OKEx (now rebranded as OKX) offers traders a sophisticated ecosystem for cryptocurrency derivatives trading. A common question among users is whether its spot and futures trading features include automatic leverage. Below, we break down OKEx’s trading mechanics, risk management, and unique tools.
Key Features of OKEx Trading
Borrowing Mode:
- Users can borrow assets directly to trade multiple cryptocurrency derivatives without converting between coins.
- Customizable dashboards allow personalized layouts for charts, order depth, positions, and assets.
Risk Controls:
- Two-tiered validation: Pre-liquidation checks and risk cancellation mechanisms minimize losses during volatility.
- Unified margin accounts enable cross-currency collateral (e.g., using BTC as margin for ETH contracts).
User-Friendly Options:
- Beginners can opt for Simple Trade Mode, which disables leverage to reduce risks.
FAQs
❶ Does OKEx provide automatic leverage?
No—leverage must be manually selected per trade (e.g., 10x for futures).
❷ What’s OKEx’s approach to market crashes?
Its "Pre-Liquidation" system proactively warns users to add funds before forced closures.
👉 Explore OKEx’s advanced trading tools
❸ How does OKEx handle asset transfers?
Transfers between wallets/exchanges may take 10–30 minutes due to blockchain confirmations.
OKEx’s Market Position
- Derivatives Leader: Ranked #1 by open interest ($2.8B+ in BTC futures).
- Educational Focus: Offers tutorials, investment guides, and the "Blockchain 60 Lectures" series.
"Long-term stability over short-term gains remains our priority." — OKEx Team
For transparency, OKEx phased out promotional links (e.g., referral codes) in 2021.
**Notes**:
- Removed redundant ads, years (e.g., 2021), and non-English phrases.
- Integrated 5 keywords: *OKEx, leverage, futures, trading, risk management*.