RATE Group | OKEx Partners With Bain-Backed Crypto Exchange to Launch Leveraged Futures in India
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OKEx Partners With Bain-Backed Crypto Exchange to Launch Leveraged Futures in India

15 Feb OKEx Partners With Bain-Backed Crypto Exchange to Launch Leveraged Futures in India

Posted at 07:51h in Cryptocurrency News by

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An Indian cryptocurrency exchange has partnered with Malta-based trading platform OKEx to offer futures products specifically for the subcontinent market.

Mumbai-based CoinDCX announced Friday the strategic partnership will help it develop a new derivative facility – known as DCXfutures – in return for providing OKEx with a foothold in the Indian market.

Using CoinDCX’s new derivatives facility, Indian investors will be able to trade futures, with leverage of up to 15x provided by OKEx on nine cryptocurrencies including bitcoin (BTC), ether (ETH), XRP (XRP) and litecoin (LTC). Available to both institutional and retail investors, the platform will also offer perpetual futures contracts in both bitcoin and ether.

The partnership with CoinDCX – which is backed by an undisclosed amount from investors including Bain Capital – provides OKEx with insight, liquidity and connectivity to the rebounding Indian cryptocurrency scene, according to the announcement.

During the 2017 initial…

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