Blockchain
OKEx Launches USDT-margined Perpetual Swap Trading
OKEx (www.okex.com), the world’s largest futures cryptocurrency exchange, is set to launch the USDT-margined Perpetual Swap Trading, a linear contract, on December 16, 2019, after the recent launch of USDT Futures Trading. While it allows users to long or short a position to profit from or hedge against the rise or decline of a digital asset’s price, there is no contract expiry nor the need for roll-over. USDT-margined Perpetual Swap offers 9 types of trading pairs including BTC, EOS, ETC, ETH, LTC, BCH, BSV, TRX and XRP with a leverage level of 0.01-100x to maximize users’ trading strategy.
OKEx Perpetual Swap, one of the most popular derivative products of its portfolio throughout the year, is a synthetic margin trading instrument that saves traders from the hassle of re-opening new positions and paying extra transaction fees for a new contract, making it an ideal instrument for long-term investment or risk hedging. Upon its launch, the trading volume of the never-expiring contract has continued to break its record high thanks to its well-received highly leveraged nature. The USDT Perpetual Swap is quoted and settled in USDT digital tokens, and each contract has a face value of fixed amount of digital token with no expiry date.
Key features of OKEx USDT-margined Perpetual Swap Trading include:
- No contract expiry
- Leverage level: 0.01 to 100x
- Supported pairs: BTC, EOS, ETC, ETH, LTC, BCH, BSV, TRX and XRP
- Daily Settlement
“OKEx has been at a stage where we kept evolving. We received great response from users after the launch of USDT futures trading last month. It has been a good example of us demonstrating our commitment in cultivating a good vibe in the derivatives space,” said Jay Hao, CEO of OKEx. “Our goal is to provide a one-stop shop for professional and retail traders, offering both spot and derivatives product portfolio at one place. We’re always working to meet the needs of users in a shifting global economy and cryptocurrency ecosystem.”
OKEx has adopted an enhanced risk management system for derivatives, which includes:
- Mark Price — Well-established mark price system to effectively avoid huge fluctuations and unusual liquidation
- Tiered Maintenance Margin Ratio (TMMR) System — to avoid liquidation of large positions and its after-effect on market liquidity
- Forced Partial Liquidation Mode — to eliminate the market impact caused by many liquidated orders
USDT Perpetual Swap Simulation
From now to December 11, 2019, users can try out the trading simulation to get familar with BTCUSDT, ETHUSDT and EOSUSDT perpetual swap and get a chance to win daily and grand prizes, totaling 50,000 USDT up. Participant can obtain virtual money of 10,000 USDT each to the Perpetual Swap accounts for trial trading, i.e. 30,000 USDT in total. The virtual money is only for USDT-margined Perpetual Swap Trading and cannot be transferred or withdrawn.
SOURCE OKEx
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain Press Releases5 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
