Key Takeaways
- OKX rolls out three new features for futures and perpetual contracts, aimed at enhancing position-closing and user efficiency.
- Users now experience unrestrained limits for closing orders in Hedge mode, along with the ability to tweak TP/SL orders effortlessly.
- These implementations further solidify OKX’s position as an innovative force in the cryptocurrency trading ecosystem.
OKX, a titan in the cryptocurrency exchange landscape, has taken a decisive leap. By introducing three groundbreaking features for futures and perpetual contracts, it has heighteed the position-closing process and bestow users with heightened flexibility and efficiency. These features, which took effect on June 19, 2023, reflect OKX’s commitment to constant innovation.
The first of these features is a game-changer – it eradicates the amount limits for closing limit/market orders in Hedge mode. This translates to users having the liberty to place closing orders with more adeptness and no constraints regarding the order amounts. Traders dealing in highly volatile markets will find this particularly beneficial.
The second feature is yet another boon for traders – it removes the amount limits for closing take-profit (TP) and stop-loss (SL) orders in Hedge mode. What’s thrilling is that users can now set multiple TP/SL orders, with each order matching their position size.
Unshackled by other orders, this will be a game changer! When the market hits the trigger price, OKX’s trading system will automatically place a closing order in tandem with the TP/SL amount and cancel any limit/market orders exceeding the user’s position size. This feature is an ode to efficiency.
The third feature, which is equally enticing, empowers users to modify their TP/SL orders on-the-go. No longer are users required to cancel and replace orders; they can effortlessly adjust the TP/SL price, amount, and other critical settings.
In addition to these, OKX had previously turned heads with the announcement of its P2P Marketplace, reflecting its relentless push to redefine the boundaries of cryptocurrency trading.
Overall, OKX’s new features are a testament to its commitment to fostering an environment of efficiency and flexibility, inevitably cementing its position as a luminary in the cryptocurrency trading sphere.
