Margin trading with Bitcoin SV, 3 other cryptos now enabled at OKEx

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Yet another exchange has enabled trading with Bitcoin SV (BSV) on its platform. On Tuesday, Malta-based crypto exchange OKEx announced that it has added four new crypto derivative pairs—BSV, as well as QTUM, DASH, and NEO.

Effective February 19, the four cryptocurrencies can be traded against Bitcoin Core (BTC) or Tether (USDT) on margin with up to three times leverage option on the OKEx platform.

QTUM, BSV, DASH, & NEO are now available on margin trading. Trade now with 3X leverage!https://t.co/0YAWmyK6Da pic.twitter.com/cu9nTkKPLV

— OKX (@okx) February 19, 2019

According to OKEx, the four crypto coins “will also be supported by our OK Piggy Bank,” an OKEx feature that allows users “to make daily profits even in the current market.” Users can transfer their spare tokens to the platform’s Piggy Bank, and these tokens will be made available for margin traders to loan. The exchange, in return, will make interest on the crypto it is lending out, most of which will be redistributed to OKEx users.

Tuesday’s announcement comes a month after OKEx added crypto derivative pairs including BSV, as well as Bitcoin Cash (BCHABC), EOS, Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Perpetual swaps for BSV are also available on the OKEx platform.

OKEx, considered to be the third largest crypto exchange by trade volume, joins other crypto platforms that have enabled trading with BSV. Voltaire.cash, the London-based cryptocurrency exchange, also rolled out its BSV/BCHABC market on Tuesday—marking “the beginning of a new era for Voltaire,” according to founder Semyon Germanovich.

Meanwhile, large payment gateway CoinPayments has also integrated BSV on its multi-cryptocurrency platform, bringing the crypto—the only one following the original Bitcoin protocol—closer to its goal of becoming the world’s new money used by millions of people, and the global public blockchain with professionalized engineering upon major enterprises can confidently build. CoinPayments, which was established in 2013, currently has over 2.2 million users across 182 countries.

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