OKEx will launch perpetual margin swaps for 9 cryptocurrencies with USDT on December 16OKEx will launch new perpetual swaps for a range of cryptocurrencies paired with USDT stablecoin on December 16, with the ability to leverage from 0.01x to 100x, according to a press release provided by TTRCoin this Thursday ...

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OKEx Launches Perpetual Margin Swaps for 9 Cryptocurrencies in USDT Pairs Dec 16

OKEx will launch new perpetual swaps for a range of cryptocurrencies paired with USDT stablecoin and leverage from 0.01x to 100x on December 16, according to a press release provided by TTRCoin this Thursday..

In total, users will have access to nine types of trading pairs, in which they can open short and long positions on Bitcoin, EOS, Ethereum Classic, Ethereum, Litecoin, Bitcoin Cash, Bitcoin SV, TRON and XRP.

Shortly before this, OKEx announced the launch of futures contracts with USDT, which, according to the plan of the exchange, should save users from the need to make additional transfers when working with several assets. Perpetual swaps, as their name suggests, unlike futures, do not have an expiration date and therefore do not require a position to be extended.

“We've got a great response from users since the launch of USDT futures last month,” said Jay Hao, CEO of OKEx..

From today until December 11, users can participate in simulated trading to get familiar with the BTCUSDT, ETHUSDT and EOSUSDT contracts.

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