OKX, a famous worldwide renowned company and crypto trading platform, is pleased to launch Event Contracts, an innovative product that permits eligible customers to take a straight directional view of Bitcoin ($BTC) and Ethereum ($ETH) and predict the next moves in a selected timeframe. Basically, the foundational purpose of this launch is to provide a simpler and smarter way for beneficial $BTC and $ETH trading.
These Event Contracts are currently accessible for eligible traders in Asia, the CIS region, and Latin America. They are purposefully built for customers who would be interested in trading views on price movements but avoid trading with complicated setups. While a standard futures trade requires sizing, leverage, and continuous observation, an Event Contract only requires traders to select a price target, timeframe, and amount, along with a minimum fixed in advance.
Event Contracts: Predict $BTC and $ETH Movements in Minutes
Every Event Contract offers a simple question. Will $BTC be higher in the coming 15 minutes? Will $ETH be above a target price by tomorrow? Today, the world is advanced enough and faces the consequences in less than a minute. They are more desperate and curious about the coming seconds. This Event Contract helps users trade $BTC and $ETH much more efficiently. Every successful trade gets a specified payout.
Contract offers prices ranging from 0.01 to 0.99 USDT and indicates the market-proposed chances of each outcome. In this way, the lower-priced contract showed fewer outcomes with carrying higher potential returns. For this framework, Expiry cycles start from 15 minutes to daily. This Event Contract comes with various important features such as Fixed Fees and Fixed Potential Payout. In this, customers can freely see fees and potential payout without the tension of liquidation.
Event Contracts Bring Simplicity and Innovation to Crypto Markets
The launch of Event Contracts is very beneficial and comes with innovative and advanced features that help customers trade effectively in Bitcoin ($BTC) or Ethereum ($ETH), depending on the customers ‘ choices. Furthermore, the Event Contract also presents Automatic Settlement, which reduces human efforts in making transactions across the border without any regulatory requirements. No additional setup is required; in fact, customers can easily make transactions directly.
Moreover, this Contract gives a low minimum trade size that, in response not affect customers in case of any loss, although that has not happened, but only for customers’ satisfaction. This also offers Broad Timeframes, which range from 15 minutes to daily, and also provides customers a chance to trade around specific price catalysts. This launch is going to revolutionize the trading scenario of $BTC and $ETH. This launch is making its place in the market.
Source: https://blockchainreporter.net/okx-launches-event-contracts-for-smart-btc-and-eth-trading/
