OKX crypto-exchange will exclude futures with Filecoin and Chainlink

OKX crypto-exchange will exclude futures with Filecoin and Chainlink

91
Author: Robert Strickland
Subscribe

OKX crypto-exchange will exclude futures with Filecoin and Chainlink
With such a measure, the platform thus plans to protect users from unforeseen risks

Crypto-exchange OKX announced the removal of futures contracts with Filecoin (FIL) and Chainlink (LINK): FILUSDT and LINKUSDT (including weekly, bi-weekly, quarterly and bi-quarterly contracts) at 10:00 a.m. MSK and 11:00 a.m. MSK on December 29, 2022, respectively.

OKX is a centralized crypto exchange founded in 2013 and registered in the Seychelles. It features more than 350 types of crypto-assets and 648 trading pairs. According to CoinGecko, the daily trading volume in the last 24 hours was $392 million.

The platform said in a statement that the liquidity of FILUSDT and LINKUSDT has deteriorated in light of recent market conditions. And to avoid unforeseen market risks and improve service for users, OKX will exclude these futures contracts.

The exchange warned users that the market could fluctuate sharply before excluding the futures and advised them to pay attention to risks, reduce leverage multiples or close positions in advance. It also published information about rule adjustments it had made to ensure the successful execution of existing futures contracts.

At the same time, OKX is launching margin trading and deposits in cryptocurrency TON starting December 28. Perpetual marginless swaps in a pair to TON/USDT will become available simultaneously at 10:00 . Margin leverage: from 0.01x to 20x.

Starting December 21, spot trading in the cryptocurrency exchange Binance BNB (BNB) has also opened on the OKH platform. The coin is traded on the platform in pairs to the stablecoins USDT and USDC.

 

-Testimony from former FTX executives and an SEC investigation. Highlights of the week

-Institutional Herald: Amber Group raised $300 million and Aztec raised $100 million

-"There are no prerequisites for growth." What will happen to bitcoin in the coming week

-FTT token rises 17% after Sam Bankman-Fried is released on bail

-SEC calls FTX case the beginning of crypto industry misconduct proceedings

-Nexo pulled out of negotiations to acquire Vauld

Other news

Bitcoin is growing without mass hype. When everyone starts talking about cryptocurrency
Traders in options are betting on Bitcoin to rise above $65,000.
How Bitcoin Halving Will Affect Its Price. Key Points from the Grayscale Report
Bitcoin has returned to growth and reached $45,000. What's next?
In London, the trial of the self-proclaimed creator of Bitcoin has begun.
One of the best months. What will happen to Bitcoin in February
Trustpilot