OKEx launches futures for XRP, BCH and LTC
Crypto

OKEx launches futures for XRP, BCH and LTC

By Alfredo de Candia - 24 May 2019

Chevron down

The popular Chinese crypto exchange, OKEx, with the latest platform update, has integrated the futures on Litecoin (LTC), Bitcoin Cash (BCH) and XRP.

“The tiered maintenance margin ratio system is now available for LTC, BCH, XRP futures markets. The new risk management system will effectively minimize the risks of margin call losses & enhance the user experience of futures trading, which allows users to select 1-50x leverage”.

Thus, the Okex exchange also opens its doors to futures, following a trend that is expanding rapidly. Just a few days ago, in fact, BTSE announced that it would allow its users to use fiat for futures.

Binance’s CEO, Changpeng Zhao, also declared in an AMA (Ask Me Anything):

“I think most people have already seen the margin flagged added in our API so as we are working on marketing system that look that’s rolling out actually very very soon”.

Cryptocurrency futures can also be leveraged and thus used for speculation. If used effectively, these tools allow for excellent earnings, exploiting a very liquid market.

We are only at the beginning, yet more and more platforms are opening up to cryptocurrency futures. The goal is to reach even those users are approaching this world for the first time.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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