<

OKEx notes a hefty increase in BTC options trading, meanwhile preparing its 11th IEO on the Jumpstart platform

Despite some bearish price fluctuations, the Bitcoin market remains very appealing to a lot of people. OKEx notes a hefty increase in BTC options trading, pushing it up the global rankings reasonably quickly.

BTC options remain popular on Malta-based exchange

Despite the Bitcoin price dropping pretty hard last month, it seems traders remain very hopeful. Those looking to have a safe trading experience seem to be drawn to OKEx these days. Their products cover a wide range of expiration dates and price options. Catering to as many people as possible is crucial to make a global impact.

In March of 2020, OKEx noted a hefty increase in trading volume. During the best day, roughly $43 million in BTC options were traded on the platform in 24 hours. This news comes on the heels of an excellent first month, launching the BTC options product.

In the first month, there was $176 million in trading volume on the platform. That is a very substantial amount and one that confirms there is a genuine demand for BTC options today. Combined with some tools to make trading more accessible and more transparent, it seems that OKEx is on the right track.

OKEx has been working hard on lowering the barrier to entry for options trading. While these contracts are often considered risky and complicated, OKEX has an options discovery system.

Through this tool, users will be guided through the entire process of getting acquainted with the product itself and how it will affect the user’s holdings accordingly. Moreover, users will also be presented with crucial aspects of their contract, including the risk, rate of return, and differences in cost.

All of this makes the trading of BTC options more natural to understand. Furthermore, there is the option calculator tool to give investors valuable insights into the profit, break-even point, and margin. These details are crucial to make a well-informed decision.

Overtaking its main competitor in the form of Deribit will pose a big set of challenges. That said, there is nothing wrong with growing slowly and steadily, as the trend needs to be sustainable as well. As the Bitcoin price continues to move sideways, it will be interesting to see how the BTC options trading industry evolves.

OKEx helps entertainment platform launch token

Malta-based OKEx, which operates a spot and derivative trading platform, will launch the sale of DEAPCOIN (DEP) on April 8. Token will promote the DEPA platform, and this is an entertainment ecosystem where users will have receive token rewards when playing free games and comics.

The platform will consist of several components, including DEA Bank, Game Company, Digital Art Auction, PlayMiner, and Creator. The second is where users will be able to get DEP.

OKEx CEO Alysa Xu explained:

“We are delighted to reach a partnership with DEAP and become the only platform to sell DEP token. DEAP shares the same vision with us that blockchain technology will be massively adopted as an essential tool for many industries.”

He emphasized that OKEx will focus on expanding its scope of activities in several areas, mainly supporting the integration of distributed ledger technology (DLT) with existing industries to generate larger synergies.

After the token sale, OKEx will list DEP / USDT and DEP / USDK on its spot trading platform. The total supply of DEP tokens is 30 billion.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS