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OKEx announces launch of GameFi center

OKEx

TL;DR Breakdown OKEx launches GameFi Centre. Exchange previously invested $10M on Metaverse program to incubate early-stage GameFi projects. Top crypto exchange firm OKEx has announced the launch of its GameFi center. This comes after the recent launch of its DeFiHub. The GameFi section of DeFi Hub will serve as an essential portal into the emerging GameFi […]

OKEx burns OKB crypto worth $37.8M

OKB crypto

TL;DR Breakdown OKEX burn more of its utility crypto, OKB. This is the 13th Buy-Back and Burn the exchange would do. OKB has been developed to serve many purposes via OKEx platform including C2C services. OKEx crypto exchange has announced the burning of over 2,320 OKB crypto (OKEx global utility cryptocurrency issued by OK Blockchain […]

OKEx exchange launches NFT market

GK

TL;DR Breakdown OKEx exchange launches NFT market. OkEx creates NFT market to provide comprehensive system to manage NFT. Top crypto firm OKEx exchange has announced the launch of its decentralized digital asset ecosystem, DeFi Hub. The platform features two core products: NFT Marketplace and DeFi Dashboard. In a press release on Thursday, OKEx exchange revealed […]

OKEx angry customers demand answers

rsz icons team r enaopw rs unsplash

OKEx angry customers demand answers regarding the companies month-long silence. The crypto market is soaring as Bitcoin is resting at the $16,100 threshold, making the crypto exchanges silence a bitter pill to swallow. The company had put in place a crypto retrieval halt on the 16th of October 2020. OKEx angry customers demand answers OKEx […]

Report: OKEx exchange resumes fiat (CNY) deposit and withdrawals

update

OKEx exchange has reportedly resumed withdrawal services for the Chinese fiat currency. The exchange halted withdrawals for nearly a month now, following a missing private key holder. It has been a challenging time for OKEx, a cryptocurrency exchange based in Malta and managed by Chinese executives, since a private key holder was reported missing. As […]

OKEx hires legal counsel to resume withdrawals

rsz andrej lisakov f g yxcp unsplash

OKEx hires an external legal counsel to continue with withdrawals that were once put to a stop. The withdrawals were prohibited on the 16th of October 2020. The update was announced today. OKEx hires legal counsel to resume withdrawals OKEx hires an external legal counsel to continue with withdrawals that were once put to a […]

Tron allows manual withdrawal for holders hit by OKEx asset suspension

wallet

Tron is offering users another way to transfer tokens from the OKEx exchange New internal transfers complement existing 1:1 withdrawals Chinese investigations into the OKEx exchange continue Tron Foundation, one of the largest global blockchain-based operating systems, has updated its 20th October decision to allow manual internal transfers of Tron (TRX) tokens from the OKEx […]

False alarm: OKEx crypto exchange is not moving funds to Binance

False alarm OKEx crypto exchange is not moving funds to Binance

OKEx crypto exchange seems to be facing a difficult situation as it lost contact with one of its private key holder. However, the situation became more complicated when reports emerged claiming that the firm’s founder Xu Mingxing was detained by the police a week ago and has not returned since. Now, Whale Alert reported a […]

Crypto derivatives exchange: Huobi battles OKEx for supremacy

Crypto derivatives exchange

The battle for supremacy has once again been reignited between crypto derivatives exchange, OKEx, and Huobi Global as both are renowned for offering Bitcoin futures contracts. Going by statistics published by CoinGecko, OKEx has been ranked as the biggest crypto derivatives exchange with contracts worth $1.26 billion on the platform.  Huobi, which is based in […]

OKEx P2P crypto exchange now available in India

Iranian government

Popular cryptocurrency exchange OKex has unveiled a peer-to-peer trading platform (OKex P2P) in India, enabling its users in the country to buy digital assets with the Indian rupees (INR) with no transaction charges. According to the announcement, the new initiative will allow users in India to buy bitcoin (BTC) and Tether (USDt) with the country’s […]

Bitcoin market globally to surge with OKEx, Paxful partnership

Red village

Peer to Peer Bitcoin exchange firm Paxful alongside OKEx, another crypto exchange, and Over the Counter (OTC) market firm based in Malta have partnered to improve the Bitcoin market in Africa and reach more users in the continent. With this partnership, crypto users in South Africa, Nigeria, Kenya in Africa, and other continents would be […]

OKEx Settle partnership enables fiat for crypto exchange in Latin America

Celo Alliance COMP governance token OKEx Settle partnership

Global crypto exchange firm, OKEx alongside global fiat-crypto solution provider firm, Settle network has partnered to create a new product for the Malta-based crypto exchange firm. OKEx Settle partnership has brought about juicy propositions to the Latin American crypto market activating fiat gateways for three local currencies in the region. This no doubt is to […]

COMP governance token listed on OKEx for traders

Celo Alliance COMP governance token OKEx Settle partnership

Popular cryptocurrency exchange OKEx has announced that it will be listing the Ethereum-based Compound (COMP governance token) on its platform for trade, according to a press release. COMP governance token is the native crypto of Compound, a DeFi protocol that allows its users to earn interest on deposits or lend cryptocurrencies. Lending and borrowing on […]

OKEx organizes crypto mentorship program to mitigate COVID-19 economic aftermath

crypto mentorship program

Malta-based crypto exchange firm OKEx, towards helping Europe and other parts of the world mitigate the economic aftermath of the ravaging coronavirus, is organizing a crypto mentorship program tagged Beacon program. The crypto mentorship program is also to support people interested in engaging in the crypto space and help new talents in the industry grow. […]

Derivatives traders still interested in altcoins despite volatility

derivatives traders

Leading crypto Bitcoin and the second-largest coin according to market cap, Ethereum has endured struggles in recent weeks in the crypto market, with both failing to surmount their respective resistances. Presently, Bitcoin has its resistance set at $10,000, while Ethereum has its resistance pegged around the $220 mark. Coin has tried and failed to break […]

Binance CoinMarketCap ranking a shame, OKEx CSO

Binance CoinMarketCap ranking

The Binance CoinMarketCap ranking system is a shame according to OKEx crypto exchange Chief strategy officer (CSO) Alysa XU. The ranking was introduced after the data portal was acquired by Binance in a move critics say is a way of manipulating figures in the crypto space. Blogging on a Chinese website Weibo on May 15, […]

Crypto derivatives exchange: OKEx wrests #1 spot from Huobi

Crypto derivatives exchange OKEx wrests spot from Huobi

The recent market crash in mid-March saw many traditional investors looking for safe havens to protect their money. These investors have turned to crypto and more specifically to crypto derivatives. As reported, the crash saw more than $53 billion invested in crypto derivatives during that time. With this huge surge in the volumes, OKEx has […]

Crypto derivatives exchanges have found a new home in Asia

Crypto derivatives exchanges have found a new home in Asia

Last year has been very good for the Bitcoin derivatives market, with steady growth and an overall increase in interest from the cryptosphere. People have started visualizing these derivatives as a legitimate investment vehicle. Although the interest is global, Asian countries have impressed the most and hence the crypto derivatives exchanges look to find a […]

OKEx P2P loans ready to disrupt the DeFi market

OKEx P P loans ready to disrupt the DeFi market

OKEx P2P loans have been launched to target the growing Decentralized Finance market. Lennix Lai, Financial Markets Director, says that the new Peer-to-Peer loans will set new standards for transparent and open lending as per market demand and supply. As OKEx forays into the DeFi, it has to understand that the market is going through […]

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