Cryptocurrency futures exchange OKEx has launched USDT-Margined Futures, following a successful simulation beginning 5 November, 2019. The BTC/USDT Futures Contracts officially went live on 14 November, 2019.
Served as a virtual derivative product that is quoted and settled in digital token USDT, BTC/USDT contract has a face value of 0.0001 BTC. The available range of the leverage is 0.01-100x.Traders can long or short a position to profit from the increase or decline of a cryptocurrency’s price respectively. OKEx provides a wider derivative portfolio with a greater variety of underlying currencies and more comprehensive functionality to meet users’ trading requirements.
“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community,” says Jay Hao (pictured), CEO of OKEx. “At OKEx, we’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests. We’re excited to add USDT linear contract to our Futures market and next on the Perpetual Swap market to meet the interests of our growing international user base.”
Other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market will be soon launched.
