OKEx Crypto Derivatives - How to trade OKEx Derivatives in India

What is OKEx? 

OKEx is a crypto exchange that allows users to exchange and speculate cryptocurrencies, tokens, and also engage in margin trading in digital asset futures.

OKEx cryptocurrency exchange was registered in Hong Kong in 2015. It supports the trading of several hundred instruments and ranks third in the number of daily trades in the ranking of crypto exchanges.

OKEx crypto derivatives trading platform
OKEx crypto derivatives trading platform

What are crypto derivatives? 

A derivative is a financial agreement about the future price of a cryptocurrency, security, good or service. The subject of such a contract is called the underlying asset. Sellers and buyers of derivatives do not own the underlying assets, but sell and buy the right to execute the contract.

Why are derivatives needed? To reduce risks and earn money from price changes. This is true for both traditional and cryptocurrency exchanges.

Types of cryptocurrency derivatives:

  • Futures.
  • Forwards.
  • Options.
  • Swaps.
  • CFD (Contract for Difference).

What is crypto derivatives exchange? 

Since the arrival of bitcoin futures from the Chicago Mercantile Exchange (CME), the crypto community has split into two camps: the former believe that derivatives have provided new opportunities for the cryptocurrency market and will contribute to its legitimization by attracting institutional investors, while the latter claim that that derivatives negatively affect cryptocurrencies, crashing the price without increasing the volume of trading directly by the currencies themselves.

It is likely that both opinions have the right to exist, but two real facts cannot be taken away from derivatives:

  • Trading volumes on cryptocurrency exchanges have grown exponentially, making the market less volatile.
  • There are significantly more tools that help to manage crypto assets more professionally and flexibly, as well as make money even in a falling market.

With the advent of crypto derivatives, the situation on the cryptocurrency market has changed significantly. Many exchanges that held leading positions in the market were unable to maintain their positions, and new platforms replaced them.

Currently, the leaders are such exchanges as Binance, OKEx, Huobi, BitMEX and Bybit.

In this article, we will take a closer look at the OKEx crypto derivatives trading platform.

What is crypto derivatives exchange and how does it work?
What is crypto derivatives exchange and how does it work?

How does cryptocurrency derivatives trading work?

An important advantage of derivatives over other instruments is that they provide an opportunity to trade both up and down markets. When you trade derivatives, you do not buy (sell) the asset itself, but trade a contract to change the price of the asset in the future.

This feature gives you the ability to trade these instruments in both rising and falling markets. This significantly expands the possibilities for working with cryptocurrency for professional traders.

Another important feature of working with derivatives is the ability to trade with leverage. If used correctly, this tool can help you significantly increase your profits. The OKEx derivatives trading platform also provides leverage.

How to trade OKEx derivatives in India? 

Getting started with OKEx cryptocurrency derivatives in India is easy. The registration process on the exchange is not complicated.

Immediately after registration, you will have access to a wide range of trading instruments, including derivatives for cryptocurrency. Bitcoin futures still have the largest number of transactions, but this situation is typical for most exchanges.

OKEx crypto derivatives trading platform always cares about the safety of its clients. Therefore, before starting trading in derivatives, it warns that these are high-risk assets and asks the user to confirm his consent to use these instruments. After that, you can start OKEx crypto derivatives trading.

Why trade on OKEx cryptocurrency derivatives in India? Because this platform is one of the market leaders. The platform offers high-quality service and therefore many traders around the world prefer OKEx, despite the presence of many competitors.

If you have made the decision to trade on OKEx crypto derivatives in India, you will be working with one of the market leaders.

OKEx cryptocurrency derivatives trading platform must satisfy the requirements of even the most demanding traders.

OKEx offers safe storage and transactions
OKEx offers safe storage and transactions

How to register? 

To start trading OKEx derivatives in India, you must register on the platform. At the moment, the platform provides several ways to register:

  • Via mobile app.
  • Via Telegram.
  • Through the desktop version.

Each of these methods is intuitive and consists of only 2 steps. If you still have problems registering on the OKEx crypto derivatives trading platform, then you can use the detailed instructions presented on the website.

How to open a demo account? 

