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Main cryptocurrency exchange OKEx added more new crypto-derivative pairs to its platform, according to a press release shared with Cointelegraph on 3 January.
As reported by Cointelegraph at the end of December, the exchange launched for the first time a derivative product called "perpetual swap" that supports BTC / USD, with leverage up to 100x. As Cointelegraph reported at the time, the product is a margin trading tool that allows users to speculate on the future value of a certain cryptocurrency against USD, according to the OKEx index.
Today, the exchange has announced that it will add perpetual exchange contracts for other important seven encrypted: Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) , and Ripple (XRP). The new contracts added will only support up to 40 times the leverage, according to the press release.
Meanwhile, news recently broke that the Bakkt Bitcoin (USD) daily futures launch timeline will be established by the Intercontinental Exchange at the start of 2019. The news came the same day the platform Bakkt announced a massive round of financing totaling $ 182.5 million. Michael Novogratz would have mentioned the launch of Bakkt as one of the developments in the sector that could help end the cryptic bear market.
Towards the end of November, the Huobi encrypted exchange launched a platform dedicated to cryptographic derivatives, dubbed the "Huobi Derivative Market", which allows customers to take both long and short positions.
OKEx is currently the second largest cryptographic exchange in the world with adequate daily trading volumes, with approximately $ 564 million in trade per day for the press.
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