OKEx: How to Open Multiple Identical Contracts Simultaneously

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Digital asset trading platforms like OKEx operate differently from traditional financial institutions in their approach to user engagement. As a leading global cryptocurrency exchange, OKEx combines high liquidity with competitive fees, offering diverse contract periods that attract investors worldwide.

Key Features of OKEx Contracts

  1. Risk Management Pool: OKEx allocates 2,500 BTC from its reserves to mitigate user trading risks
  2. Unified Trading Account: Enables multi-currency trading across spot, margin, and derivatives without fund transfers
  3. Contract Varieties: Includes perpetual, futures, and options contracts with both cross-margin and isolated-margin modes
Pro Tip: Larger positions in "Cross Margin Mode" require more collateral, effectively increasing manipulation costs while protecting traders.

Trading Advantages on OKEx

Perpetual Contract Fee Structure

  1. Taker Fees: 0.05% for market orders
  2. Maker Fees: 0.02% for limit orders providing liquidity
  3. VIP Tiers: Reduced fees for high-volume traders

👉 Master OKEx contract trading strategies

Frequently Asked Questions

Q: Can I trade multiple identical contracts simultaneously?

A: Yes, OKEx allows opening multiple positions on the same contract pair through separate orders.

Q: How does OKEx protect traders during volatility?

A: The platform uses a sophisticated liquidation system and insurance fund to mitigate extreme market risks.

Q: What makes OKEx's unified account special?

A: It eliminates manual fund transfers between different trading products, saving time and reducing operational errors.

Q: When was FIL perpetual contract launched?

A: OKEx launched FIL/USDT perpetual contracts on July 22, 2021, supporting both web and app trading interfaces.

Market Performance Insights

During the 2020 global pandemic, Bitcoin demonstrated remarkable resilience on OKEx:

For long-term investors, OKEx provides the tools to navigate both bull and bear markets effectively through its comprehensive product suite.

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