THELOGICALINDIAN - Maltabased OKEx which describes itself as the worlds better futures cryptocurrency barter has aloof broadcast its artefact alms to accommodate TetherMargined Bitcoin Futures The barrage follows a acknowledged simulation aeon which began on Nov 5
Advantages Of Using Tether
The new BTC/USDT futures artefact is a basic derivative, quoted and acclimatized in Tether. It has a face amount of 0.0001 BTC, and traders can continued or abbreviate a position, with advantage from 0.01 to 100x. But why barter with Tether over BTC/USD futures… or alike Bakkt’s Bitcoin acclimatized futures?
OKEx lists a cardinal of advantages in its press release. Firstly, as a beeline contract, it claims there is no charge to barrier the allowance accident of an changed contract. Also, trading in Tether removes the charge to about-face amid authorization and cryptocurrencies, convalescent ability and abbreviation cost.
OKEx claims that the trading acquaintance is additionally added intuitive, authoritative it easier for users to master. It describes the arrangement as ‘similar to atom trading, with the accession of leverage’.
The Future Of OKEx Futures
Following the acknowledged simulation period, OKEx CEO, Jay Hao, said that he had accustomed absolute acknowledgment from traders. However, he claimed that this was aloof the alpha for Tether-backed futures products.
Following the accession of the USDT beeline futures contract, there are affairs to add the bond to OKEx’s perpetual swap market. Other cryptocurrencies, such as EOS, ETH, LTC, and BCH will additionally barrage on the USDT-margined futures bazaar soon.
World’s Largest Futures Cryptocurrency Exchange?
OKEx claimed over $2.4 billion of crypto derivatives was traded in aloof 24 hours aback in March, leapfrogging BitMEX, and animadversion it off the top spot.
However it has additionally faced accusations that up to 90% of claimed spot-volume was wash-traded. This alike led CEO, Hao, to put up a 100BTC bet, that he could prove that at atomic 10.1% of the exchange’s aggregate was real.
Because of course, 89.9% of aggregate actuality wash-traded would be fine.
What do you accomplish of the new Tether-margined Bitcoin futures? Add your thoughts below!
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