OKEx recently announced the release of portfolio margin trade. The new mode will be available on the platform for API and high-volume professional traders.
It is the 4th account mode available under the OKEx system besides the multi-currency margin, single-currency margin, and simple modes. The modes render different uses based on the risk appetite and experience of the traders.
With such functionalities on display, the number of traders looking for an OKEx review quickly surged. The latest feature is designed to help market makers, institutions, and professional traders experience capital efficiency. In addition, the mode will be highly beneficial when trading crypto derivatives.
The existing trading modes charge margin as per the trader’s total position. However, the portfolio margin mode calculates the margin depending on risk exposure. Traders can significantly reduce the derivatives margin if traders hedge their positions better. It allows them to get optimal fund utilization.
OKEx has placed restrictions while deeming someone a qualified trader. Only those with 100,000 dollars or more in their OKEx account can access the portfolio margin mode through the web version or API. The platform plans to add the mode in its mobile app before December. Know more about the best crypto exchange in USA by clicking this link.
Here is how qualified traders can access the mode:
- Launch the OKEx trading account.
- Reach the dashboard by selecting ‘Trade’ and then ‘Margin Trading’ in the main menu.
- Choose ‘Account Mode’ to change the mode.
- Check the blue ‘Activate’ button specified under the portfolio margin to update the mode.
OKEx has also established a dedicated section to resolve queries related to the mode. Any concerned user can reach the OKEx team at [email protected]
With the crypto market blooming, OKEx’s new feature will help more traders enter the sector. Seeing how the platform is catering to veteran customers, the feature will undoubtedly bring hefty funds into the industry.