The OKEx BTC trading options as the largest spot and futures exchange platform were opened to the public after they were developed in-house for months. The platform went live on Thursday (January 9, 2020) and it turned out to be a great success even though it was only an invite-only trading phase. In our latest blockchain news, we take a closer look at what the crypto community had to say.
OKEx has become the only exchange that offers C2C, futures, spot, perpetual swap and options trading on a single platform. The OKEx BTC trading option is also among the rare options that a crypto exchange offers. This feature will provide a much faster and robust trading infrastructure that will not only support the buy option but will support the write options for enhanced trading flexibility and transparency. It will also implement a sophisticated risk management system that will shot the prices and short qualification rules. The platform contributed about 150 BTC for the BTCUSD option insurance funds. The CEO of the exchange Jay Hao said:
“We developed OKEx options trading from stretch and it represents a complete upgrade of OKEx’s trading architecture. We have always been excited about bringing a faster, more stable and robust infrastructure to the crypto community. OKEx Options has just added a refined touch to our full-suite product portfolio, ranging from the spot with margin trading, futures, and perpetual swap markets.”
Some of the new benefits that will come with the new Options trading platform include transparency in price discovery, a robust and anti-manipulation system that is proven and recognized during market crashes, a crypto settlement without geographical limitations, mark price as settlement time, mirrored features, diversified strategies and 24/7 supported trading with all-time profit-making opportunity.
“With such new offering, OKEx can provide extra convenience for our users to diversify their trading strategies. We also offer incentive to attract new users by holding trading simulation and reward schemes, encouraging our users to take their first step.”
Just a day before the launch, the OKEx options data was added to skewAnalytics and in the meantime, the platform had a volume of $2.6 million only in its invite-only trading period. The maximum volume on OKEx so far stands at $8.6 million.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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