OKEx Announces Launch of Real-Time Settlement For All Perpetual Swaps, Futures, & Options Contracts

OKEx, a top 20 crypto exchange, announced on Monday the launch of real-time settlement for all perpetual swaps, futures, and options contracts that are coming soon to the platform. According to OKEx,  the new feature will provide a better trading experience for users, improve the capital efficiency of their funds and enable greater cross-exchange arbitrage opportunities, among other benefits. 

“Real-time settlements will officially begin at 8:00 am UTC on December 29th on the popular ADAUSD perpetual contract. The function will then be rolled out to other major currency pairs and financial instruments on the platform over the coming months. Real-time settlements will allow users to significantly improve fund utilization, as they can withdraw their profit at any time, without waiting for the 4:00 pm UTC settlement period every day.

OKEx further revealed that as real-time settlements begin, any user holding an ADAUSD perpetual contract position at 8:00 am UTC on December 29th will see the average open price of the position changed to the settlement base price of the last settlement of the ADAUSD perpetual contract. All realized profit and loss will be transferred to the ADAUSD perpetual account balance, and the profit will be recalculated according to the new opening average price from 8:00 am UTC on the same day. Speaking about the feature’s launch, Lennix Lai, Head of Financial Markets at OKEx, stated:

“This is hugely beneficial to traders carrying out cross-exchange arbitrage, as they need to settle their profit in real-time across exchanges. It will also enhance capital management across the OKEx platform. We will start with the ADAUSD market as a trial and gradually launch other major tokens from early next month.”

OKEx then added Users may experience the real-time settlement function of the ADAUSD perpetual contract by using an API, web, or the OKEx mobile app.

Sponsored Links by DQ Promote


 


You may also like...

Send this to a friend