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OKEx Launches Real-Time Settlement for Derivatives Trading
Cryptocurrency exchange OKEx has introduced real-time settlement for the trading of derivatives on its platform.
Cryptocurrency exchange OKEx has introduced real-time settlement for the trading of derivatives on its platform including futures, options and swaps, allowing users to make withdrawals at any time.
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- OKEx said the real-time settlement function will only be available with the trading of the ADA/USD swap today at 8 a.m. UTC.
- Prior to the offering, transactions were usually settled at 4 p.m. UTC settlement period daily. This update will allow OKEx users to withdraw their profits at any time, said the exchange.
- OKEx said the function will then be rolled out to other major currency pairs and financial instruments on the platform over the coming months.
Read more: OKEx Bitcoin Mining Pool Shows Signs of Life After Precipitous Hashrate Drop
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
