Originally based in China, the exchange, and sister OKCoin, moved to Hong Kong after the Chinese government banned the trading of ICO tokens and is now internationally focused. The OKEx exchange platform offers a native wallet that is accessible by simply downloading the wallet application separately. Moreover, the wallet supports 36 digital assets, multiple vaults and integrates seamlessly with the main OKEx trading application.
So much dumb fud. The SEC only has jurisdiction inside the USA. Said so themselves during the hearing. All the top exchanges are outside the USA now. Binance, bithumb, huobi, okex. SEC can’t do anything outside the USA. FFS people, grow some balls. Plus, DEXs are live this year. pic.twitter.com/BQTwgih5jU
— ChadNft.Ξth+ThisIsNotARe₿rand+DankMemeMachine+$₿TC (@RalphClaytonUk) March 9, 2018
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Typically after a new cryptocurrency coin listing on OKEx, the new coin has showed a positive price jump five days later. On April 11, 2018 the company announced its expansion to Malta, given the country’s efforts to provide a sound regulatory framework for blockchain businesses and digital asset okex exchange exchanges. OKEx supports hundreds of tokens and coin pairs on its trading site to buy, sell, or trade using leverage or your own on-chain portfolio. For regular users, your fees are based on the number of OKB you hold. The more OKB you hold within the OKEx ecosystem, the lower your fees.
Several purchase options, including a dedicated WeChat group, make OKEx a popular choice for Asia based customers looking to buy, sell, and trade cryptocurrency. Interestingly enough, OKEx provides a mining pool option for traders who are looking to make use of their PC firepower.
OKEx is a global trading platform that is available to over 100 countries across the globe. Crimea, Syria, Ecuador, Bolivia, The USA and its territories, Hong Kong, Sudan, Malaysia, Kyrgyzstan, Bangladesh, and Cuba. This comes after the People’s Bank of China said in a Q&A posted to its website that all cryptocurrency-related transactions in China are illegal, including services provided by offshore exchanges. CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. Staking cryptocurrency has rapidly become a fad in the crypto world; staking cryptocurrency may yield up to 300 percent each year, depending on the coin and staking network. Staking has been incorporated into the Okex platform, enabling users to generate passive income while holding bitcoin. Margin trading allows traders to borrow up to 100 times their money; for example, if a user trades with $100 and utilizes leverage trading at 100x, the trader’s trading balance is $10,000.
This provides consistency but ultimately does not have the flexibility of an open market. The exchange platform itself is well designed and resembles high quality traditional financial markets trading platforms.
This is where users who provide liquidity to a decentralized protocol can passively earn its tokens in exchange. The return from liquidity mining can be much higher than that of staking. OKex offers customer support through a phone line as well as an email-based ticketing system and several messaging apps and social media channels. Feedback on support levels is mixed with some complaints online around slow response rates or failure to resolve problems. Generally, it would appear that the exchange is quite inflexible in its systems and approach but users who understand this and act accordingly report few problems. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. To help investors place a trade at a predefined volume and price, different market orders and the ability to use Algo orders are vital for active daily users.
On the futures contracts side of things, taker fees range from 0.09% to 0.15% following the same tier system. OKEx does not use an ordinary Transmission Control Protocol/Internet Protocol (TCP/IP), which is the typical method that allows digital computers to communicate over long distances. Instead, this communication is conducted via a special network communication protocol that is a proprietary, partially offline service that prevents an online attack. It’s worth noting that both fee tables above are needlessly different for futures, perpetual swaps, and options transactions. From the home page, you can select “Basic Trading,” which allows for spot and simple option trading. Users can enjoy many benefits including trading fee discounts, OKEx Jumpstart subscription and 35 everyday use cases.
OKEx is not currently available in the U.S., but its sister platform, OKCoin, is. OKEx has a complex fee structure and is a complicated platform best for experienced traders. To provide more privileges to our users, we have adopted OKB as our utility token.
Generally speaking, the “maker fee” is paid by the person who initiates the order to buy or sell, while the other party that completes the complementary transaction pays the “taker fee.” OKEx provides interest-bearing staking accounts for more than 100 different tokens and projects. Each has its own annual percentage yield based on whether you choose a fixed or flexible holding period. It’s worth noting that some of the coins have minimum staking requirements, such as Ethereum, which won’t allow you to stake less than 0.02 ETH. You can also select “Margin Trading.” This will allow you to use leverage to try to amplify returns when trading in futures, advanced options, and perpetual swaps.
This is a positive way to drive up the price of the token by reducing the supply amount. First, click on the ‘sign-up button on the top right corner of the official website of OKEx. Fill in all the details including, a valid Email-Id with a strong password. OKEx accepts 30 fiat currencies including, USD, CNY, EUR, and others. When you return to goldprice.org the cookie will be retrieved from your machine and the values placed into the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated.
Learn why you might want to buy small amounts of an asset over time. Get verified, get funded, and track your assets across all of your screens. Whether this is your first or five millionth investment, we’ve got tools built just for you. OKEx lists KAR — the utility token of Karura, the all-in-one hub … “We are happy to list AXS. Axie Infinity shares an extremely intriguing goal of decentralization becoming real to the community. This is something we should all appreciate.”
It offers traditional DeFi options using Aave, dYdX, Compound, DDEX, and Maker. These have varying interest rates determined by the platform and the token type you’d like to borrow. OKEx also enables peer-to-peer lending services with flexible terms.
On its official support page, OKEx describes OKB is a global utility token issued by the OK Blockchain Foundation. According to OKEx, the company had officially issued OKB on ERC20 protocol earlier this month.
Author: Sonali Basak