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OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement

Tanzeel Akhtar
·1 min read

Cryptocurrency exchange OKEx announced Thursday it has expanded its real-time settlement function and will include more coin-margined perpetual swaps.

  • OKEx launched the real-time settlement function on Dec. 29; it was initially only available with the trading of the ADA/USD swap.

  • The firm said it has added real-time settlement for the ALGO/USD, ATO/MUSD swap and 20 other coin-margined perpetual swaps on Wednesday.

  • For those unfamiliar with coin margined perpetual swaps, they are futures products margined and priced using a cryptocurrency.

  • Prior to the real-time settlement function, OKEx transactions were usually settled at 4 p.m. UTC daily. The update allows OKEx users to withdraw their profits at any time.

Read more: OKEx Launches Real-Time Settlement for Derivatives Trading

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