The crypto exchange platform OKX launched OKX
Futures on December 15, 2023. This move, aimed at refining its derivatives
trading platform, promised to streamline the exchange’s offerings.
OKX’s overhaul introduced two essential changes:
Perpetual Futures, replacing the former Perpetual Swap Contracts, and Expiry
Futures, formerly known as Future Contracts.
According to the company, while these updates
rebrand existing instruments, OKX has assured traders of continued access to
familiar functionalities and trading pairs. Notably, OKX has revamped its interface within the
futures trading section. The new design intends to simplify navigation, providing
traders with a more intuitive and accessible trading platform.
Traders can transition to OKX Futures by accessing
the Futures Trading option through the web and app (version 6.46.0) starting
December 15, the company noted. While the trading process remains consistent, the updated naming
convention aims to provide a more streamlined experience for users.
To maintain stability, OKX plans to ensure that there is no alteration to
API parameters, which is crucial for automated trading systems. This
decision targets uninterrupted,
efficient trading experiences for users relying on automation.
In a parallel initiative, OKX has scheduled an
adjustment to position tiers of perpetual swaps and futures on December 18,
aiming to fortify market liquidity and mitigate risks.
OKX’s Global Expansion Strategy
Recently, OKX partnered with CoinShares and Komainu
to enhance derivatives trading. This initiative marked a proactive response to
recent events, notably the events that led to the collapse of FTX last year.
The trio wants to enable the trading of OKX’s full
suite of products within the derivatives platform by integrating a collateral
mirroring agreement. This move, while considerably more intricate due to
factors like margin financing and risk mitigation, promises a secure trading
environment for derivatives.
Additionally, OKX launched a cryptocurrency exchange and Web3 wallet in Brazil last month. This expansion aims to revolutionize the
Brazilian crypto market, offering a comprehensive suite of services, including
access to DeFi, NFTs, dApps, and an extensive range of cryptocurrencies.
Highlighting the importance of security for
Brazilian crypto enthusiasts, OKX has tailored its platform to resonate with
local preferences. OKX’s global expansion strategy extends beyond
Brazil. Furthermore, the crypto exchange has established an office at the Dubai World Trade Center.
The crypto exchange platform OKX launched OKX
Futures on December 15, 2023. This move, aimed at refining its derivatives
trading platform, promised to streamline the exchange’s offerings.
OKX’s overhaul introduced two essential changes:
Perpetual Futures, replacing the former Perpetual Swap Contracts, and Expiry
Futures, formerly known as Future Contracts.
According to the company, while these updates
rebrand existing instruments, OKX has assured traders of continued access to
familiar functionalities and trading pairs. Notably, OKX has revamped its interface within the
futures trading section. The new design intends to simplify navigation, providing
traders with a more intuitive and accessible trading platform.
Traders can transition to OKX Futures by accessing
the Futures Trading option through the web and app (version 6.46.0) starting
December 15, the company noted. While the trading process remains consistent, the updated naming
convention aims to provide a more streamlined experience for users.
To maintain stability, OKX plans to ensure that there is no alteration to
API parameters, which is crucial for automated trading systems. This
decision targets uninterrupted,
efficient trading experiences for users relying on automation.
In a parallel initiative, OKX has scheduled an
adjustment to position tiers of perpetual swaps and futures on December 18,
aiming to fortify market liquidity and mitigate risks.
OKX’s Global Expansion Strategy
Recently, OKX partnered with CoinShares and Komainu
to enhance derivatives trading. This initiative marked a proactive response to
recent events, notably the events that led to the collapse of FTX last year.
The trio wants to enable the trading of OKX’s full
suite of products within the derivatives platform by integrating a collateral
mirroring agreement. This move, while considerably more intricate due to
factors like margin financing and risk mitigation, promises a secure trading
environment for derivatives.
Additionally, OKX launched a cryptocurrency exchange and Web3 wallet in Brazil last month. This expansion aims to revolutionize the
Brazilian crypto market, offering a comprehensive suite of services, including
access to DeFi, NFTs, dApps, and an extensive range of cryptocurrencies.
Highlighting the importance of security for
Brazilian crypto enthusiasts, OKX has tailored its platform to resonate with
local preferences. OKX’s global expansion strategy extends beyond
Brazil. Furthermore, the crypto exchange has established an office at the Dubai World Trade Center.
#OKX #Announces #Launch #Upgraded #Futures #Trading
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