OKX cryptocurrency derivatives
OKX cryptocurrency derivatives trading platform is a popular cryptocurrency exchange with a focus on derivative products such as futures trading. The exchange also has its own token, OKB.
Investor Star Xu created the cryptocurrency exchange OKCoin in 2013, focusing on the Chinese market. In 2014, he created OKX, which is aimed at more advanced traders.
Due to China's tough stance on cryptocurrency exchanges, which has softened somewhat recently, OKX has moved to a country with far fewer regulations - Malta. However, the company is officially registered in the Seychelles.
OKX is the world's leading digital asset exchange platform, providing advanced financial services to global traders using blockchain technology.
The exchange was founded in 2014 and has since received millions of dollars in investments from leading businesses such as VenturesLab (co-founded by Tim Draper), Ceyuan Ventures, Giant Network Group, Longling Capital (founded by Chairman Meitu), Qianhe Capital Management, eLong Inc.
The foundation of the new project has attracted technology and business experts from the world's leading organisations. This enables it to offer users secure, stable and reliable trading services via Internet and mobile applications.
OKX crypto derivatives trading platform provides hundreds of trading tokens and futures to help traders optimise their strategy. OKX is one of the best digital asset exchanges by trading volume, serving millions of users in over 100 countries. BTC futures trade around $1.5 billion daily and is widely recognised as the gold standard for the industry.
OKX's mission is to introduce blockchain technology into the global trade market, which will remove barriers to transactions, increase the efficiency of transactions in society and ultimately have a significant impact on the global economy.
Features of the exchange
- Security: OKX derivatives trading platform provides a secure, reliable and stable environment for trading digital assets via web and mobile app, adopting GSLB, distributed server clusters and many other advanced technologies.
- New product development: OKX develops products in line with customer needs and offers, offering the best OKX crypto derivatives trading experience available in the industry.
- Own token - OKB, which entitles you to discounts on the platform. Likewise, starting in April 2018, all coin holders will receive a 50% return on fees on the platform. The rewards will be distributed in proportion to the number of coins in the user's wallet.
The platform's projects
OKX is not just an exchange, but an entire blockchain platform that is developing the financial sector. OKX has launched several projects to this end.
OK Blockchain Capital is an investment and financial institution.
This project advises on investments and launches its own cryptocurrency projects.
OK Blockchain Capital provide:
- Blockchain consulting - tailor-made professional advisory services on the application of blockchain technology according to your company's products or services and the required business model.
- Technology support - with years of blockchain research and development experience, the best development team can provide you with the best solutions for your project and help solve any technical difficulties.
- Capital raising - OK Group spends over $100 million to create a start-up fund that works closely with leading digital assets in the industry to raise capital for potential blockchain projects.
- Marketing - An extensive global database and expertise in marketing and operations will provide everything you need to market your company and products.
Trade on OKX - the ability to trade your assets on OKX will help your business raise more capital for the projects you want to pursue.
OKX Global Partner - Global Partner Program
OKX is looking for partners to promote the adoption of blockchain technology in the financial sector and to engage more and more members of the community.
To this end, the team has launched a project - OKX Global Partner. Participation in it gives 5 exclusive benefits:
- Rewards of up to 80%;
- Certificate of Recognition as a great partner;
- Priority for participation in offline events;
- Priority for testing new products;
- Participation in partner impact rankings.
To receive these benefits and to participate in the programme you have to fulfil a number of obligations:
- Promoting OKX beliefs and business globally (or in your country of residence);
- Team building and prospecting for potential users;
- Helping users and improving products;
- Promoting ethical and moral trade.
To become a member of the programme you must:
- Have at least 5,000 OKB in your account.
- Strong management experience.
- Ability to develop a regional business.
- Have extensive experience in the blockchain industry.
- Have a registered company, i.e. be a legal entity.
OKX Prime Investors ProListing decision: impact on the bottom line.
OK Blockchain Capital: Opportunity to participate in the life of the project.
Prime Investors Club: network with other investors.
You can become a premier investor if you are an experienced, credible investor and your company (or yourself) is known in the blockchaingram - a programme for investors.
OKX launched the Prime Investors Programme on 10 May 2018 to attract more highly qualified token projects and to build the first blockchain ecosystem and digital asset trading platform that brings together multiple resources, including professional investors and blockchain projects.
Prime Investor Privileges:
- Priority review: you can vote on potential projects industry (media, investment institution/individual, blockchain research institution);
- You own 500,000 OKBs;
- You are not a core member of any token project.
