OKEX has been changing the settlement time for futures contracts from 10am every Friday to 10am every day (CEST, UTC+2).
Why making such changes?
By implementing the daily settlement, it will allow customers to make better use of their funds, hence delivering a better trading experience. In futures trading, profits and losses are realized when a position is closed. However, customers are not able to transfer the realized profits of their accounts before the settlement. Their funds are locked away in the futures account until the settlement on Friday.
The implementation of said changes will give customers the opportunity to freely move their funds in and out of their futures account without waiting until Friday.
The release (migration) schedule is as follows:
TRX, BSV, ETC: Effective immediately
XRP, BCH, LTC: Aug 28, 2019
EOS, ETH, BTC: Aug 30, 2019
More Improvements To Be Implemented
OKEx has been working very hard on perfecting the derivatives markets. With the launching of the Futures and Perpetual Swap Trading Market Data, the platform will aim to help customers be better informed for making their trading decisions. Learn more about the new feature here.
In response to customers’ demands, stay tuned to a series of algo orders for both futures and perpetual swap trading.