According to a press release shared with a news website, cryptocurrency exchange OKEx which is a Malta-based exchange has recently added new four cryptocurrency unoriginal sets to its trade.
OKEx is a 3rd greatest cryptocurrency exchange by trade volume, and it has stated the extensive listing of Bitcoin SV (BSV), DASH and QTUM, NEO in contradiction of Tether (USDT) and Bitcoin (BTC) on margin with three times larger than the power option.
In the month of January 2019 this major exchange added 7 fresh cryptocurrency derivative pairs to its platform, such as Bitcoin SV (BSV), Bitcoin Cash (BCH), Ethereum Classic (ETC), EOS (EOS), Ethereum (ETH), and Ripple (XRP) as well as Litecoin (LTC), as stated in the news website. However, in January, the exchange noted that the newly added contracts would only support up to 40x leverage, as opposed to today’s press release indicating a 3x leverage option.Also in December of last year, Hong Kong-based cryptocurrency exchange Bitfinex launched margin trading for stablecoin Tether (USDT) against USD, as Cointelegraph reported on Dec. 22.
Earlier today, Cointelegraph wrote that major United States exchange and wallet Coinbase has acquired a blockchain intelligence startup, dubbed Neutrino, underlining that the new deal is aimed at helping add more cryptocurrencies and features to Coinbase services.
OKEx a digital asset exchange had earlier launched an unoriginal product, called as perpetual swap, that ropes BTC/USD having more than 100 times of force.
OKEx Monetary Market Director Lennix Lai noted that “we would like to remind our users that due to its high leveraged nature, implementing risk control strategies are equally crucial in trading.” Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent.
Last year OKEx even removed more than 50 trading pairs with trading volume and weak liquidity. After that Later in November, the exchange announced it was delisting the second swathe of trading pairs due to “weak liquidity” to “create a robust trading environment and offer the best trading experience” for traders.
In commentaries clarifying the motivation behind the policy, OKEx mentioned that it was acting to defend the welfares of its customers,” adding:
“We will strictly monitor all listed projects and implement the delisting/hiding mechanism for substandard projects when necessary.”
OKEx is the most trusted Digital Asset Exchange that is situated in Malta. It is a digital currency exchange (DCE), and a cryptocurrency exchange is a web-service that offers its users services for the transfer of virtual currency into many assets, like digital money and fiat. The exchange functions typically online, offering dealings in electric types and taking charges for them, as there are even a few of the brick-and-mortar businesses that use old-style reimbursement methods. Credit cards and Debit cards, postal money orders and other types of money transmissions are recognized to make a process with the help of DCE. Usually, dealings are made among bank accounts and in a few examples a client can remove their money in with the help of ATMs.