OKX, the second largest cryptocurrency trading platform, is now enabling derivatives trading in collaboration with asset manager CoinShares and custody joint venture Komainu, allowing traders access to a secure system without counterparty risk. Through the partnership, a standardised legal agreement has been developed to provide traders with an easier and more impactful way to settle their trades off-exchange. A big difference to spot markets, the process has additional complexities when it comes to margin financing and risk mitigation, while still providing protection to investors. This settlement system will also be expanded to other exchanges soon, with OKX working on the partnership with Komainu since June of this year. This project is in its infancy and promises to bring trust and security to the cryptocurrency market as the sector continues to grow.



Other News from Today