Share this article
OKEx Launches Crypto Futures Settled in Tether Stablecoin
The crypto exchange will soon offer futures contract trading for a number of crypto pairs including BTC, ETH, BCH and XRP.
Updated Sep 13, 2021, 11:38 a.m. Published Oct 29, 2019, 11:07 a.m.
Cryptocurrency exchange OKEx is to launch a range of cryptocurrency-based futures contracts settled in the stablecoin tether .
The exchange will support USDT pairs including bitcoin , ether , , EOS, XRP, and with leverage between 1 and 100x when trading commences on Nov. 6, according to a press release issued Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm claims its linear futures contracts will be easier for newbie traders to handle, as holders do not have to hedge the margin risk as they would with inverse contracts.
“Most of the time, users are not willing to hold altcoins as margin, and they also see inverse contracts itself are complicated to understand. We see this linear contract would be an open door to many new retail traders,” said OKEx's financial market director, Lennix Lai.
A stablecoin linked (or supposed to be) to the U.S. dollar, tether hasn't yet been widely used as the basis for futures contracts, though CoinFLEX announced a similar product in January.
OKEx said it will continue looking into adding more stablecoin-based trading products in the near future. "We would continue to research and add stablecoin-based derivatives so to offer a simpler hedging instrument for traders who normally book their profit and loss in USD value," Lai added.
To ensure price fairness across the market, OKEx's tether futures contracts will be an average of cryptocurrency exchanges Huobi, Coinbase, Bittrex and Binance's tether spot prices. Contract settlement will occur daily at 8:00 UTC.
Tether image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
Yang perlu diketahui:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
