OKEx Crypto Exchange Adds Four New Margin Trading Pairs

cryptocurrency exchange

OKEx cryptocurrency exchange has added four new crypto derivative pairs to its trading platform. The exchange revealed in a press release shared with Smartereum on Tuesday, February 19 that it was introducing spot trading for pairs of Bitcoin SV (BSV), NEO, QTUM, and DASH.

“QTUM, BSV, DASH, and NEO will be available for spot trading on margin from 09:00 Feb 19, 2019 (CET, UTC+1),” the statement on its website read.

According to the announcement, the cryptocurrencies will be paired each with bitcoin (BTC) and Tether (USDT) making it a total of 8 pairs.

Further, OKEx announced that traders can choose a leverage level up to 3x for the newly introduced pairs. They are also eligible crypto savings platform OK Piggybank where the users can get daily interest on their spare coins.

The announcement comes on the back of recent similar introductions. A the start of the year, the exchange announced that it was adding pairs of Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP) which can support up to 40x leverage. OKEx also announced “perpetual swap” contract for BTC/USD trading pair with up to 100x leverage.

The exchange which moved to Malta last year is currently the second largest crypto exchange by adjusted trading volume. As reported, OKEx announced that its users can now deposit dollar-pegged stablecoins including Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), USD Coin (USDC). The stablecoins which were supported on the soon after the announcement are tradable against Tether (USDT) and Bitcoin (BTC).

Riccardo Lopp is a writer specializing in Crypto, ethereum and whole blockchain ecosystem. His background is in economics and statistics.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.