OKEx cryptocurrency exchange launched termless swaps on Ethereum

The Malta Exchange OKEx announced the launch of a Ethereum-based cryptocurrency derivative – a perpetual swap.

ETH PERPETUAL SWAP: We are launching the ETH perpetual swap at 1:00 pm Dec 26, 2018 (CET, UTC + 1). For LTC, ETC, XRP, BCH, and BSV, please stay tuned. #OKExAnnouncement https://t.co/ez47hty3Az

– OKEx (@OKEx) December 26, 2018

Perpetual Ethereum swaps allow OKEx clients to trade leverage up to 40x. The face value of the contract is equivalent to $ 10. To determine the price of the swap in equal shares, the data of the exchanges Bitstamp, OKEx, Bitfinex, GDAX and Gemini in pairs with the dollar and Bitcoin are used.

“In addition, we are going to launch perpetual swaps on Litecoin, Ethereum Classic, XRP, Bitcoin Cash and Bitcoin Satoshi Vision. Stay tuned, ”says the OKEx blog.

Earlier in December, OKEx launched perpetual bitcoin swaps.

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