Ethereum Classic and Bitcoin SV futures contract to be launched on OKEx exchange

OKEx, a Malta-based cryptocurrency exchange which is responsible for $1.5 billion of volume per day on BTC futures trade, announced on Twitter that their Daily Settlement for Bitcoin SV and Ethereum Classic futures contract would be launched on 26th August, at 10 am [CEST, UTC+2].

The exchange had recently revealed its plans of launching Futures contract daily settlement, Adjusting perpetual swap settlement with funding time and Adjusting perpetual swap settlement schedule.

On their official link, the exchange released the launch dates of the other futures contract which included:

• TRX: Aug 22, 2019
• BSV, ETC: Aug 26, 2019
• XRP, BCH, LTC: Aug 28, 2019
• EOS, ETH, BTC: Aug 30, 2019

An important change indicated by the exchange was that the settlement frequency of perpetual swap would be altered to 3 times per day in comparison to the earlier order of 1 time per day. However, frequency of funding will stay the same with the option of 3 times per day.

The exchange also mentioned that in case of a sudden hike or slump, the implemented change might be altered and users will be notified with announcements.

At press time, OKEx was the largest exchange in the industry in terms of adjusted volume, which was recorded to be around 1.16 billion over the past 24 hours and a staggering 31.86 billion in the past 30 days.