ETH PERPETUAL SWAP: We are launching the ETH perpetual exchange at 13:00 pm 26 December 2018 (CET, UTC + 1). And soon we will open the perpetual swaps for LTC, ETC, XRP, BCH and BSV, please stay tuned.#OKExAnnouncementhttps://t.co/ez47hty3Az
– OKEx (@OKEx) December 26, 2018
According to ad, perpetual swaps, which are produced virtual derivatives that are regulated in ETH, launched on December 26th. The swaps differ from the OKEx futures contracts mainly in their delivery, financing, mark price and daily settlement, which occurs once every 12 hours at 3:00 am and 3:00 pm (CET, UTC + 1).
Swaps currently allow up to 40x of leverage and include the same components of equal weight of ETH / USD and ETH / BTC trading pairs of the major stock exchanges, including Bitstamp, OKEx, Bitfinex, GDAX and Gemini.
In addition to the ETH product, OKEx has revealed it plans to start perpetual swaps for LTC, ETC, XRP, BCH and BSV in the near future.
ETH is currently down 6.8% a day to $ 117.50, giving the third largest cryptocurrency a market capitalization of $ 12.2 billion.
Other: ETH Swap Perpetual available
Related: OKEx now allows users to earn daily interest by lending their crypt
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