OKEX

OKEx Expands Extensive DeFi Offer, Listing DIA and Kleros PNK

Retrieved on: 
Thursday, August 20, 2020
PNK, OKEX

DIA value soared by as much as 60% when trading became available on the OKEx platform.

Key Points: 
  • DIA value soared by as much as 60% when trading became available on the OKEx platform.
  • PNK spot trading against USDT became available at 8:00 am UTC on Aug. 19, and PNK spot trading against ETH at 9:00 am UTC on Aug. 19.
  • "We're very encouraged to see the giant strides being taken in the DeFi economy," said OKEx CEO Jay Hao.
  • To that end, we are pleased to be listing DIA and PNK in order to further support DeFi's progress."

Huobi Records $877.8 Billion in Trading Volume for First Half of 2020

Retrieved on: 
Friday, August 14, 2020
Huobi, Finance, Futures contract, OKEX, Money, Financial markets

For Q1, the unilateral trading volume was $444.2 billion while Q2 was $433.7 billion.

Key Points: 
  • For Q1, the unilateral trading volume was $444.2 billion while Q2 was $433.7 billion.
  • Huobi has managed to push new boundaries against other well established exchanges when it comes to futures trading volume as the coin-margined futures trading volume for the last three months has been better on Huobi than OKEx.
  • Huobi has far outperformed OKEx in BTC Weekly contracts trading in Q1 as through April, May and June Huobi more than doubled the trading volume against its competitor.
  • While for bi-weekly contracts trading it was OKEx that came out on top for the majority of the quarter in regards to trading volume, but Huobi finished the quarter strong with $3.82 billion in trading in June against OKEx's $3.45 billion.

OKB Leads Exchange Tokens in ROI, Announces 11 New Partnerships

Retrieved on: 
Tuesday, August 11, 2020
OKEX, OKB, Cryptocurrency, Articles, Science and technology, Economy

Throughout July, 11 new partners joined the OKB ecosystem, providing global OKB holders with even more services ranging from DeFi, payments and security to cryptocurrency trading bots.

Key Points: 
  • Throughout July, 11 new partners joined the OKB ecosystem, providing global OKB holders with even more services ranging from DeFi, payments and security to cryptocurrency trading bots.
  • In addition to the increase in OKB's utility outside of OKEx, OKB now can be used as collateral in C2C loans on OKEx.
  • Thanks to all these major developments, OKB recorded the highest monthly ROI of all major exchange tokens in July, according to the OKB Ecosystem Monthly Report.
  • As per a recent CoinGecko report , OKB also outperformed the top five mainstream exchange tokens inH1 2020.

OKEx's BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

Retrieved on: 
Friday, August 7, 2020
OKEX, Financial law, Swap, Derivative, Cryptocurrency, Articles, Economy, Technology

According to data from skew, of the nine major cryptocurrency derivatives exchanges, OKEx offers the second-lowest swaps funding rates at an average of 0.0052%.

Key Points: 
  • According to data from skew, of the nine major cryptocurrency derivatives exchanges, OKEx offers the second-lowest swaps funding rates at an average of 0.0052%.
  • Low funding rates allow traders to realize significant savings when taking out a position on OKEx compared to competing exchanges.
  • This competitive rate is partially due to the exchange's low-fee policy but also because OKEx does not skew its funding rate in favor of market makers.
  • And since we don't favor market makers, OKEx even saw some negative funding rates during the week of July 20 to July 27."

OKEx's BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

Retrieved on: 
Friday, August 7, 2020
OKEX, Financial law, Swap, Derivative, Cryptocurrency, Articles, Economy, Technology

According to data from skew, of the nine major cryptocurrency derivatives exchanges, OKEx offers the second-lowest swaps funding rates at an average of 0.0052%.

Key Points: 
  • According to data from skew, of the nine major cryptocurrency derivatives exchanges, OKEx offers the second-lowest swaps funding rates at an average of 0.0052%.
  • Low funding rates allow traders to realize significant savings when taking out a position on OKEx compared to competing exchanges.
  • This competitive rate is partially due to the exchange's low-fee policy but also because OKEx does not skew its funding rate in favor of market makers.
  • And since we don't favor market makers, OKEx even saw some negative funding rates during the week of July 20 to July 27."

OKEx's Adopted Utility Token OKB Adds Value for Holders with Four New Partnerships

Retrieved on: 
Friday, July 31, 2020
OKB, Science and technology in Russia, Science and technology in the Soviet Union, OKEX, Token coin, Money, Artificial objects, Science and technology

VALLETTA, Malta, July 31, 2020 /PRNewswire/ -- OKB, the global utility token adopted by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has added four new partnerships to provide increased value for OKB holders.

