News

OKEx offers USD 4.5 mln to its perpetual swap market

Thursday 25 July 2019 09:46 CET | News

OKEx has donated USD 4.5 million-worth of Bitcoin to its perpetual swap market insurance fund to foster customers’ confidence in trading cryptocurrencies.

In 2018, OKEx introduced perpetual swap trading, as well as the new risk management system. Since the adoption of the new risk management system, the exchange has recorded zero clawback for the futures and perpetual swap markets. The donation to the perpetual swap insurance fund will now provide an extra layer of protection to the customers, thus ensuring that all customers’ interests are safeguarded.

The company’s crypto marketplace serves millions of users globally, and it offers hedging and arbitrage instruments, including futures and perpetual swaps. These are used to help traders optimise their trading strategies.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: OKex, swap market, Bitcoin, cryptocurrency, trading, risk management, hedging instruments, arbitrage instruments, futures swaps
Categories:
Companies:
Countries: World





Industry Events