OceanEx, a crypto asset management platform launched by BitOcean Global, has recently announced the official launch of VET/USDT perpetual contract trading.
OceanEx passed this thrilling news it Medium Page few hours ago. According to the report, OceanEx becomes the first digital asset trading platform to make Vechain (VET) perpetual contract available all over the world.
The launch would strategically serve as a means to diversify the contract market, which would end in fortifying VeChain ecosystem.
The perpetual contract was reportedly launched on 4th December 2019. According to OceanEx, BTC/USDT, ETH/USDT, and EOS/USDT trading pairs are currently opened on the exchange.
As for the newly launched VET/USDT perpetual contract trading, users are enabled to choose up to 5x leverage, and the leverage will increase in the near future, hence users are enjoyed to stay tuned.
For the above reason, OceanEx intensifies that its users should exercise patience, adding that a lot of valuable VET contract platform events will be promoted as soon as possible.
In the recently released perpetual contract, VET will serve as the base currency, while USDT will represent the quote currency. The report furthered that the margin and profit & loss are predominant by the base currency.
In order to normally make the prices pertaining to the VET contract fair, the digital asset contract exchange OceanEx has duly adopted the price measure of Binance and Huobi for the VET price index.
It’s to be noted that OceanEx perpetual contract only applies to its web version. According to the exchange, the mobile App for this function is coming soon.
Follow the Below Steps for a Successful VET/USDT Perpetual Contract Trading
The first step is to select the VET/USDT trading pair in the section designed for trading. You can then further by making transfer of funds from the personal spot trading account to a perpetual contract account.
The next step is to choose the leverage up to 5x as earlier mentioned. The leverage will subsequently increase with time.
