Wednesady 2nd January 2019 – Hong Kong: Hong Kong-based cryptocurrency exchange, OkEx, has been pushing into the derivative like trading aggressively. The latest move by the company is to launch contracts for both Litecoin and Ethereum Classic. The news was announced on Okex’s official blog post today.
Perpetual Swaps are an instrument of trading designed by Bitmex. It is a derivative product similar to Future contracts but without any expiry or settlement. Perpetual bonds are gaining a lot of attraction from investors due to the leverage feature which can give a trader 2x-3x gain.
Bitmex is the first and largest player in this field. Both Huobi and OkEx are pushing aggresively to capture this growing market. While Bitmex has only swaps related to Bitcoins, other players are introducing swaps for many currencies.
Each contract value on OkEx is $10 and they support 1-40x leverage. OkEx, apart from the addition of Litecoin and Ethereum Classic, supports BTC, EOS, BCH, BSV, ETH, and XRP contracts.
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