OKEx plans to launch Tether futures with the possibility of margin trading

OKEx plans to launch Tether futures with the possibility of margin trading

According to The Block, citing a representative of the OKEx cryptocurrency exchange, the platform plans to launch futures on stable USDT stablecoin with the possibility of margin trading next month.

“We will keep you posted and let you know as soon as new details appear,” said the representative of the exchange.

Futures on USDT with the possibility of margin trading will allow traders to use borrowed money to increase their position. Accordingly, both potential profit and possible losses will increase. At the same time, OKEx has not yet disclosed the maximum leverage.

Recall that the previously cryptocurrency exchange Binance launched two platforms for trading cryptocurrency futures. In addition, Bitcoin futures trading on the platform for institutional investors Bakkt started yesterday.

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