OKEx Expands Its Real-Time Settlement Platform to New Coin-Margined Perpetual Swaps

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OKEx Expands Its Real-Time Settlement Platform to New Coin-Margined Perpetual Swaps

In an announcement this Thursday, the world-leading crypto exchange OKEx confirmed they would expand their real-time settlement platform and add new coin-margined perpetual swaps to their platform. The exchange launched a real-time settlement for all perpetual swaps, futures, and options contracts to improve its customers’ overall liquidity and trading experience.

Real-time settlements for traders started at 8:00 am UTC on Dec. 29 on the ADA/USD perpetual swap to “improve the capital efficiency and improve cross-exchange arbitrage opportunities,” a post from the exchange read at the time. OKEX has since expanded the real-time settlement feature to “ALGOUSD, ATOMUSD, and an additional 20+ coin-margined perpetual swaps, including XLM, YFI THETA”. Here is a complete list of the crypto’s, all paired with USD:

  • ALGO
  • ATOM
  • CRV
  • DASH
  • FIL
  • IOST
  • IOTA
  • KNC
  • NEO
  • ONT
  • QTUM
  • SUN
  • SUSHI
  • THETA
  • UNI
  • XLM
  • XMR
  • XTZ
  • YFI
  • YFII
  • ZEC

The real-time settlement allows users to withdraw their profits from perpetual swap contracts at any time within the day – switching from the 4.00 PM UTC deadline.

“It is a huge benefit to our traders because it opens up greater trading opportunities for them, including cross-exchange arbitrage, as they can now settle their profit in real-time across exchanges,” commented Lennix Lai, the head of financial markets at OKEx.

OKEX has recently faced challenges and huge withdrawals from its platform following a five-week-long withdrawal suspension.

Published at Fri, 15 Jan 2021 21:38:02 +0000 OKEx Expands Its Real-Time Settlement Platform to New Coin-Margined Perpetual Swaps

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