A blog post published by cryptocurrency exchange OKEx has confirmed that they’re developing its own decentralized exchange. The company have also confirmed that its development process has reached the final development stage and expected to launch the testnet somewhere around June this year. OKEx is currently the eight largest cryptocurrency exchange by daily trade volumes in the world.
The head of operations at OKEx cryptocurrency platform, Andy Cheung have revealed that they’re going to launch a new token platform soon. Cheung has expressed his optimism that the project will invite more benefits to both exchanges and start-up developers. The leverage of the cryptocurrency platform has increased during margin trading from 3x to 5x times.
OKEx, a crypto exchange announced that it will be listing Ripple(XRP) and Bitcoin Cash (BCH) on its C2C (Customer to Customer) trading market which is a fiat-to-cryptocurrency users can use fiat currencies of British Pound, Chinese Renminbi, Thai Baht ect., to buy digital assets like BTC, ETH, LTC, XRP & BCH.
OKEx, a peer-to-peer platform announced in press release announced that they’re adding Thai baht-crypto trading on their client-client (C2C) platform. It has been confirmed that major cryptocurrencies such as Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin (LTC) are now able to be traded with their cryptocurrency exchange & also dedicated to recruiting merchants for the new market.
OKEx has recently launched OKEx Piggy Bank which will be made available for all the users in its exchange. In the announcement, OKEx confirmed the Piggy Bank operation, “will start accruing on the second day of sending funds into OK PiggyBank after 5 pm. And you will be able to receive your return on the third day after 5 pm.
Hong-kong based crypto-exchange platform OKEx delisted 38 tokens, which are the least traded and with low liquidity. This is the third delisting move in the year which is done to safeguard customers from junk coins. Customers are advised to liquidate asset before December 15th. The process is done through token analysis performed by OKEx experts.
Cryptocurrency exchange OKEx has recently announced the private release of its new lending product named OK PiggyBank. The Head of Operations OKEx, Andy Cheung commented regarding the launch of the new product, “With the launch of this new service, users can better manage their assets and also enjoy stable returns regardless of market volatility.”
The OKEx has announced the delisting another batch of trading pairs. OKEx has expressed to the holders of cryptocurrencies such as VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG on their wallets to withdraw as they would be delisted on 31th November.
The OKEx has suspended the deposits of Monero and both the deposits and withdrawals of Cardano from its platform. It is reasoned that the suspension of Monero is due to wallet upgrade by the exchange while is Cardano is upgraded by the client. The users would be able to deposit Cardano which will get credited to the account on completion of the upgrade.
The OKEx crypto exchange has extended support to the Vietnamese Dong (VND) through its Customer-to-Customer (C2C) trading system. This would enable the Vietnamese to trade tokens with the use of fiat currencies. The chief of operations Andy Cheung expressed, “We see a significant growth in the use of cryptocurrencies in this market.”