An important advantage of this exchange compared to competitors is that it provides an opportunity to trade on a demo account. This feature will be useful not only for beginners who have no experience with OKEx derivatives trading, but also for experienced traders who will be interested in what the OKEx derivatives trading platform is.

Beginners will be able to test and master the trading platform, as well as develop their own trading strategy without losing their funds. And professional traders will be able to test a new trading strategy or test changes in an old strategy.

It is important that in order to open a demo account on the OKEx cryptocurrency derivatives trading platform, no additional steps are required. A demo account is opened automatically immediately after registration on the OKEx derivatives trading platform. It is automatically available to every user of the platform.

After registration, you will receive a full-fledged trading account with a real and demo account. There is $150 thousand available on a demo account. If you lose these funds, the balance will be updated at your request. It is a pity that this cannot be done with a real account.

How to start trading OKEx derivatives?
How to start trading OKEx derivatives?

How to open a real account 

To trade on an OKEx cryptocurrency derivatives in India real account, you also do not need to take any additional steps. The account is opened automatically. After registering and replenishing your account, you can immediately start trading on a real account.

As you can see, OKEx crypto derivatives trading platform provides users with the most convenient and simple service.

How to replenish a deposit 

To replenish your deposit on the OKEx crypto derivatives trading platform, you need to follow just a few simple steps:

  • Go to the "Assets" section in the upper right corner, click "Replenish".
  • Select the currency to be credited, as well as the deposit network.
  • Select the account for crediting the deposit: Funding Account, Trading Account.

Also, on the OKEx crypto derivatives trading platform, you can fund your trading account using a mobile application. As you can see, operating and trading OKEx crypto derivatives in India is very simple.

OKEx is dedicated to providing a cross-chain service to transfer assets across multiple public chains
OKEx is dedicated to providing a cross-chain service to transfer assets across multiple public chains

Minimum deposit amount 

There is no fixed minimum deposit on the platform. It all depends on the cryptocurrency in which you replenish the deposit. For example, on Bitcoin, the minimum deposit amount is 0.00005 BTC.

How to withdraw money? 

OKEx crypto derivatives trading platform offers not only a convenient way to deposit funds, but also a convenient and fast way to withdraw funds.

To withdraw funds, you need to go to the "Assets" section. Then click "Withdraw".

In the next section "Withdrawal of funds", you must select the withdrawal currency and click the "Continue" button.

Next, you need to enter the wallet address of the withdrawal and put down the withdrawal amount.

OKEx derivatives list 

Provides a large list of OKEx derivatives in India. At one time, the platform provided the largest list of such tools.

To familiarize yourself with the entire list and see the commission, you should use the official website of the project. There you will find a detailed list of current instruments and commission rates.

How does OKEx crypto derivatives trading work? 

If you have already opened a live account and funded it, you will be able to start trading on OKEx cryptocurrency derivatives in India. To do this, go to the "Trades" section and select the "Margin trading" section.

Then choose the type of derivatives and the trading instruments you are interested in.

OKEx trading platform has many options
OKEx trading platform has many options

Alternatives to OKEx cryptocurrency derivatives 

Of course, OKEx derivatives trading platform is not the only platform where you can trade derivatives. It is one of the leading platforms of OKEx derivatives in India, but not the only one.

The main competitors for OKEx are platforms such as Binance, Huobi, BitMEX and Bybit.

OKEx Defi Hub offers creation, trading and managing your Defi portfolio from one place
OKEx Defi Hub offers creation, trading and managing your Defi portfolio from one place

OKEx cryptocurrency derivatives FAQ:

Can you trade derivatives on OKEx? 

To start working with the OKEx derivatives trading platform, you need to register on the platform.

Yes. A large number of cryptocurrency derivatives are available on the platform. A complete list is presented on the website.

Swaps, perpetual swaps, futures and options are available on the platform.

A futures, or futures contract, is an agreement between a buyer and a seller for the delivery of an underlying asset in the future, or for one party to pay the other the difference between the value of the contract and the value of the underlying asset in the future.

Yes, Bitcoin futures trading is available on the OKEx crypto derivatives trading platform. It is one of the most popular tools on the platform.

OKEx Perpetual Swaps have no expiry date.

Cryptocurrency options are a type of derivative that gives a buyer the right to buy or sell an asset at a specified price on a specified day.

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