OKEx, one of the world's largest crypto trading platforms, has just announced the launch of its USDT futures.
According to the press release shared with iHodl, these new futures contracts will be available for trading with various cryptocurrencies, including bitcoin, ethereum and EOS.
OKEx’s USDT futures contract is a virtual derivative product that is quoted and settled in USDT digital tokens, and each contract has a face value of a fixed amount of digital tokens.
According to the official announcement, these contracts can be traded 24/7, will support a leverage of up to 100x, will have a fixed delivery date and the delivery price will be the mean value of the index the preceding hour before delivery.
The official launch will take place on November 14, while the simulation will start today.
Last month iHodl reported OKEx Korea had decided to delist all privacy-centered currencies from the platform.
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