OKX Prime Investors Program - a programme for investors:
- You are an experienced, credible investor and your company (or yourself) is known in the blockchain industry (media, investment institution/individual, blockchain research institution);
- You own 500,000 OKBs;
- You are not a core member of any token project.
The platform's advantages include:
- Fiat trading - A reliable platform with an easy-to-use user interface that allows professionals to trade tokens for fiat money.
- Token Marginal Trading - Trade over a hundred different tokens, including Bitcoin, Ethereum, and Litecoin, with the option to leverage your trades.
- Futures Trading - Using futures trading, arbitrage, and risk hedging, you can increase the stability of your revenue.
- Index Tracker is a single transaction that allows you to buy and sell a portfolio of tokens. Invest in a low-volatility index for long-term benefit.
- OK Blockchain Capital - All-in-one services for blockchain entrepreneur groups and projects.
After bitcoin attracted public attention in 2017 and a lot of money started pouring into it, its value started to increase. Against this backdrop, rumours began to emerge that a new trading instrument, bitcoin futures, would be introduced on prominent commodity exchanges.
This news did not remain a rumour, and at the end of 2017, Chicago's CME and CBOE exchanges began trading bitcoin futures. This event made a lot of noise among the crypto community, because on the one hand bitcoin was recognised as some kind of instrument, but on the other hand its value is now influenced by big players.
Since then, cryptocurrency traders have been waiting every month for the event when bitcoin futures will be executed, as this event can strongly influence the change in the digital gold's price.
After seeing a positive trend in the containment of the price of BTC, exchange representatives decided to add futures on new currencies. Possible candidates include Ethereum and Litecoin.
Main types of OKX cryptocurrency derivatives are distinguished:
- Futures contracts. A futures contract is a financial contract between two or more parties in which an underlying asset, in our case a cryptocurrency, is sold or bought at a certain date in the future but at a price set in the present time.
- CFD (Contracts for Difference). A CFD is an agreement based on an underlying cryptocurrency that contracts to pay the owner the difference between the price of the underlying asset at the start of the contract and the price at the end of the contract. When you open a CFD, you speculate on whether the price of the cryptocurrency will rise or fall. When the contract is liquidated and your price predictions are wrong, you will incur a higher loss because it is a leveraged product.
- An ETF (Exchange Traded Funds). ETF is a derivative contract that tracks the price of a specific cryptocurrency or group of cryptocurrencies. Traders can diversify their portfolio with an ETF without actually buying or owning the assets that the ETF tracks.
- Swaps are a type of crypto derivative that allows the parties involved to exchange cash flows from two different financial assets. For example, at some point in time, one party can switch an undefined cash flow, such as a floating interest rate, to a defined cash flow, such as a fixed interest rate. Swaps can be made with both interest rates and the underlying currency.
Registration on the OKX exchange
To start trading OKX crypto derivatives you need to register.
To register, the first thing you must do is go to the official website of the exchange, and click on the "Sign Up" button on the top bar of the website.
After that, a registration window will open in front of you, each line of which you will have to fill in. It is important to note that when registering a new OKX account, you will need to link your phone number. Initially you have to choose your country, then enter your phone number in order to follow this procedure. After you press "Send SMS", in 1 minute you will receive code that you must enter into corresponding field.
After that, you need to come up with a password, which should consist of characters, the number of which can vary from 6 to 32. Repeat the password, tick the two checkboxes, click the big blue "Sign Up" button, and voila, you are registered.
In order to proceed immediately to account verification, you must click on the "Verify Now" button. Account verification To start verifying your account, you will need to select your nationality, after which the verification field will be changed to fit you.
The next stage of verification, will be to complete an extended user form, at the end of which you will need to upload a photo of your documents and your passport spread in your hands. But in case this process is difficult for you, you can skip it and go straight to work. Although, we advise you to verify your account.
Not verified account differs from any level of verified account only in the ability to fund the exchange account with fiat money. All other features remain unchanged.
Are OKX derivatives worth using?
Positive points of OKX derivatives trading that may attract you to use the services of this resource:
- Wide range of instruments for OKX cryptocurrency derivatives trading, large variety of cryptocurrencies;
- Ability to trade futures;
- Users can use leverage in their operations;
- Good liquidity, high cryptocurrency trading turnover;
- Easy and convenient way to pass verification, good security system.
Try OKX and discover great opportunities on the exchange now!