Blockchain

Malta Based Crypto Exchange OKEx releases Data Analysis Platform for Derivatives Trading

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OKEx, one of many malta based mostly digital asset trade, has these days launched a platform that can present a complete information insights platform which covers buying and selling tendencies for derivatives, studies stated.

As per the press launch, the platform will allow the customers of the trade to see real-time information on the trade’s futures and chronic swap markets. These embody high cryptocurrencies reminiscent of BTC, LTC, ETH, ETC, XRP, EOS, BCH, BSV, and TRX.

Aside from this, the platform offers its customers with six key indicators linked with the market tendencies. These embody lengthy/brief positions ratio, foundation, open curiosity, and buying and selling quantity, purchase/promote taker quantity, high dealer sentiment index, high dealer common margin used.

As per the announcement, the principle function of the platform which is named Futures & Perpetual Swap Market Knowledge is to offer unbiased buying and selling information for patrons in order that they’ll higher inform themselves and type higher and simpler buying and selling methods within the derivatives market.

Andy Cheung, who’s the pinnacle of operations at OKEx, said that derivatives buying and selling may very well be considerably laborious to select up:

“Derivatives buying and selling requires a steeper studying curve, because it entails using margin and leverage. As soon as we realized that there isn’t actually a lot information obtainable out there to assist customers analyze market tendencies, we determined to construct a instrument that may profit our customers. That’s why we launched this huge information platform, and we’re proud to say that we’re the primary within the business to offer this sort of information.”

Earlier than a number of days, Coinbase, one of many main cryptocurrency platform, that primarily features a crypto trade and pockets service, began offering buying and selling indicators to its customers on July 17.

Coinbase is outwardly utilizing mixed information to supply info on holder exercise, typical maintain time and recognition, and worth correlation as buying and selling indicators. These analytics import permits customers the power to type custom-made and knowledgeable buying and selling methods, which depend upon info past the uncooked worth and different primary information. 

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