Ouyi OKX Announces USDC/USDT Perpetual Contract Launch
According to the official announcement, the encryption trading platform Ouyi OKX will launch the USDC/USDT perpetual contract at 16:00 (HKT) on March 12, with a maximum leverage of 20 times.
Ouyi OKX will launch the USDC USDT perpetual contract
Analysis based on this information:
Ouyi OKX, the encryption trading platform, has recently announced the launch of their USDC/USDT perpetual contract. This launch is set to take place on March 12th at 16:00 (HKT), with a maximum leverage of up to 20 times.
The introduction of the new perpetual contract is expected to provide traders with greater access and flexibility in their trading activities. The USDC/USDT pairing is one of the most popular trading pairs within the cryptocurrency market, with the USDC (USD Coin) representing a stablecoin that is backed by fiat currency and the USDT (Tether) acting as another stablecoin that is pegged to the US dollar.
The perpetual contract will be offered with a 20x leverage, which will enable traders to amplify their positions by twenty times their initial investment. This means that there will be an increased potential for profit but also the potential for significant losses. Traders should be aware of the risks associated with high leverage before engaging in trading activities.
By offering traders the ability to trade perpetual contracts, Ouyi OKX is providing access to a trading instrument that enables traders to hold a position indefinitely, rather than trading the asset at a specific time or date. This perpetual contract is particularly useful for traders who are looking to hold a position for a prolonged period, as it eliminates the need to continually roll over their contract.
Overall, the launch of Ouyi OKX’s USDC/USDT perpetual contract represents a significant step towards providing traders with increased access and flexibility in their trading activities. With its high leverage and popular trading pair, the perpetual contract is expected to attract a wide range of traders and increase the overall volume of trade on the platform.
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