In this OKEx exchange review we will explore how this new crypto exchange have managed to make itself a household name and strong competitor to Binance.
OKEx is the second biggest exchange for cryptocurrencies when comparing trade volume (24h). That counts for something, especially as they were founded in 2017. OKEx has their headquarter in Hong Kong, but has recently joined Binance in moving parts of their business to blockchain and tax friendly Malta. OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital cryptocurrencies.
OKEx like Binance is still a fairly young exchange, but has seen like Binance a huge growth in the past year. Even though like much of the other crypto exchanges has seen a lot of traffic decreasing during the long bear market of 2018.
OKEx launched in end of 2018 a new crypto derivative product, letting their customers speculate on the future value of BTC/USD (Cointelegraph).
The most trusted digital asset exchange
That’s what they’re calling themselves. Much to live up to of course with a statement like that in a crypto world where lots of exchanges in the past, and still are getting hacked. This is what they’ve got to add on this topic when talking about the potential market manipulation going on at OKEx:
“to make sure that it is one of the world’s most trusted indices, which maintain market stability and avoid malicious manipulation of prices. Furthermore, OKEx has adopted unique price limit rules to eliminate the possibilities of market manipulation (please see OKEx announcement on Mar 30 for new price limit rules details).”
OKEx signs MOU with MSX to launch new platform for Security Tokens
OKEx recently announced (2019 – February) that they are teaming up with MSX. The Digital and Fintech arm of Malta Stock Exchange Holdings to launch a new exchange in support of Malta’s “Blockchain Island” initiative.
“Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicentre. This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We believe OKMSX will be a milestone in the economic development of Malta,”
Tim Byun, Chief Risk Officer and Head of Government Relations of OKEx.
Lets find out more in this OKEx exchange review if this might be an exchange for you.