The digital asset exchange OKEx, which is based in Malta, presented a new comprehensive analytical platform that specializes in derivatives trading trends.
According to a press release from OKEx, the new platform will allow OKEx users to track real-time data on exchange-traded futures and swap markets, including access to nine major digital currencies, including Bitcoin, Ethereum, Ripple. Analysis of trends in the market will be carried out on such indicators: the ratio of long / short positions, the volume of purchases / sales, trading volume, open interest, basis, the highest average income of traders, as well as the highest index of sentiment of traders.
This is a leverage. Once we have been realized, it can be our users. @OKEx https://t.co/aoGAYpWGT5
Andy Cheung OKEx (@ AndyC0125) August 4, 2019
According to the company, the purpose of creating this platform is to provide users with objective trade data, this will contribute to better information, as well as the creation of new trading strategies in the derivatives market.
Andy Chung, who is director of operations at OKEx, noted:
“Trading in derivatives involves the acquisition of new knowledge and experience, since it is a question of using leverage and margin. As soon as we realized that the market doesn’t really have much data that could assist users in analyzing market trends, we decided to develop a tool that would benefit customers. For this reason, the release of this platform for big data. We are proud to be the first in the industry to provide this opportunity. ”
