OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement

The real-time settlement function went live on Dec. 29.

Jan 14, 2021 at 1:05 p.m. UTC
Updated Sep 14, 2021 at 10:56 a.m. UTC

Cryptocurrency exchange OKEx announced Thursday it has expanded its real-time settlement function and will include more coin-margined perpetual swaps.

  • OKEx launched the real-time settlement function on Dec. 29; it was initially only available with the trading of the ADA/USD swap.
  • The firm said it has added real-time settlement for the ALGO/USD, ATO/MUSD swap and 20 other coin-margined perpetual swaps on Wednesday.
  • For those unfamiliar with coin margined perpetual swaps, they are futures products margined and priced using a cryptocurrency.
  • Prior to the real-time settlement function, OKEx transactions were usually settled at 4 p.m. UTC daily. The update allows OKEx users to withdraw their profits at any time.

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