Major Crypto Exchange OKEx Adds Four New Margin Trading Pairs

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Malta-based cryptocurrency exchange OKEx has added four new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph on Feb. 19.

OKEx, the third-largest crypto exchange by trade volume, has announced the listing of Bitcoin SV (BSV), QTUM, DASH and NEO against Bitcoin (BTC) or Tether (USDT) on margin with a 3x leverage option.

Last month, OKEx added seven new crypto derivative pairs to its platform, including Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), as Cointelegraph reported on Jan. 3.

As Cointelegraph wrote on Dec. 4, the digital asset exchange OKEx had earlier launched a derivative product, dubbed a “perpetual swap,” that supports BTC/USD with up to 100x leverage. In January, the exchange noted that the newly added contracts would only support up to 40x leverage, as opposed to today’s press release noting a 3x leverage option.

Also in December of last year, Hong Kong-based cryptocurrency exchange Bitfinex launched margin trading for stablecoin Tether (USDT) against USD, as Cointelegraph reported on Dec. 22.

Earlier today, Cointelegraph wrote that major United States exchange and wallet Coinbase has acquired a blockchain intelligence startup, dubbed Neutrino, underlining that the new deal is aimed at helping add more cryptocurrencies and features to Coinbase services.


SOURCE: https://cointelegraph.com/news/major-crypto-exchange-okex-adds-four-new-margin-trading-pairs