OKEx Exchange Launches Data Analytics Platform

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BTCwires Excerpt:

OKEx, a Malta-based digital asset exchange, according to reports, has recently launched a platform which will provide comprehensive data insights platform that covers trading trends for derivatives. As per the press release, the platform will reportedly allow users of the exchange to see real-time data for nine major tokens, on the exchange’s futures and perpetual swap markets and this list obviously includes the top cryptocurrencies like BTC, ETH, and XRP.

The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used.

According to the announcement, the aim of this platform which is being called Futures & Perpetual Swap Market Data — is to offer unbiased trading data for customers so that they can inform themselves better and create better and more efficient trading strategies in the derivatives market.

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