Key Points: 
  • VALLETTA, Malta, July 31, 2020 /PRNewswire/ -- OKB, the global utility token adopted by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has added four new partnerships to provide increased value for OKB holders.
  • Beyond discounted fees and preferential access to high-quality Jumpstart projects, OKB holders can now glean even more real-world utility using OKB at more than 70 designated merchants and service providers.
  • MyWish makes smart contracts more accessible to OKB holders who can use OKEx's adopted token as a payment tool for services on the platform.
  • "OKB is a true global utility token and, as it continues to forge new partnerships, it provides its holders with even more real-world utility and ways to spend it outside of the OKEx exchange."

OKEx's Adopted Utility Token OKB Adds Value for Holders with Four New Partnerships

Retrieved on: 
Friday, July 31, 2020
OKB, Science and technology in Russia, Science and technology in the Soviet Union, OKEX, Token coin, Money, Artificial objects, Science and technology

VALLETTA, Malta, July 30, 2020 /PRNewswire/ -- OKB, the global utility token adopted by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has added four new partnerships to provide increased value for OKB holders.

Key Points: 
  • VALLETTA, Malta, July 30, 2020 /PRNewswire/ -- OKB, the global utility token adopted by OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, has added four new partnerships to provide increased value for OKB holders.
  • Beyond discounted fees and preferential access to high-quality Jumpstart projects, OKB holders can now glean even more real-world utility using OKB at more than 70 designated merchants and service providers.
  • MyWish makes smart contracts more accessible to OKB holders who can use OKEx's adopted token as a payment tool for services on the platform.
  • "OKB is a true global utility token and, as it continues to forge new partnerships, it provides its holders with even more real-world utility and ways to spend it outside of the OKEx exchange."

OKEx Launches Its 3rd Elite Team Trading Contest with a 150,000 USDT Prize Pool

Retrieved on: 
Tuesday, July 28, 2020
OKEX, Futures contract, Financial markets, Finance, Money

The top 10 teams and top 50 individuals ranked by trading yield as well as the 10 most popular captains will each win a share of the 150,000 USDT prize pool.

Key Points: 
  • The top 10 teams and top 50 individuals ranked by trading yield as well as the 10 most popular captains will each win a share of the 150,000 USDT prize pool.
  • All OKEx users can participate in the contest by trading futures, perpetual swaps, options and spot/margin products on the platform.
  • The OKEx Elite Team Trading Contest has been held for two sessions already, with previous competitions showing very encouraging results.
  • Elite Team Trading contests have now become regular events of OKEx, attracting more and more traders to participate in order to win rewards.

OKEx Launches Its 3rd Elite Team Trading Contest with a 150,000 USDT Prize Pool

Retrieved on: 
Tuesday, July 28, 2020
OKEX, Futures contract, Financial markets, Finance, Money

The top 10 teams and top 50 individuals ranked by trading yield as well as the 10 most popular captains will each win a share of the 150,000 USDT prize pool.

Key Points: 
  • The top 10 teams and top 50 individuals ranked by trading yield as well as the 10 most popular captains will each win a share of the 150,000 USDT prize pool.
  • All OKEx users can participate in the contest by trading futures, perpetual swaps, options and spot/margin products on the platform.
  • The OKEx Elite Team Trading Contest has been held for two sessions already, with previous competitions showing very encouraging results.
  • Elite Team Trading contests have now become regular events of OKEx, attracting more and more traders to participate in order to win rewards.

OKEx C2C Loan Collateral Now Supports Adopted Token OKB with Industry-Low Interest Rates

Retrieved on: 
Thursday, July 23, 2020
Cryptocurrency, Decentralization, Financial technology, Uberisation, OKB, OKEX, USDT, Science and technology, Economy, Technology

VALLETTA, Malta, July 23, 2020 /PRNewswire/ -- OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, is adding support for OKB, its adopted global utility token, to be used as collateral in C2C Loans.

Key Points: 
  • VALLETTA, Malta, July 23, 2020 /PRNewswire/ -- OKEx ( www.okex.com ), a world-leading cryptocurrency spot and derivatives exchange, is adding support for OKB, its adopted global utility token, to be used as collateral in C2C Loans.
  • In addition to this, OKB has teamed up with Aeron's Pilot Shop, allowing holders to buy goods and services with OKEx's adopted global utility token.
  • We welcome Aeron to the OKB ecosystem, providing OKB holders with a bridge between crypto and physical goods and services."
  • By pledging OKB, BTC or ETH, OKEx users can borrow USDT on OKEx's C2C loan market with zero service fees.