An internal source told UNLOCK that OKEx, a futures cryptocurrency exchange launched USDT-Margined Futures. This BTC/USD Futures Contract will be set at 0.0001 BTC and traders are are allowed to long or short a position to profit from price fluctuations.
“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community,” said Jay Hao, CEO of OKEx. “At OKEx, we’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests. We’re excited to add USDT linear contract to our futures market and next on the Perpetual Swap market to meet the interests of our growing international user base.”
Some of the features of this contract are the following according to the source: Leverage Level: 0.01-100x, Face value: 0.0001 BTC, Tick Size: 0.1, Trading Hours: 24/7 and Daily Settlement: 08:00 (UTC).
Other cryptocurrencies are expected to be marginated including EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV. For more information, visit this link OKEx Futures with USDT margin Trading User Agreement & Guide.