OKEx
Launches Crypto Futures Settled in Tether Stablecoin
Crypto exchange OKEx is launching a range of cryptocurrency
futures contracts that can be settled in Tether (USDT), the leading
dollar-backed stablecoin. OKEx claims that these new ‘linear futures’ will be
easier for beginner traders to understand.
“Most of the time, users are
not willing to hold altcoins as margin, and they also see inverse contracts
itself are complicated to understand. We see this linear contract would be an
open door to many new retail traders,” said OKEx’s financial market director,
Lennix Lai.
According to CryptoCompare’s September 2019 Exchange Review,
OKEx was the top crypto derivatives exchange in the month of September,
trading a total of $90.3 billion in total.
