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What are the characteristics of OKEx's perpetual contract products?
Perpetual contracts on OKEx provide traders with high leverage, enabling them to maximize potential profits, but caution is advised as it can also amplify losses.
Oct 22, 2024 at 04:05 am
- High leverage: Traders can trade perpetual contracts with up to 125x leverage, which allows them to potentially multiply their profits. However, it is important to note that high leverage can also magnify losses, so traders should use it cautiously.
- No expiration date: Perpetual contracts do not have an expiration date, so traders can hold their positions for as long as they want. This gives them the flexibility to trade the market without worrying about their positions expiring.
- Low fees: OKEx charges low fees for perpetual contracts, which makes them an attractive option for traders. The trading fee is 0.02% for both makers and takers, and there is no additional fee for funding.
- Wide range of trading pairs: OKEx offers a wide range of perpetual contract trading pairs, including BTC/USDT, ETH/USDT, LTC/USDT, and XRP/USDT. This gives traders the flexibility to trade a variety of different cryptocurrencies.
- Advanced trading features: OKEx offers a number of advanced trading features that can help traders improve their trading performance. These features include stop-loss orders, take-profit orders, and trailing stop orders.
- Real-time market data: OKEx provides real-time market data that helps traders make informed trading decisions. This data includes the latest prices, order book depth, and trading volume.
- Mobile trading: OKEx offers a mobile trading app that allows traders to trade perpetual contracts on the go. This app is available for both iOS and Android devices.
Overall, OKEx's perpetual contract products offer a number of advantages that make them an attractive option for traders. These advantages include high leverage, no expiration date, low fees, a wide range of trading pairs, advanced trading features, real-time market data, and mobile trading.
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