Crypto Trade OKEx confirms launch of Tether Margin Futures in October

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Cryptocurrency change OKEx plans to launch Tether (USDT) futures margin buying and selling in October, the corporate confirmed on September 23 in an e mail to Cointelegraph.

An OKEx spokesperson stated that Tether futures are scheduled to be launched subsequent month, though the precise launch date has not but been set. They defined:

“We plan to launch USDT margin futures. However at this stage we need to launch in October and we’re nonetheless awaiting the precise launch schedule. "

As a Cointelegraph reported earlier as we speak OKEx refuted new allegations of manipulative practices equivalent to wash-trading on its platform.

Crypto futures merchandise are seeing rising demand

In August there was once more a big Binance grant announced that the platform will launch futures buying and selling this month.

It has been like that ever since reported Earlier this month, the each day buying and selling quantity in Binance futures markets exceeded greater than $ 150 million, though the platform continues to be in invite-only mode.

Lastly, the Chicago Mercantile Trade Group is adding choices for his Bitcoin (BTC) futures contracts within the first quarter of 2020, pending regulatory revision. Tim McCourt, the corporate's Head of Fairness Index and Different Funding Merchandise, cited the rising demand from clients and powerful progress within the Bitcoin futures market.

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