OKEx Launches XRP/USDT and ETC/USDT Futures
Malta-headquartered digital asset exchange OKEx launched on Wednesday (December 4) launched trading in USDT-margined futures for XRP and ETC.
OKEx first launched USDT-margined futures on November 14. At that time, there was only support for Bitcoin (BTC), i.e. what got launched back then was BTC/USDT futures:
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 cited the following as advantages of USDT-based futures:
- "Linear Contract"
- "Efficiency and Low-cost"
- "Comparatively Stable"
- "Intuitive Trading Experience"
OKEx promised that in the near future it would offer USDT-margined futures for other popular cryptoassets such as "EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV."
Until today, OKEx offered USDT-margined futures for Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH).
Well, today, at 07:00 UTC, trading in USDT-margined futures for XRP and ETC was launched.
Featured Image Courtesy of OKEx