Bitcoin exchange OKEx offer users a new cryptocurrency derivatives is unlimited swaps. The product launch is scheduled for December 11. The representatives of the exchange said at the conference, NextGen.

Perpetual swaps constituted futures contracts without specific time-frames and with the possibility of closure at any time. In addition, traders will be available to 100-fold leverage.

The Commission for the funding will be charged daily at 9:00 UTC, and the funding rate will be updated at 8:59 UTC.

A new mechanism for the compulsory liquidation of open positions also involves a partial liquidation, to minimize the impact of treatments on the market.

We will remind, on the eve of the hard forks of Bitcoin Cash OKEx without warning shut down a few open futures positions at BCH for $135 million

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