OKEX, one of the largest cryptocurrency exchanges by trading volume, has announced the implementation of a change in the settlement time for futures contracts from 10am every Friday to 10am every day (CEST, UTC+2).

Why the sudden change?

Before the changes were implemented, futures trading forced customers to only see profits and losses when a position was closed every Friday, not letting customers to transfer the realized profits of their accounts before said settlement, locking away their funds for a week. With the recent improvement made by OKEX, customers will now be able to see daily settlement, allowing them to make better use of their funds by delivering a better trading experience. 

With these changes, customers will finally be able 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

Enhancing Derivatives Market With Big Data

OKEx is working very hard on perfecting the derivatives markets. The Futures and Perpetual Swap Trading Market Data platform will help customers to be better informed for making the right trading decision. 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.

Feedback Is Welcome

OKEx values customer feedback — whether good or bad, compliments or criticisms. By seamless communication with the market, a fair, neutral crypto marketplace can then be built.