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:

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.