OKEx cryptocurrency derivatives
What is OKEx?
OKEx is the largest Hong Kong exchange, serving millions of customers around the world and enjoying consistently high trading volumes.
Free cash flow, efficient transactions and financial independence - OKEx's mission is to develop new technologies and launch new products that will change the world. The exchange is constantly evolving: the listing is expanding, new trading instruments are added, support for fiat, it is planned to launch its own decentralized exchange, etc.
OKEx crypto derivatives trading platform is currently ranked among the top 5 largest cryptocurrency exchanges in the world.
What are crypto derivatives?
A derivative is a financial agreement about the future price of a security, cryptocurrency, product or service. The subject of such a contract is called the underlying asset. Sellers and buyers of derivatives do not own the underlying assets, but sell and buy the right to execute the contract.
In the same way as on the classic stock exchange, crypto traders make money on changes in the price of the underlying asset. Since the future market price of the underlying asset is unknown, all traders assume the risk. If at the time of the execution of the contract the goods have fallen in price, then the seller receives the profit, and the buyer remains at a loss. If the price of the goods has risen, then the buyer remains the winner.
To increase earnings, a trader uses leverage - a loan provided by the exchange. The leverage is proportional to the deposit that the trader has made. Thanks to this, a trader can make transactions for large amounts. Leverage varies by exchange. Most exchanges provide leverage with a commission.
One of the popular platforms is the OKEx crypto derivatives trading platform. Crypto derivatives trading is also available on OKEx with leverage.
There are four types of derivatives that are actively used by traders in both the classic stock market and the cryptocurrency market. This:
According to experts, the derivatives market allows an investor to more efficiently manage a portfolio. Derivatives are great for hedging risks (which is why they were created). And the margin introduced into the contract allows you to increase your profit in a successful combination of circumstances.
One of the important advantages of derivatives is the need to deposit only a certain part of the principal amount, which allows you to pay less than for the purchase of a real share, bond, etc.
Derivatives also offer broader market opportunities. The emergence of such instruments on the cryptocurrency market has become a logical continuation of the development and formation of the digital money market.
What is crypto derivatives exchange?
The Crypto derivatives exchange is a trading platform where, in addition to spot trading, cryptocurrency derivatives are available to traders. These exchanges include OKEx. It is one of the world's leading cryptocurrency derivatives exchanges.
The platform also provides traders with the ability to trade leveraged derivatives, i.e. using borrowed funds.
Crypto derivatives trading was first launched by leading Chicago-based exchanges CBOE and CME at the peak of a bull market in 2017. And this was one of the turning points in the history of cryptocurrencies. Today, many trading platforms offer trading in futures, options and other derivatives.
How does cryptocurrency derivatives trading work?
Working with derivatives for cryptocurrency does not differ from trading derivatives for classic trading instruments. Traders can also trade both ways and bet both on the rise and fall in the value of the underlying asset. This expands the opportunities for making a profit through the use of various trading strategies.
Also, when trading derivatives to increase income, a trader can use leverage. On cryptocurrency exchanges, the amount of leverage most often depends on the selected asset and is proportional to the deposit made.
How to trade OKEx derivatives in the Philippines
The first step to getting started with OKEx crypto derivatives in the Philippines is to complete the registration process. After that, the trader will have access to all trading instruments presented on the OKEx platform.
It should be understood that you are trading high-risk assets, therefore, before trading on the OKEx crypto derivatives trading platform, you must consent to the use of these instruments. Only then will you be able to access OKEx derivatives trading.
Why do traders choose OKEx cryptocurrency derivatives in the Philippines? Because this platform has been operating on the market for a long time and has proven itself only on the positive side. The platform is consistently among the top 5 largest exchanges in terms of trade turnover. This is another compelling argument for considering OKEx derivatives in the Philippines.
How to register?
The registration process on the OKEx derivatives trading platform is very simple. You can register in three ways:
- Via mobile app;
- Via Telegram;
- Through the desktop version.
Detailed instructions on how to register on the OKEx derivatives trading platform using each of these methods are presented on the exchange website. But you will hardly need instructions, since the registration process is very simple and intuitive. Registration consists of only 2 steps.
How to open a demo account
Immediately, we note that not all exchanges provide the ability to trade on a demo account. Therefore, having such a feature on the OKEx cryptocurrency derivatives trading platform is an important advantage. After all, a demo account is important not only for beginners, but also for experienced traders.
A demo account helps beginners get used to the platform and learn how to work in the market. Professional traders on a demo account test and improve their trading strategies without risking real money.
Therefore, if you are fond of a demo account then the choice in favor of OKEx derivatives in the Philippines is quite obvious. You can learn to trade and test trading strategies without losing your own funds.
To open a demo account with OKEx cryptocurrency derivatives in the Philippines, no additional steps are required. A demo account opens automatically.
How to open a real account
A real account on the OKEx cryptocurrency derivatives trading platform is opened immediately after registration. Once you have funded your account, you can immediately start trading OKEx derivatives in the Philippines.
How to replenish a deposit?
To fund your trading account with OKEx cryptocurrency derivatives in the Philippines, you need to do the following:
- open the "Assets" section and click the "Replenish" button;
- choose currency and deposit network;
- select an account: Funding Account or Trading Account.
On the OKEx cryptocurrency derivatives trading platform, funds to a trading account are also available via a mobile application. As you can see, OKEx derivatives trading platform offers a fairly convenient service.
You can quickly deposit funds and trade OKEx derivatives in the Philippines.
Minimum deposit amount
The minimum deposit depends on the currency in which you fund your trading account. When depositing Bitcoin, the minimum amount is 0.00005 BTC.
How to withdraw money?
Withdrawing funds is as easy as depositing funds.
To withdraw funds, you need to open the "Assets" section and click the "Withdraw" button.
Next, you should open the "Withdrawal" and select the withdrawal currency and click the "Continue" button.
Enter the wallet address of the withdrawal, indicate the amount and start the withdrawal process.
OKEx derivatives list
A large list of OKEx derivatives in the Philippines is available. At the same time, new tools are regularly added to the list, so you can familiarize yourself with the current list on the OKEx website. There is also information on commissions.
How does OKEx crypto derivatives trading work?
On OKEx derivatives trading is available in the Trading section. To start trading, you must select "Margin trading".
In this section, you can select the type of derivatives and the trading instrument you want to trade.
Alternatives to OKEx cryptocurrency derivatives
Currently, there are many platforms that offer the ability to trade cryptocurrency derivatives. The most popular of these is Binance.
OKEx derivatives trading platform is inferior to Binance in terms of intraday turnover, but remains stable in the top 5 exchanges.
OKEx cryptocurrency derivatives FAQ:
Can you trade derivatives on OKEx?
On the OKEx platform, derivatives trading are available to all registered customers.
Does OKEx have crypto derivatives?
Yes. The entire list of instruments is presented on the OKEx website.
What are derivatives on OKEx?
Swaps, perpetual swaps, futures and options are available on OKEx.
What is crypto futures?
Futures is a contract for the purchase of an asset in the future at a price fixed at the time of the transaction. In this case, the underlying asset of a future is a cryptocurrency.
Can you trade Bitcoin futures?
Yes, Bitcoin futures trading is available on the OKEx crypto derivatives trading platform.
What are perpetual swaps?
Perpetual Swaps have no expiry date.
What are crypto options?
Cryptocurrency options are a type of derivative contract that gives the buyer the right to buy or sell an asset at a specified price on a specified date. A call option grants the right to buy; put option - the right to sell.