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OKEx (www.okex.com), the world’s largest Bitcoin and Ethereum futures exchange, announced that THETA/USD and THETA/USDT perpetual swaps are live for trading from now, with a leverage level of 0.01-20x to fulfill the diverse demands of different traders. In addition, KNC/USD and KNC/USDT perpetual swaps will be available soon.
At the same time, in order to enhance the liquidity of the perpetual swap market, OKEx increased the maker rebates for all cryptocurrencies other than the 9 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX). The maker fee rates of all tiers have been lowered by 0.020 percent based on the current fee rates.
Regarding the development, CEO of OKEx, Jay Hao, said in a statement:
“Offering a better trading experience for users is always one of the most important pursuits of OKEx. After listening to the community and observing the performance of THETA, we decided to launch the THETA/USD and THETA/USDT perpetual swap to further enrich our portfolio.”
Hao added: “Besides, we also reduced the maker fee rates, expecting to provide better liquidity. In the future, more high-quality tokens will be launched on the perpetual swap market.”
Theta is an open-source protocol built to power the decentralized streaming ecosystem. It allows decentralized apps (DApps) of multiple verticals to be built on the platform, including esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming and more. Due to its technical advantages and practical value, the price of THETA has been relatively stable since landing on OKEx, hitting a new high in May of this year.
THETA 1-week chart. Source: OKEx
Apart from that, today OKEx also launched Spot Margin Trading and Savings for four tokens — THETA, NAS, SNT and XEM against BTC and USDT.
OKEx leads crypto derivatives markets
OKEx has shown itself to be a leader in the crypto derivatives sector. According to Skew data, in terms of the BTC and ETH markets alone, the average daily trading volume of OKEx futures and swaps exceeded $3.5 billion in June.
BTC Futures & Swaps – Aggregated Daily Volumes and Open Interest on OKEx. Source: Skew
ETH Futures & Swaps – Aggregated Daily Volumes and Open Interest on OKEx. Source: Skew
Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
About OKEx
One of the world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swaps and options — with major cryptocurrencies, offering investors notable flexibility in formulating their strategies to maximize gains and mitigate risks.
Media Contact
Vivien Choi
Vivien.choi@okex.com
Telegram: @Vivienchoi
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.