Crypto Exchange OKEx Launches XRP and Ethereum Classic Futures

The crypto market looks good today, with the most important digital assets trading in the green.

The cryptos are struggling to recover after the recent drops in the price of Bitcoin (BTC).

At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced at $7,432.45.

Despite the massive volatility in the crypto market, there are various optimistic predictions regarding the price of BTC and the other digital assets that keep popping.

Crypto adoption also went great during 2019, despite high price fluctuations.

OKEx introduces XRP and Ethereum Classic futures

OKEx introduces XRP and Ethereum Classic futures contracts. This is the largest crypto derivatives exchange in the world, says data from CoinGecko.

Both XRP and Ethereum Classic futures are settled in USDT and users have the ability to trade weekly, biweekly, and quarterly contracts.

The online publication the Daily Hodl writes that OKEx also offers Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC), and Bitcoin Cash (BCH) futures contracts.

These are available for trading on the exchange’s USDT-margined futures market. Just in case you don’t know, this went live on November 14, 2019.

After the launch, OKEx CEO Jay Hao stated the following:

“The simulation of our USDT Futures Contract was very successful, and we received positive feedback from traders in the OKEx community…We’ve developed a safe, reliable, and stable environment for cryptocurrency trading, and strive to offer new services based on our customers’ interests.”

Hao continued and explained that “We’re excited to add USDT linear contract to our Futures market and next on the Perpetual Swap market to meet the interests of our growing international user base.”

It’s also worth noting that according to the online publicaiton mentioned above OKEx plans to support futures trading for Tron (TRX) and Bitcoin SV (BSV) in the future.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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