OKX launches OKX Futures: Perpetual Futures replace Perpetual Swap Contracts
In addition to these developments, OKX has adjusted the position tiers of perpetual swaps and futures to enhance market liquidity and mitigate risks,
OKX has unveiled a significant update to its offerings with the launch of OKX Futures, a refined futures trading platform. This latest development from OKX marks a notable evolution in their service provision, catering to the dynamic needs of the digital trading realm.
Central to the revamp is the introduction of Perpetual Futures. These instruments are set to replace what was previously known as Perpetual Swap Contracts, yet they retain the core trading functionalities and pairings that users have grown accustomed to.
This change represents a strategic move by OKX to streamline its offerings while maintaining the robustness of its trading options.
OKX rolling out Expiry Futures
In addition to Perpetual Futures, OKX is rolling out Expiry Futures. Taking the place of what were formerly known as Future Contracts, these will be offered in varied durations – weekly, monthly, and quarterly. This flexibility is coupled with maintaining existing leverage options and pairs, ensuring that traders have a wide array of choices to suit their strategies and preferences.
The implications of these updates for traders are multifaceted. One of the most noticeable changes is the simplified navigation within the futures trading section of the OKX platform. This user-friendly interface enhances the user experience, making it more intuitive and accessible for traders of all levels. Furthermore, the standardization of market terms in line with common industry practices reflects OKX’s commitment to clarity and consistency in its services.
Significantly, OKX has ensured that there will be no changes to the API parameters. This decision underscores the company’s understanding of the importance of seamless integration for those utilizing automated trading systems. By maintaining stability in this area, OKX facilitates uninterrupted and efficient trading activities for its users.
OKX Futures is now accessible across various platforms, including web and mobile apps. Users can easily access this new feature by selecting “Futures” from the Trade menu on the OKX platform.
OKX adjusts position tiers of perpetual swaps and futures
In addition to these developments, OKX has scheduled an adjustment to the position tiers of perpetual swaps and futures. This adjustment, planned for December 18, 2023, between 8:00 am and 10:00 am (UTC), aims to enhance market liquidity and mitigate risks, further cementing OKX’s position as a forward-thinking and responsible player in the cryptocurrency exchange landscape.