The cryptocurrency trade OKX has launched pre-market futures, which permit customers to commerce futures contracts with two-times leverage for upcoming tokens earlier than they’re offered to the general public.
Based on the corporate’s announcement, the brand new function permits merchants to interact 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 permits prospects to commerce without having to carry the underlying asset.
Talking in regards to the new providing, OKX’s International Chief Business Officer Lennix Lai, stated: “Our distinctive strategy to helping within the worth discovery course of for early-stage tokens is backed by our strong danger engine and in depth expertise. By opening up new avenues to take part in crypto, we purpose 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 interact in worth discovery and capitalize on the preliminary buzz round new tokens. This function goals to supply superior liquidity in comparison with current 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 a cheap choice for merchants trying to launch new token choices. The primary token obtainable 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.