OKEx Cryptocurrency Exchange to Launch New Futures Products, Implement Perpetual Swap Settlements and More | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
According to an official announcement on their website, popular cryptocurrency exchange OKEx is launching new a futures product with daily settlement, as well as adjusting perpetual swap settlement and funding time.
Futures Contract with Daily Settlement
Malta-based cryptocurrency exchange OKEx is undertaking various renovations to enhance users trading experience. The new functions will be implemented in the next few weeks and will consist of three new features related to future contracts.
Until today, OKEx platform was offering to its customers only weekly contracts for what concerns trading operations on futures. The new version of the platform will see a new settlement time for future contracts: users will have the chance to trading daily futures, contracts that settle on a daily basis. The settlement time will occur at 10:00 (CEST, UTC+2) every day, while for the weekly contracts, settlement remains at 10:00 every Friday (CEST, UTC+2) just like it used to be.
OKEx has disclosed the different implementation schedules for each token that will benefit the new feature. The migration will start on Thursday 22nd of August with Tron (TRX). Then on the 26th of August will be the turn of Bitcoin SV (BSV) and Ethereum Classic (ETC). The new feature will be released on Ripple (XRP), Bitcoin Cash (BCH) and Litecoin (LTC) on the 28th of August. Lastly, starting from Friday the 30th of August, the daily settlement will also be available for Eos (EOS),