- OKEx is the second largest crypto exchange in the world in reported trading volume
- Genesis Vision managers will be able to carry out their trading on the OKEx exchange
- OKEx will also be able to facilitate futures trading.
Last week Genesis Vision announced a new partnership with OKEx, the second largest crypto exchange in the world.
Managers at Genesis Vision will be able to carry out their trading on the OKEx exchange, with almost 500 digital assets.
Futures Contracts to Be Taken Seriously
The futures contracts of OKEx are a big deal, allowing users to open long and short positions on various projects.
Futures is a great platform to use if you wish to bet on the market going up or down, but they can also function as a hedge. So, for the managers of Genesis Vision, they will be able to open the position they need when they need it.
In addition, for the Genesis Vision managers, trading Futures would allow them to also post margin and be able to use leverage. Through OKEx, they will have options of 10x-20x that they can use for leverage, allowing them to increase their purchasing power greatly. Isn’t that a sweet deal?
Spot and Futures Trading in One Package by OKEx
This single package will be able to provide its traders with a wide range of different trading strategies such as the following:
- Index arbitrage
- Triangle arbitrage
- Calendar arbitrage
- Statistical arbitrage
- Correlation trading
- Trending following
- And many more…
There is also the flexible trading fee system that OKEx calls, “volume-based maker-taker fee schedule”. In addition to this, the size of the fee gets adjusted based on the daily volume allowing the GV managers that are managing a substantial amount of collective funds to cut costs in a big way when it comes to the paying fees.