How to hedge OKCOIN futures denominated in BTC
I was thinking about OKCOIN futures while I was taking a dump
Okcoin futures, unlike bitfinex margin account, is denominated in BTC only. Hence, BTC is the collateral and settlement of contracts. So, the total asset denominated in USD or CNY is going to flutuate against BTC price. In order to hedge your collateral coins against BTC movements, you should short 10% of your coins at 10x or 5% at 20x on the Quarterly.
Hope that makes sense, I put some of my BTC in OKcoin for a bit, while the others are in bitfinex. If you are interested or support this site, you can make an account under my referral for ok or bitfinex.