If you need more information about OKEx including FAQs, guides, documentation, or to submit a support request, please visit the OKEx Support Center. OKEx Perpetual Swap Launches as a New Derivative Product for the Malta-based Crypto Exchange. Auzins was allegedly responsible for a string of fraudulent crypto investment schemes. While the upcoming NFT marketplace is still in beta, Blockchain.com now joins one of many other crypto firms entering the NFT market. The Block’s Frank Chaparro chats with Point72 Ventures crypto investment lead Adam Carson. Senator Pat Toomey is not pleased with Gensler’s responses to his questions about which tokens are and are not securities. The move is in line with intergovernmental money-laundering watchdog the Financial Action Task Force and its request to its over 200 member nations to help them prevent money laundering.
Typically after a new cryptocurrency coin listing on OKEx, the new coin has showed a positive price jump five days later. In November 2019, new digital asset exchange rules were announced by the Hong Kong Securities & Futures Commission . According to Reuters, OKEx said that they don’t expect to see a large number of exchanges opting into the new regulations but said the new rules are positive for the industry.
Gensler Hedges On Classifying Cryptocurrencies As Securities In Response To Senator’s Questions
After the account verification is done with the 6-digit pin code now, the users will have to fund their respective accounts. OKEx allows multiple crypto coins to make the deposits, and therefore users can choose from their preferred cryptocurrencies to fund their accounts. There is a separate tab named “Assets,” clicking which the pop-up menu will appear, and users can select the “deposit” option to make the deposits. This will open the various cryptocurrencies allowed on the platform, and their users can choose their preferred ones.
Can I buy Dogecoin on OKEx?
OKEx. … Users can also access their account on the OKEx mobile app, which can be downloaded from the Google Play Store or Apple’s App Store. Once an account has been set up, users can buy Dogecoin by selecting it from a drop-down menu of all cryptocurrencies available.
In response, OKEx halted customer withdrawals of digital assets, though hours before the news large amounts of bitcoin, ether, and TRX were moved from OKEx-affiliated accounts, according to Whale Alert. OKEx is a crypto exchange & trading platform that allows you to buy and sell crypto as well as a wide variety of cryptocurrencies to trade, across various spot and derivatives markets. Additionally, the platform offers many other services such as crypto lending & borrowing, and even runs its own crypto mining pools and staking services. HONG KONG – OKEX, one of the world’s largest cryptocurrency exchanges, said on Friday it had suspended withdrawals of digital assets, also known as cryptocurrencies.
Crypto Mining Pools
OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. OKEx has been in operation for over 6 years without any major loss of funds occurring.
- ● We offer diverse asset classes for millions of crypto traders in over 200 countries.
- Trade over a hundred types of tokens including Bitcoin, Ethereum & Litecoin with leverage options.
- All user-asset deposits and withdrawals require layered risk-management mechanisms before being posted to the blockchain for confirmation.
- Trading fees are offered in a volume-based maker-taker fee schedule, with some fees starting from as low as 0.03%.
- In a nutshell, options are tradeable contracts which give the owner the right – but crucially, not the obligation – to buy or sell an asset at a certain price on a certain future date.
Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days. There are various types of orders available in the market that help investors to place a trade at a predefined volume and price. Algo orders are such special orders that are extremely vital for active day traders.
An Exchange Spokesperson Said The New Anti
Our crypto derivatives market has been topping the industry by trading volume. Unlike other investment options such as stocks, mutual funds, among others, there are no government organisations which regulate cryptocurrencies around the world. Moreover, the Indian government has not yet given the status of legal tender to any cryptocurrency. Finally, regarding deposit fees, OKEx is a no-fiat exchange and does not charge anything for funding the account with cryptos as well. Use this link to sign up to FTX and get a 5% trading fee rebate on your trades. Use this link to sign up to Bithumb and get a 10% trading fee rebate on your trades. Use this link to sign up to Poloniex and get a 10% trading fee rebate on your trades.
One exchange review reveals that the exchange is registered under OKCoin, where OKEx focuses more on providing a trading-focused version of it. Though the exchange boasts high trading volumes due to its wide market access, one exchange review reveals that it is not as popular in the West due to its Chinese roots.
Flexible Lending Options
Cryptocurrency exchange OKEx has launched a new platform for minting and trading non-fungible tokens . OKEx Korea previously announced on March 18 it would cease operating in the local currency market until March 25 when the revised legislation comes into effect. okex exchange It has since only been operating markets in bitcoin, ether and tether. The South Korean arm of the cryptocurrency exchange OKEx has decided to shut up shop rather than attempt to navigate revised regulatory hurdles that come into effect on Thursday.
Flow is a decentralized blockchain platform created for gaming and non-fungible token use cases. It’s already home to an NFT making mainstream headlines — NBA Top Shot. OKEx is one of the first exchanges in the world to offer FLOW trading, which launches today with three trading pairs. OKEx also has their own token, OKB, which provides a discount in trading fees provided the trader’s user account holds enough of it per their fee tier list.
