Crypto exchange OKEx launches Bitcoin derivative “perpetual swaps”

posted 12 days ago
Malta based cryptocurrency exchange OKEx launched a new crypto derivative product, perpetual swap trading. OKEx described the product as a significant addition to its growing list of crypto-centric trading products and financial tools. With the launch, institutional investors and retail traders can leverage Bitcoin to ensure spot, futures, and swap trading on a single platform.

Each swap contract offered by OKEx holds a value of $100 worth of BTC. If the latter’s price is $4,000 a total of 40 contracts must be purchased to gain total market exposure of one Bitcoin. Lennix Lai, Financial Market Director of OKEx said “The launch of perpetual swap demonstrated our continuous commitment to building a complete financial ecosystem on blockchain and crypto. With the new offering, investors and traders can select the products which best fit their trading and hedging strategies.”
Tags: bitcoin, news