okex btc usdt
BTC/USDT Futures Trading Now Live On OKEx
November 15, 2019
okex btc usdt
BTC/USDT Futures Trading Now Live On OKEx
November 15, 2019

OKEx launches Bitcoin (BTC) futures contracts margined with Tether (USDT) stablecoin and now live on the trading platform.

On No. 14, OKEx announced the new coin offering while listing BTC/USDT offering on its trading platform.

OKEx says that a stablecoin-based derivatives contract will make it simpler and efficient for traders to navigate the market and calculate risks.

OKEx CEO Jay Hao commented:

“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community.”

The derivative in question is quoted and settled in USDT and each BTC/USDT contract has a face value of 0.0001 BTC and has an available value range of 0.01 to 100 times. The platform’s users can take both long and short positions on the contract.

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Further Plans of OKEx

OKEx has plans to launch USDT margined futures for other crypto assets.

More precisely, the firm announced plans to launch such contracts for:

Meanwhile, OKEx announced that it is forming a Self-Regulated Organization (SRO) aimed at standardizing crypto exchange practices and policies.


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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.