OKEx Launches XRP/USDT and ETC/USDT Futures

Siamak Masnavi
  • 4 Dec 2019

Malta-headquartered digital asset exchange OKEx launched on Wednesday (December 4) launched trading in USDT-margined futures for XRP and ETC.

OKEx first launched USDT-margined futures on November 14. At that time, there was only support for Bitcoin (BTC), i.e. what got launched back then was BTC/USDT futures:

Served as a virtual derivative product that is quoted and settled in digital token USDT, BTC/USDT contract has a face value of 0.0001 BTC. The available range of the leverage is 0.01-100x.Traders can long or short a position to profit from the increase or decline of a cryptocurrency's price respectively.

OKEx cited the following as advantages of USDT-based futures:

  • "Linear Contract"
  • "Efficiency and Low-cost"
  • "Comparatively Stable"
  • "Intuitive Trading Experience"

OKEx promised that in the near future it would offer USDT-margined futures for other popular cryptoassets such as "EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV."

Until today, OKEx offered USDT-margined futures for Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH).

Well, today, at 07:00 UTC, trading in USDT-margined futures for XRP and ETC was launched.

Here are their specifications for the XRP/USDT futures:

XRP:USDT Futures.png

And these are the specifications for the ETC/USDT futures:

ETC:USDT futures.png

 

All Images Courtesy of OKEx