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.”
OKEx has recently made an announcement that it will be listing stable coins such as TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). It has also announced that it will delist Bytecoin following the decision made by Binance due to some technical issues with the coin which has not been addressed yet.
The OKEx crypto exchange has declared its association with Genesis Vision. The managers of the Genesis Vision would be able to access nearly five hundred digital assets through the OKEx exchange platform. The exchange platform would be providing options for 10x and 20x leverage. The Genesis Vision managers could experience OKEs’s ‘volume-based maker-taker fee schedule.’
OKEx has recently invested in a blockchain-based advertising firm, Bidooh. The Investment Manager at OKEX’s investment arm, OK Blockchain Capital, Estrella Du commented regarding the new investment announcement, “we are excited to see a real-world example of a traditional business moving to the blockchain for the benefit of both the advertising industry and consumers.”
An investment round in a new e-commerce-powered by stable coin Terra was reportedly led by four major cryptocurrency exchanges. The fundraising which was led by Binance Lab, OKEx, Huobi Capital and DUnamu, helped gain $32 million. Other investment groups which participated include Polychain Capital, FBG Capital, Arrington XRP, and others.
The Okex exchange has imposed stricter identity verification procedures. The exchange would be introducing new withdrawal limits and it will depend on the identification level of each customer. The users are mandated to comply with level 1 of KYC verification to withdraw assets. The verification rules are also applicable to the users of all OK Partner exchanges.
The OKEx exchange has introduced two new trading platforms called OCNex and 2100bit. Both the platforms support Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The OCNex supports nearly ten coins while 2100bit supports 30 cryptos. The OKEx explained, “The open exchanges will support multiple sets of transaction fees. The first 100 exchanges will run a platform token-based operation”
The OKEx, the digital asset exchange platform, has listed Cardano (ADA) to its crypto asset exchange platform. The exchange, founded in 2014, provides financial services to the global trader, supports more than a hundred tokens on its platform and enables future trading pairs for the traders. Cardano is reportedly the distributed platform that powers the blockchain for ADA cryptocurrency.
Ever since the launch of the main net by the Tron platform, various crypto exchanges have been upgrading their servers to support fresh tokens. The OKEx crypto exchange extends to support new tokens on its platform. The exchange declared that ‘The mainnet swap of TRON is complete, and the deposit and withdrawal services have been resumed as normal.’