OKEx Launches Real-time Settlement

World-leading digital asset exchange OKEx recently announced that it has launched real-time settlement for all perpetual swaps, futures and options contracts. 

This new feature is expected to provide a better trading experience for users, improve the capital efficiency of their funds and enable greater cross-exchange arbitrage opportunities, among other benefits.

As detailed in the company's official announcement, real-time settlements began at 8:00 am UTC on Dec. 29 on the popular ADAUSD perpetual contract. Moreover, the crypto platform plans to roll out the functionalities to other major currency pairs and financial instruments on the platform in the next few months. Real-time settlements will allow users to significantly improve fund utilization, as they can withdraw their profit at any time, without waiting for the 4:00 pm UTC settlement period every day.

Users can experience the real-time settlement function of the ADAUSD perpetual contract by using an API, web or the OKEx mobile app.

​Lennix Lai, the head of financial markets at OKEx, commented:"This is hugely beneficial to traders carrying out cross-exchange arbitrage, as they need to settle their profit in real-time across exchanges. It will also enhance capital management across the OKEx platform. We will start with the ADAUSD market as a trial and gradually launch other major tokens from early next month."

"We are constantly working on improving the user experience and making trading on the platform as intuitive and beneficial to traders as possible. By being able to withdraw their realized profit instantly and not having to wait for the settlement period, users can engage in more efficient strategies to maximize their capital. The introduction of real-time settlements is another key upgrade at OKEx, and we believe that it will be extremely popular among users," Lennix Lai added.