OKEx, a Malta-based cryptocurrency exchange, has announced the launch of Perpetual Swap, a new crypto derivative product.
Perpetual Swap is claimed to be a virtual derivative that allows users estimate the future value of Bitcoin vs US Dollar, as per the OKEx’s index. Reportedly, the perpetual swaps don’t have expiration. According to sources, currently each swap contract posses an estimated value of $100 equivalent in Bitcoin. And, each swap features leverage in the range of 1x to 100x.
OKEx offers various tokens and futures trading pairs to allow traders to optimize their strategy. The digital asset exchange claims to serve users in more than 100 countries. The company believes that blockchain will remove the barriers and increase the efficiency of transactions.