The Malta-based crypto currency exchange OKEx is preparing to launch a new derivative product called “Perpetual Swap,” according to a statement released on December 3.
The cak Perpetual Swap developed by OKEx will enable users to determine the direction of the price of digital assets. It was announced that this new digital derivative will work as peer-to-peer. The mechanism of the “Perpetual Swap product, which is described as very similar to futures contracts , will be paid indefinitely and daily. Each swap contract will have a value equivalent to $ 100 Bitcoin.
On the other hand, the new derivative product to be released will allow users to trade swaps, futures contracts and concurrently with margin and leverage.
In addition, OKEx has announced that it will launch its ac Perpetual Swap ini on December 11th.
Contractual purchase-sale transactions allow users to trade digital currency at pre-determined prices, as well as open up long and short-term positions for investors.
Lennix Lai, Financial Market Director at OKEx, has voiced the following words to warn its users of the risks:
We would like to remind our users that the application of risk control strategies is extremely important in terms of operations due to their high leverage.
Together with this, in October, OKEx announced that it had removed more than fifty transaction pairs from its list of low liquidity and trading volumes. At the end of November, he shared with the public that he removed more than 30 transactions with low liquidity for the investors, in order to create a d strong investment environment and provide the best trading experience.
According to the Coinmarketcap data, OKEx has a daily trading volume of $ 523 million.