Academy Press Room Article

OKEx Launches THETA/USD and THETA/USDT Perpetual Swaps, With Increased Maker Rebates

2020.06.16 Vivien

OKEx (www.okex.com), the world’s largest Bitcoin and Ethereum futures exchange, announced that THETA/USD and THETA/USDT perpetual swaps are live for trading from now, with a leverage level of 0.01-20x to fulfill the diverse demands of different traders. In addition, KNC/USD and KNC/USDT perpetual swaps will be available soon.

At the same time, in order to enhance the liquidity of the perpetual swap market, OKEx increased the maker rebates for all cryptocurrencies other than the 9 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX). The maker fee rates of all tiers have been lowered by 0.020 percent based on the current fee rates.

Regarding the development, CEO of OKEx, Jay Hao, said in a statement: 

“Offering a better trading experience for users is always one of the most important pursuits of OKEx. After listening to the community and observing the performance of THETA, we decided to launch the THETA/USD and THETA/USDT perpetual swap to further enrich our portfolio.”

Hao added: “Besides, we also reduced the maker fee rates, expecting to provide better liquidity. In the future, more high-quality tokens will be launched on the perpetual swap market.”

Theta is an open-source protocol built to power the decentralized streaming ecosystem. It allows decentralized apps (DApps) of multiple verticals to be built on the platform, including esports, music, TV/movies, education, enterprise conferencing, peer-to-peer streaming and more. Due to its technical advantages and practical value, the price of THETA has been relatively stable since landing on OKEx, hitting a new high in May of this year.

THETA 1-week chart. Source: OKEx

Apart from that, today OKEx also launched Spot Margin Trading and Savings for four tokens — THETA, NAS, SNT and XEM against BTC and USDT.

OKEx leads crypto derivatives markets

OKEx has shown itself to be a leader in the crypto derivatives sector. According to Skew data, in terms of the BTC and ETH markets alone, the average daily trading volume of OKEx futures and swaps exceeded $3.5 billion in June.

BTC Futures & Swaps – Aggregated Daily Volumes and Open Interest on OKEx. Source: Skew
ETH Futures & Swaps – Aggregated Daily Volumes and Open Interest on OKEx. Source: Skew

END


About OKEx

One of the world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swaps and options — with major cryptocurrencies, offering investors notable flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

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