Malta-based\u00a0cryptocurrency spot and derivatives exchange\u00a0OKEx\u00a0announced the launch of a real-time settlement for all permanent swap, futures, and options contracts that will soon be on the platform. According to OKEx, the new feature will provide users with a better trading experience by increasing the capital efficiency of their funds.\u00a0\r\n\r\nLennix Lai, head of financial markets at OKEx, said about the new feature:\r\n\u201cThis is hugely beneficial to traders carrying out cross-exchange arbitrage, as they need to settle their profit in real-time across exchanges. It will also enhance capital management across the OKEx platform. We will start with the ADAUSD market as a trial and gradually launch other major tokens from early next month.\u201d\r\nAccording to the statements, real-time settlements will officially begin on\u00a0Dec.29 at 08:00 am UTC, according to the popular\u00a0ADAUSD\u00a0permanent contract. This functionality will then be applied to other major currency pairs and financial instruments on the\u00a0OKEx\u00a0platform in the coming months. Real-time settlements will allow them to improve their\u00a0utilization of funds significantly. According to the exchange, users will be able to withdraw their profits at any time without waiting for the 04:00 pm UTC settlement period every day.\r\n\r\n\r\n\u201cAnother Key Upgrade at OKEx\u201d\r\nSpeaking about the feature\u2019s launch,\u00a0Lai\u00a0also commented:\r\n\u201cBy being able to withdraw their realized profit instantly and not having to wait for the settlement period, users can engage in more efficient strategies to maximize their capital. The introduction of real-time settlements is another key upgrade at OKEx, and we believe that it will be extremely popular among users.\u201d\r\nOKEx\u00a0also announced that any user with an\u00a0ADAUSD\u00a0perpetual contract position at\u00a08:00 am UTC on December 29\u00a0will see the position\u2019s average opening price altered to the settlement base price of the last\u00a0ADAUSD\u00a0settlement when real-time payments begin. All profits and losses incurred will be transferred to the ADAUSD permanent account balance and the profit will be recalculated according to the new opening average price starting from\u00a008:00 am UTC\u00a0on the same day.