OKEx has added four additional cryptocurrencies for margin trading against Bitcoin and Tether on its platform, including Bitcoin SV (BSV), DASH, NEO, and QTUM.
OKEx Margin Trading Expands Portfolio
According to data from CoinMarketCap, OKEx is the world’s second largest cryptocurrency exchange by means of traded volumes, second only to Binance.
In a more recent move, the platform has added four more cryptocurrencies available for margin trading. These include:
- Bitcoin SV (BSV)
- Dash (DASH)
- NEO (NEO)
- Qtum (QTUM)
The above cryptocurrencies are available for trade against Bitcoin (BTC), and Tether (USDT) on a margin which has a 3x leverage option.
Back in December, OKEx launched a bitcoin derivatives product called “Perpetual Swap.” It’s a peer-to-peer virtual derivative which has no daily settlement and no expiry date. It supports BTC/USD trading with up to 100x leverage.
Earlier this year, My Bitcoin News reported that Huobi, despite not being amongst the first largest cryptocurrency exchanges, has managed to earn $483 million in commissions during 2018’s bear market.
.This amount is far greater than OKEx reported gains of about $290 for the same period.
However, with OKEx adding more cryptocurrency derivative trading options, the platform is providing traders with an extended trading opportunity.
What do you think of margin trading? Share your thoughts in the comments below!