OKEx Tops Global Crypto Derivatives Market by Daily Trading Volume

OKEx, a Malta-based world-leading digital asset exchange, recorded a breaking number of 24-hour trading volume in contract market at USD2.4 billion, according to the official data, topping the industry globally. Among its traders, 56% of them go long on Bitcoin (BTC), reflecting the market’s optimism on the digital asset and the overall environment.

On the other hand, 85 days after its launch, OKEx’s perpetual swap recorded over USD53 billion in total trading volume. As the latest product in OKEx’s derivatives lineup, it currently has nine types of contract available for trading at the moment.

  • BTC, ETH, EOS – contract face value of USD100-equivalent and feature 1-100x leverage
  • BCH, BSV, ETC, LTC, and XRP – contract face value is USD10-equivalent and feature 1-40x leverage
  • TRX – contract face value of USD10 with 1-20x leverage

“I am thrilled to see the number grow so significantly, bringing OKEx to the top among our peers and marking a new milestone for the business. It is encouraging that traders are positive and open-minded to the future of cryptocurrency. This really strengthens our faith in going further,” said Andy Cheung, Head of Operations of OKEx. “To maintain our leading position, we will ensure a trader-friendly environment for users to enjoy trading digital asset on OKEx.”

Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

Author: Yash Hirani

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