OKEx crypto exchange confirmed the information about the launch of futures on the Tether stablecoin, pegged to USD, with the possibility of margin trading. The launch will take place in October.
Despite the fact that the company has precisely determined the month of launching a new financial instrument, the exact date is still unknown. Future OKEx futures will allow traders to open short and long positions on Tether, using borrowed funds to make a profit on the fluctuation of the stablecoin rate.
Recall that recently, the Tether team announced plans to launch another stablecoin – CHNT, which will be supported by the Chinese yuan. In addition, the company plans to create a stablecoin, provided with a basket of assets such as oil, gold, rubber.
On September 8, the Binance Exchange also announced the launch of the futures platform, it works in a limited mode. Prior to this, the company provided the crypto community with access to two test platforms. As part of the testing, the total trading volume reached 423 million BTC.
