OKEx Introduces USDT-Settled Futures

Cryptocurrency exchange OKEx, one of the most active market operators, is launching a new series of futures settled in Tether (USDT), announced the exchange in a message to Coindesk. The futures market will include the pairings of (BTC), (ETH), (BCH), , , Bitcoin SV (BSV) and Tron (TRX).

The trading will start on November 6, and offer leverage between 1 and 100 times. Settling the futures in USDT means traders will not have to hold the various coins as collateral. Currently, OKEx holds significantly less USDT, at around 24 million, at least in its known wallets.

This would also mean purely USDT trades and positions could be taken, to bet on price mo…

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.