OKEx’s contract market records $2.4 billion in 24-hour daily trading volume

Malta-based digital assets exchange OK Exchange (OKEx) has recorded a huge $2.4 billion in 24-hour daily trading volume for its contract market.

OKEx offers comprehensive trading features such as token trading, futures trading, perpetual swap trading, and an index tracker.

It currently offers over 400 token and futures trading pairs, allowing users to optimise their trading strategies. Its customers are spread across over 200 different regions and countries.

OKEx is now reporting that it has recorded $2.4 billion in daily trading volume within a 24-hour period in its contract market.

According to official data, it has now “topped the industry globally”.

The exchange states that among its traders, 56% of them have gone “long” on Bitcoin, “reflecting the market’s optimism on the digital asset and overall environment”.

Reportedly, 85 days after launching its perpetual swap trading feature, OKEx has recorded $53 billion in total trading volume.

As the latest product in OKEx’s derivative lineup, the exchange’s contract market currently has nine types of contracts available for trading. These include Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), and Tron (TRX).

Andy Cheung, head of operations at OKEx, commented: “I am thrilled to see the number grow so significantly, bringing OK Exchange to the top among our peers and marking a new milestone for the business.

“It is encouraging that traders are positive and open-minded to the future of cryptocurrency. This really strengthens our faith going forwards. To maintain our leading position, we will ensure a trader-friendly environment for users to enjoy trading digital assets on OKEx.”

Interested in reading more OKEx-related news? Discover how the exchange welcomed Bitcoin Cash and Ripple to its customer-to-customer (C2C) platform.