OKX Launches USDT-Margined Futures
Dear valued customers,
We are pleased to announce that the BTC/USDT futures trading is officially launched on OKX.com and OKX API at 06:00 Nov 14, 2019 (UTC).
The specifications are as follows:
|
Feature |
Detail |
|
Underlying |
BTC/USDT Index |
|
Settlement Asset |
USDT |
|
Face Value |
0.0001BTC |
|
Price Quotation |
Quoted in USDT based on the rate against BTC |
|
Tick Size |
0.1 |
|
Trading Hours |
24/7 |
|
Contract expirations |
Weekly, biweekly, quarterly |
|
Contract delivery time |
08:00 (UTC), Friday of the expiring week |
|
Settlement time |
08:00 (UTC) |
Our USDT-margined futures market is protected by our industry-leading risk management system that features mark price, daily settlement, and tiered maintenance margin ratio system, enabling us to offer 0.01-100x leverage to traders. We will launch other major cryptocurrencies such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV on the USDT-margined futures market soon.
In order to protect our users’ interest and enhance the stability of the market, we have donated 1,000,000 USDT to the insurance fund for BTC/USDT futures market.
If you have any questions about USDT-margined Futures, please refer to “OKX Futures with USDT margin Trading User Agreement & Guide” or contact our customer support.
Thank you for your support and we assure you our best services at all times.
Regards,
OKX
Nov 14, 2019 (UTC)