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Wednesady 2 January 2019 – Hong Kong: Hong Kong's cryptocurrency exchange, OkEx, aggressively pushed the derivative such as trading. The company's latest move is the launch of contracts for both Litecoin and Ethereum Classic. The news was announced on the official Okex blog today.
Perpetual swaps are a trading tool designed by Bitmex. It is a derivative product similar to the Future contracts but without expiry or settlement. Perpetual bonds are gaining a lot of attraction from investors because of the leverage that can give a 2x-3x gain to the trader.
Bitmex is the first and greatest player in this field. Both Huobi and OkEx are aggressively pushing to conquer this growing market. While Bitmex has only Bitcoin-related swaps, other players are introducing swaps for many currencies.
Each contract value on OkEx is $ 10 and supports 1-40x leverage. OkEx, apart from the addition of Litecoin and Ethereum Classic, supports the BTC, EOS, BCH, BSV, ETH and XRP contracts.
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