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- The OKEx recently announced that it includeDASHUSD and DASHUSDT perpetual contracts on the website.
- The trading rules of DASHUSD and DASHUSDT are consistent with other currencies.
- To improve the transaction depth and market liquidity, OKEx will be providing the higher rebates for perpetual contracts in currencies.
OKEx: Exchange
OKEx is a cryptocurrency exchange based on the Republic of Malta and it is known to be the world’s largest cryptocurrency exchange in terms of turnover since May 2018.
The popular tokens it deals with are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS) and OKB (OKB).
OKEx: Perpetual Contracts
The OKEx recently announced that it includeDASHUSD and DASHUSDT perpetual contracts on the website APP and API at 15:00 Hong Kong Time (HKT) on March 11, 2020.
The details of contract introduction and fee rules are as follows
Contract Introduction:
Contract Underlying: DASH / USD Index
Settlement Coin: DASH
Contract Face Value: 10 USD
Price Quotation: Quote at 1DASH USD
Tick Size: 0.01
Leverage: 0.01～20
Funding Rate: Clamp (MA (((contract buy one price + contract sell one price) / 2-spot index price) / spot index price -Interest), -0.3%, 0.3%), where Interest is 0.
Trading Hours: 7 * 24 hours
Settlement Time: 16:00 (HKT) daily
DASH/USDT perpetual contract:
Contract Underlying: DASH / USDT Index
Settlement Coin: USDT
Contract Face Value: 0.1 DASH
Price Quotation: Quote at USDT price of 1DASH
Tick Size: 0.01
Leverage: 0.01～20
Funding Rate: Clamp (MA (((contract buy one price + contract sell one price) / 2-spot index price) / spot index price -Interest), -0.3%, 0.3%), where Interest is 0
Trading Hours: 7 * 24 hours
Settlement Time: 16:00 (HKT) daily
The trading rules of DASHUSD and DASHUSDT are consistent with other currencies and the contracts can be found in detail on OKEx – Currency Standard Margin Perpetual Contract User Agreement and Product Introduction and OKEx – USDT margin perpetual contract user agreement and product introduction.
To improve the transaction depth and market liquidity, OKEx will be providing the higher rebates for perpetual contracts in currencies other than the major cryptocurrencies (BTC/ETH/LTC /XRP/ETC/BSV/TRX/BCH).
