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OKEx Expands Perpetual Swap Offering by Adding THETA/USD and THETA/USDT Pairs

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The cryptocurrency derivatives and spot alternate large, OKEx has launched two new merchandise to additional develop its perpetual swaps portfolio. The platform has lately introduced the launch of THETA/USD and THETA/USDT perpetual swaps with elevated maker rebates to satisfy the rising demand for brand new buying and selling devices amongst its dealer neighborhood.

According to the announcement, the THETA/USD and THETA/USDT pairs went stay yesterday with a leverage stage of 0.01-20x. In addition to the 2 new pairs, OKEx has additionally taken steps to reinforce liquidity within the perpetual swap market by elevating the maker rebates for all supported cryptocurrencies apart from 9 main belongings (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV and TRX). The maker price charges on all tiers now stand decreased by 0.020 % based mostly on the present price charges.

The new updates additional strengthen OKEx’s place within the crypto derivatives market, the place it’s at present a pacesetter in BTC and ETH markets. The platform has managed a median each day buying and selling quantity of over $3.5 billion in futures and swaps in the course of the month of June.

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1592471996 966 OKEx Expands Perpetual Swap Offering by Adding THETAUSD and THETAUSDT

The CEO of OKEx Jay Hao, in his feedback in regards to the inclusion of recent perpetual swap merchandise mentioned, “Offering a greater buying and selling expertise for customers is at all times one of the vital vital pursuits of OKEx. After listening to the neighborhood and observing the efficiency of THETA, we determined to launch the THETA/USD and THETA/USDT perpetual swap to additional enrich our portfolio.” He additional added, “Besides, we additionally decreased the maker price charges, anticipating to supply higher liquidity. In the longer term, extra high-quality tokens shall be launched on the perpetual swap market.”

Theta is an open-source end-to-end blockchain infrastructure for decentralized video streaming and supply. It permits the event of DApps in a number of verticals together with esports, music, films and tv, schooling, enterprise conferencing, peer-to-peer streaming, and extra on its ecosystem. The real-world use circumstances of Theta and its technical benefit has ensured that the value of THETA token stays comparatively secure since its itemizing on OKEx.

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Other new launches on OKEx this week embody Spot Margin Trading and Savings for 4 tokens – THETA, NAS, SNT and XEM in opposition to BTC and USDT. Earlier final week, OKEx introduced a strategic partnership with Paxful, opening up each the platforms for OKEx and Paxful customers.

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