USDT-margined Perpetual Swap Now Available
Dear valued customers,
We are pleased to announce that BTCUSDT Perpetual Swap trading is officially live on the OKX website and API from 06:00 Dec 16, 2019 (UTC).
The specifications are as follows:
|
Feature |
Detail |
|
Underlying |
BTC/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.0001BTC |
|
Price Quotation |
1 BTC value calculated in USDT equivalent |
|
Tick Size |
0.1 |
|
Trading Hours |
24/7 |
|
Settlement time |
08:00 (UTC) |
OKX USDT-margined Perpetual Swap adopts a sophisticated risk management system that features mark price, daily settlement, and tiered maintenance margin ratio, to provide a reliable trading environment, offering 0.01x – 100x leverage to traders. Users are enabled to use USDT as margin to trade USDT-margined Perpetual Swap. More underlying options, such as EOS, ETH, LTC, BCH, XRP, ETC, TRX, and BSV, will be available soon.
Furthermore, in order to minimize the risk of societal loss, OKX has already donated 200,000 USDT to the BTCUSDT Perpetual Swap insurance fund.
Should you have any questions regarding USDT-margined Perpetual Swap trading, please visit OKX USDT Margined Perpetual Swap Trading User Agreement & Guide or contact our customer support for inquiries.
Thank you for your support and we assure you our best services at all times.
Regards,
OKX
Dec 16, 2019 (UTC)