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NASSAU, The Bahamas, Sept. 09, 2023 (GLOBE NEWSWIRE) — OKX, a number one crypto trade by buying and selling quantity and a number one Web3 expertise firm, has issued updates for September 9, 2023.
OKX to Launch Restrict Orders for Choices Based mostly on Implied Volatility (IV) and USD Value
OKX will launch restrict orders for choices based mostly on implied volatility (IV) and the worth of USD at 2:00 pm (UTC+8) on September 8, 2023 to boost the functionalities provided to choices merchants. This characteristic will first be launched on the OKX web site and shall be out there on the OKX app at a later date.
With the introduction of this characteristic, merchants will be capable to place a restrict order with an IV worth to specify the goal worth stage of their choices contract. The BTC/ETH costs of those orders shall be constantly up to date utilizing the Black-Scholes (BS) choices pricing components, making certain that the corresponding IVs of the orders stay near the degrees specified.
Equally, merchants can even be capable to place a restrict order with a USD worth to specify the goal worth stage of their choices contract. The BTC/ETH costs of those orders shall be constantly up to date utilizing the prevailing crypto index worth, making certain that the corresponding USD costs of the orders stay near the extent specified. The BTC/ETH costs of those orders shall be up to date each 3 seconds within the order ebook.
As well as, OKX has adjusted the forex utilized in choices buying and selling. Choices costs and order/place quantities will now not be displayed within the native forex chosen by merchants. As an alternative, these fields will solely be displayed in crypto or USD. The BTC/ETH worth index used because the underlying index for choices contracts can even now not be displayed within the native forex chosen by merchants. Solely the USD index of BTC/ETH shall be displayed.
To position a restrict order based mostly on IV or USD worth, merchants can examine the “Monitoring orders” field on the restrict order UI for choices. Merchants can proceed to put restrict orders for choices utilizing costs laid out in crypto (BTC/ETH).
To study extra, learn this site announcement.
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About OKX
OKX is a number one international crypto trade and modern Web3 firm. Trusted by greater than 50 million international customers, OKX is understood for being the quickest and most dependable crypto buying and selling app for merchants in every single place.
As a prime companion of English Premier League champions Manchester Metropolis FC, McLaren System 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX goals to supercharge the fan expertise with new engagement alternatives. OKX can be the highest companion of the Tribeca Pageant as a part of an initiative to convey extra creators into web3.
The OKX Pockets is the platform’s newest providing for folks trying to discover the world of NFTs and the metaverse whereas buying and selling GameFi and DeFi tokens.
OKX is dedicated to transparency and safety and publishes its Proof of Reserves on a month-to-month foundation.
To study extra about OKX, obtain our app or go to: okx.com
Disclaimer
This announcement is offered for informational functions solely. It isn’t supposed to offer any funding, tax, or authorized recommendation, nor ought to or not it’s thought of a suggestion to buy, promote, maintain or provide any providers referring to digital property. Digital property, together with stablecoins, contain a excessive diploma of danger, can fluctuate vastly, and might even grow to be nugatory.
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