On Thursday, Hong Kong-based cryptocurrency exchange OKEx revealed the addition of seven new trading pairs to its cryptocurrency derivative product. The exchange currently stands as the world’s second-largest cryptocurrency exchange by volume, with a 24-hour trading volume of $552 million at the time of writing.
OKEx originally launched its first derivative product, a no-expiry Bitcoin derivative known as a “perpetual swap.” With the original perpetual swap product, traders were granted the ability to trade to take long or short positions on the value applied between OKEx’s BTC to USD Index, with up to 100x leverage. Each of the derivatives contracts has a nominal value of $100.
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ETC、LTC perpetual swap trading is now available.https://t.co/b1Lvh7OOrL pic.twitter.com/aOy6MQPHt2
— OKEx (@OKEx) January 2, 2019