Crypto exchange OKEx Launches Perpetual Swap trading

[Nickcerny]

Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, which enables the users to speculate the price of digital assets. Derivative product allows users to perform perpetual swaps, futures contract, and spot trade with margin and leverage simultaneously. It will start its perpetual trading on 11th Dec. Will this enhance market manipulation or will it give traders a key competitive edge?

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[wayaneka]

Perpetual Swap trading is margin trading, i dont know the different with futures trading, but all trading that use leverage is very risky. Before Okex provide margin trading with minimum 10x leverage and this is too risky because the level of leverage too high. The level of leverage for margin trading in crypto asset should be minimum 1x leverage so we can minimize the risk. High level of leverage the same thing like gambling and will be difficult to gain profit from it.