On December 26, the online cryptocurrency news service CoinTelegraph reported that OKEx had said initially only a selected subset of its customers would be able to trade options at first. OKEx offers cryptocurrency-to-cryptocurrency trading services, including spot trading, futures trading, and perpetual swaps. Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The system’s mission is to make cryptocurrency trading and investing easily accessible to anyone regardless of where they are. Over the years a number of exchanges have had issues and have worried customers by stopping deposits and withdrawals for a period of time.
Anyone else blown away by the numbers 😱
2.5 Million Now 😎$THG
— Jimmy Crypto (@jimmykwilson82) December 2, 2021
Recent data shows one-week volumes are now totaling $353 million – a new all-time high record that keeps getting broken again and again. At the close of 2020, all eyes were on Bitcoin as it ended its most remarkable year on the books. Around the same time, CME revealed it would debut ETH futures on the institutional-focused platform. Since the date that announcement was made, Ethereum is up around 500%. Additionally, “convenient farming tools” will be introduced in the future that will allow users to have simple access to yield farming protocols and invest their assets “easily and securely”. The platform currently supports a number of projects, which are due to be minted in the coming weeks before being listed on the secondary marketplace. The platform will also allow users to mint their own NFTs “of any kind” using both blockchains and enable users to set their own royalty fees.
A recent addition to the exchange’s suite of additional functionalities has been the addition of algorithmic trading tools. From the home page, you can select “Basic Trading,” which allows for spot and simple option trading. Check out our top picks of the best online savings accounts for August 2021. On October 16, 2020 OKEx temporarily suspended withdrawals following its founders alleged arrest.
— CoinTrendz.com (@CoinTrendz) December 6, 2021
When Bitcoin futures were introduced on the Chicago Mercantile Exchange, otherwise known as CME, it was the end of the bull market and the very top of the rally. But when Ethereum futures were introduced just three months ago, it started a chain reaction that took the altcoin into superstardom. To use the dashboard, users are required to use the OKEx Wallet browser extension, which is compatible with both blockchains. The rating results published on Cointelligence are based on an independent rating system developed by the Cointelligence team. They do not reflect any official governmental approval or regulatory compliance. According to Forkast.news, the Ontario Securities Commission is examining holding the operators of the OKEx Platform (Aux Cayes Fintech Co. Ltd.) accountable for alleged securities law violation. For the most part, people don’t see this as a death knell to OKEx yet, or a shot across the bow of China and Hong Kong’s crypto market.
Okex Frequently Asked Questions And Information
Okcoin assured investors that all services remained intact on the exchange. Full BioNathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Percentage calculations show that the metric indicates over 96% of the USDT held by Okex has been withdrawn in as little as ten days’ time.
- OKEx is a crypto exchange & trading platform that allows you to buy and sell crypto as well as a wide variety of cryptocurrencies to trade, across various spot and derivatives markets.
- The more professional nature of OKex’s exchange platform also means that it places more demand on hardware than the average cryptocurrency exchange.
- Manage your crypto with advanced tools for Bitcoin and cryptocurrency mining pools and wallet management.
- Since its inception, Okcoin has developed into one of the largest cryptocurrency exchanges in the world by user base and transaction volume.
- The exchange is well capitalized and has attracted over $10 million from investors like Tim Draper, Ceyuan, and Mandra Capital.
- ● Set price alerts to receive real-time notifications on your favorite cryptocurrencies.
- Institutional investors are hungry for ETH exposure everywhere they can get it.
Apart from cryptocurrencies, OKEx also offers spot trading, futures trading, and derivatives trading, and as such, it is considered the largest spot and derivatives exchange in the world . The present CEO of the OKEx trading platform, JayHao, had a profound interest and expertise in game development before he joined the cryptocurrency trading platform. We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Our BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.
CoinDCX’s DCXfutures is currently open for invitation-only access for select users. $1 billion industry to $3 billion within two months—potentially drawing in new users and institutional uptake as the market continues to boom.
On clicking the “Quick Trade” option, traders are asked what they want to do- buy or sell. In case they select the “buy” option, next, they will have to select any one of the supported fiat currencies and set the amount of a specific crypto that they wish to buy with the fiat. Users will then be directed to a separate page where OKEx offers the best prices for cryptocurrencies provided by a third party. They aim to provide a safe, reliable, and stable environment for digital assets trading. The exchange uses KYC (know-your-customer); users must complete at least KYC verification level 1 in order to withdraw tokens from OKEx. OKex is listed on CoinMarketCap.com as one of the largest international cryptocurrencies exchanges in the world and it claims daily turnover of $1.5 billion only from its Bitcoin futures trading product. However, along with other prominent Chinese-owned cryptocurrency exchanges, doubt has recently been raised as to whether real turnover figures are as high as reported amid claims of exaggeration and manipulation.
How much Bitcoin do you get from mining?
The rewards for Bitcoin mining are reduced by half roughly every four years.1 When bitcoin was first mined in 2009, mining one block would earn you 50 BTC. In 2012, this was halved to 25 BTC. By 2016, this was halved again to 12.5 BTC. On May 11, 2020, the reward halved again to 6.25 BTC.
Author: Helen Partz