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OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement
The real-time settlement function went live on Dec. 29.
Cryptocurrency exchange OKEx announced Thursday it has expanded its real-time settlement function and will include more coin-margined perpetual swaps.
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- 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
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.
