Blockchain 

Crypto Exchange OKEx to List Hedera Hashgraph’s Token HBAR

Cryptocurrency exchange OKEx announced that it will soon list enterprise-focused decentralized network Hedera Hashgraph’s native token HBAR. As OKEx’s spokesperson told Cointelegraph, the platform will add HBAR to its spot market with HBAR/BTC, HBAR/USDT and HBAR/USDK on Sept. 17. Deposits and withdrawals will open on Sept. 16 and Sept. 24 respectively. Head of Asia Pacific at Hedera Hashgraph Edgar Seah added:  “Hbars play a crucial role in the function, growth, and security of the Hedera network, and it is important that they are available to those who wish to use…

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Blockchain 

Cryptocurrency Exchange OKEx Announces Support for ETC Hard Fork

Cryptocurrency exchange OKEx has announced support for Ethereum Classic’s (ETC) upcoming Atlantis hard fork. In a blog post published on Sept. 10, OKEx announced that the exchange will support ETC’s hard fork, estimated to take place between Sept. 12 and Sept. 13, 2019 at block height 8,772,000. OKEx warned in the announcement that during the planned period, users should deposit their ETC to OKEx in advance since the exchange will handle related technical issues. Users’ ETC accounts will not be affected. OKEx noted that it will resume services once the…

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Ethereum 

Exchange OKEx Launches Data Analytics Platform for Derivatives Trading

Malta-based digital asset exchange OKEx has launched a new comprehensive data insights platform that covers trading trends for derivatives. According to a press release shared with Cointelegraph, this platform will reportedly allow OKEx users to see real-time data on the exchange’s futures and perpetual swap markets for nine major tokens, including the top cryptocurrencies BTC, ETH, and XRP.  The platform provides six indicators of market trends as follows: long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, top trader sentiment index, and top trader average margin used. …

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Ethereum 

OKEx Skips Warren Buffett Lunch, Donates $4.5M to Insurance Fund

Cryptocurrency exchange OKEx has donated $4.5 million in Bitcoin (BTC) to its perpetual swap market insurance fund as a show of support for the Warren Buffett Power Lunch. More protection for traders In a press release shared with Cointelegraph on July 23, the Malta-based crypto exchange revealed its contribution to the perpetual swap market insurance, whose amount is equivalent to what Tron’s Justin Sun paid to have lunch with Warren Buffett.  Andy Cheung, head of operations of OKEx, commented on the contribution saying that “the Power Lunch is a significant…

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Blockchain 

Bitfinex Announces Support for OKEx Exchange Token

Cryptocurrency exchange Bitfinex is now listing two tokens from the exchange OKEx: its native utility token OKB and the stablecoin USDK, according to a press release on June 12. Bitfinex will offer trading pairs with the new tokens and other significant fiat and digital currencies like U.S. dollars, bitcoin (BTC), EOS, tether (USDT) and ether (ETH). The native utility token OKB is designed to let OKEx users carry out a variety of functions on the exchange, including settlement of trading fees, the ability to construct a partner exchange, and subscription…

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Ethereum 

OKEx Says Crypto Is the Future of Money for Consumers in Unstable Economies

One of the world’s biggest crypto exchanges by trading volume believes digital currencies can provide financial freedom to consumers in countries where instability and inflation are making fiat payments impractical. In the world of digital technology dominance, traditional global financial systems are facing hard times to transform in order to interact with the overwhelming demands around the globe, especially to developing countries. Issues such as a lack of access to stable banking and the high cost of currency exchange and remittances for migrant workers sending funds back home all contribute…

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Blockchain 

OKEx Incentivizes Market Makers With New Program Offering Lower Trading Fees

A crypto exchange has unveiled its new market maker program, with incentives for participants in the form of lower trading fees and reduced transaction costs. OKEx — which, according to CoinMarketCap, is the world’s biggest exchange by trading volume at the time of writing — says the program is open to users who have completed the necessary Know Your Customer (KYC) verification procedures and have total assets exceeding 20 bitcoin or the equivalent in their account. The company says these requirements are “less strict” than those offered by its rivals.…

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Bitcoin 

Cryptocurrency Exchange OKEx Decides Not to Delist Bitcoin Satoshi Vision

Major cryptocurrency exchange OKEx announced that it decided not to delist bitcoin satoshi vision (BSV) in a series of tweets published on April 16. OKEx is currently ranked first on CoinMarketCap of exchanges by adjusted trading volume, with $1.3 billion in 24 hour volume. Per the announcement, the exchange verified that BSV currently doesn’t meet the OKEx delisting and hiding criteria after reviewing its technology development, liquidity and compliance. The last tweet further explains the stated reason behind the decision: “As a neutral platform, OKEx respects the efforts of all…

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Bitcoin 

OKEx Founder Reveals OK Group’s Partnership With US Trust Firm, Plan to Launch Stablecoin

Star Xu — founder of exchange services provider OKCoin and the world’s 6th largest crypto exchange OKEx — has announced OK Group’s partnership with blockchain-focused trust company Prime Trust, prospectively allowing the firm to launch its own compliant stablecoin. The news was revealed in a tweet from Star Xu on March 28, retweeting an earlier March 27 tweet from Prime Trust announcing the partnership. Star Xu has written that the new partnership will see OK Group undertaking “an in-depth collaboration and offer[ing] diverse, secure and regulatory compliant services with Prime…

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Blockchain 

Crypto Exchange OKEx Is Developing Its Own Blockchain Platform

Cryptocurrency exchange OKEx is developing its own blockchain a decentralized exchanged, according to a blog post published on March 22. Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expects to put out a testnet in June of this year. OKChain will also serve as the base for OKEx’s decentralized exchange. Apart from that, the post states that OKEx’s native utility-token OKB will be put onto the ERC-20 blockchain by the end of April, and will…

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