[ad_1]
The OKEx-based cryptocurrency exchange in Malta would like to inform its users that it has launched perpetual exchange contracts for Tron's famous digital heritage (TRX). The new product trading will be available on OKEx.com and the OKEx mobile application.
More information on the TRX perpetual exchange
The exchange went on to explain that each contract will have a face value of $ 10 and the leverage will be limited to 20x.
The new TRX perpetual exchange offers a nominal contract value of USD 10 and the minimum price range is set at USD 0.00. Perpetual exchange has a leverage of 1-20x.
The TRX perpetual exchange contracts will be settled and financed every 12 hours at 3:00 am and 3:00 pm daily, UTC + 1. The loan rate will be calculated using the following formula which is constructed from the weighted average market price on OKEx, Binace and Huobi.
Financing rate = Clamp (MA ((best purchase price contract + best selling price of contracts) / price of the 2-spot index / price of the spot index – interest), -0.2% , 0.2%)
The exchange has also communicated to its users that they will continue to introduce perpetual exchange contracts for other important digital resources over time.
Increased leverage of ETH and EOS perpetual exchange contracts
The exchange also informed the community of cryptocurrencies that regulated leverage at 100x for perpetual exchange contracts on Ethereum and EOS. However, the available leverage is based on a system of levels present in the exchange. The new feature will be available today at 8:40 am, UTC + 1.
What exactly is a perpetual exchange?
Perpetual To exchange is a virtual peer-to-peer derivative developed by OKEx to allow traders to take advantage of the up or down direction of the price of digital assets. It is similar to the futures contract, but without expiration and payment takes place daily.
Every to exchange the contract has a notional value between $ 100 for BTC and $ 10 for other digital activities on OKEx. Users can get a long position to profit from the price increase of a digital asset, or a short position to profit from the decline in the price of a digital asset. The lever can reach up to 100x.
What are your thoughts on OKEx that continuously expands its perpetual exchange contracts to include TRX? Please let us know in the comments section below.
