Major Hong Kong-based crypto exchange OKEx declared it was removing the second strip of trading pairs because of the weak liquidity this news was stated in a blog post published on November 27, 2018. OKEx, which even stated that its aim is to start removing few of the certain pairs and tokens in October and detached the first batch Oct. 31, will presently eliminate a more 49 trading pairs from its order book. This, the statement mentions that, is in order to “make a healthy interchange setting and offer the best interchange experience” for traders. Few of the assets will misplace definite trading pairs, though removals of 26 tokens are set to vanish overall.
However, in a recent news published in Cointegraph, OKEx has now launched a new derivative product called Perpetual Swap trading.
Perpetual Swap is a P2P, digitalized unoriginally industrialized by OKex, that allows customers to gamble the way of the value of digital assets. Its apparatus is allegedly very related to a stocks contract, nonetheless with no finish and everyday payment. Respectively swap contract has a theoretical value of $100 Bitcoin (BTC) equal. OKEx Monetary Market Director Lennix Lai noted that as per the company it will like to remind the customers that due to its extremely influenced nature, applying risk control strategies are equally vital in trading.
Previously, OKEx has included support for 4 stablecoins, like TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX). AS per the schedule stated in the announcement, the stablecoins have developed the obtainable for credits. on Hong Kong Time (HKG), with a number of crypto trading pairs. Removal of coins for the users will be obtainable starting soon.
TrueUSD which is the best stablecoin that has been presented succeeding the start of provocative stablecoin Tether (USDT), which is sponsored by the U.S. dollar on a 1:1 proportion. Both registered on main crypto exchanges such as Binance, Bitfinex, OKEx, Huobi and HitBTC, the stablecoins are organized on the Ethereum and Omni blockchain networks.
Lennix Lai, Financial Market Director of OKEx, stated that this marked a key milestone for OKEx. 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. However, we would like to remind our users that due to its high leveraged nature, implementing risk control strategies are equally crucial in trading.
OKEx is a world-leading digital asset exchange, offering digital assets trading services such as token trading, futures trading, and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies. The platform provides a safe, reliable, and stable environment for digital asset trading, serving millions of customers from over 100 countries.