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⏰ Time Stamps ⏰
4:52 What Are Derivatives?
6:58 OKEx Tutorial – How To Get Setup?
9:58 Getting Started With OKEx Futures
11:40 Perpetual Swaps On OKEx
15:23 Options on OKEx
17:48 Final Thoughts
🔗 Helpful Links 🔗
► My Video On Bitcoin Options & Trading Tips: https://www.youtube.com/watch?v=yDXB1jafqg4&feature=emb_logo
► Complete Guide To Using Leverage: https://www.coinbureau.com/education/cryptocurrency-margin-trading/
► Ultimate Guide To Crypto Options: https://www.coinbureau.com/education/cryptocurrency-options/
► OKEx Trading Fees & VIP Discounts: https://www.okex.com/fees.html
► Beginners Guide To Techinical Analysis: https://www.coinbureau.com/education/crypto-technical-analysis/
► OKEx App for iOS: https://apps.apple.com/th/app/okex-bitcoin-cryptocurrency/id1327268470
► OKEx App for Android: https://play.google.com/store/apps/details?id=com.okinc.okex.gp
❓What Is OKEx? ❓
OKEx is one of the leading cryptocurrency exchanges. Originally founded in Hong Kong in 2016, they made the strategic move to Valletta in Malta in 2018.
The original exchange was a spot crypto trading exchange that has expanded rapidly since its launch. It is available in over 100 countries and the BTC futures trading on OKEX recently surpassed $1.5bn per day in daily trading volume.
This means that OKEx’s derivative instruments are growing quickly in popularity. These include their plain vanilla futures, their perpetual swaps and their options. All of these are very useful tools for anyone that wants to potentially benefit from both the ups and downs of crypto prices.
🔮 What Are Futures 🔮
Futures are basically a contract that allows you to buy or sell an asset in the future at some predetermined price. This means you can go long or short on an asset like Bitcoin.
If I enter a long futures position with expiry in 3 months at a price of $8,000, it means that I am betting that the price of Bitcoin in one month is above $8,000. I can do this to enter into a short position too. The key thing here is that futures have a set expiry date.
► Hedge or profit from long or short positions.
► Max Futures Leverage on OKEx: 10x
💹 Perpetual Swaps 💹
These are basically a future that does not have an expiry date. In other words, they are rolling futures contracts where you can trade in and out of them at anytime.
► OKEx offers one of the largest ranges of perpetual swap trading pairs in the crypto space. This includes markets for: BTC, LTC, ETH, ETC, XRP, EOS, BCH, BSV, TRX, DASH, LINK & NEO.
► Max Perpetual Swap leverage: 100X
🛒 Options 🛒
Put simply, options are the right to buy or sell some asset at a predetermined price on some predetermined date. A Call option gives you the right to buy an asset and a Put option gives you the right to sell.
They differ from futures in that you have the right but not the obligation to exercise it.
► Offers chance of unlimited profit with limited risk.
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💤 The Boring Stuff 💤
50% trading fee discount:
► Only level 1 users are eligible for this campaign. API users are excluded.
► Only users who register to OKEx using our referral link can get the cashback.
► Users can only enjoy a 50% trading fee cashback during the first month of this campaign. Offer ends X.
► Cashback is limited to a maximum of $500 per user.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. Links to OKEx in this video description are affiliate links and Coin Bureau earns a small commission if you choose to use them.
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