The cryptocurrency change OKX has launched pre-market futures, which permit customers to commerce futures contracts with two-times leverage for upcoming tokens earlier than they’re bought to the general public.
Based on the corporate’s announcement, the brand new function permits merchants to have interaction with upcoming tokens even earlier than their official market debut. By providing futures contracts with leverage, OKX has promised to create a platform that opens up new avenues within the crypto buying and selling world.
The futures incorporate mechanisms from its expiry futures product, aiming to supply a greater expertise than conventional peer-to-peer (P2P) pre-market choices. This providing reportedly allows clients to commerce while not having to carry the underlying asset.
Talking concerning the new providing, OKX’s International Chief Industrial Officer Lennix Lai, stated: “Our distinctive method to aiding within the value discovery course of for early-stage tokens is backed by our sturdy danger engine and in depth expertise. By opening up new avenues to take part in crypto, we goal to make buying and selling extra accessible, environment friendly, and interesting.”
OKX’s Pre-Market Futures grants merchants early entry into the market, permitting them to have interaction in value discovery and capitalize on the preliminary buzz round new tokens. This function goals to supply superior liquidity in comparison with present P2P-based pre-market merchandise.
Enhancing P2P Pre-market Merchandise
Moreover, OKX’s new product guarantees decrease charges in comparison with different main P2P-based pre-market merchandise, making it an economical possibility for merchants trying to launch new token choices. The primary token accessible for Pre-Market Futures buying and selling is the HMSTR token from the Telegram mini-app recreation Hamster Kombat. This addition exemplifies OKX’s dedication to offering thrilling new alternatives for its customers.
