On Monday, Malta-based Crypto Exchange, OKEx, launched a product which it says, ‘perfects’ its derivatives product suite. The ‘Perpetual Swap’ is a peer-to-peer virtual derivative with no expiry date, and daily settlement.
In a fancy South Korean hotel ballroom, rife with media and guests shipped in from around the world, OKEx excitedly launched its latest product. I know how fancy it was because I was one of the guests who they thought it would be a good idea to invite… But why?
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