Crypto lenders are the institutions situated between consumers and the untamed, blockchain-based, and often unregulated space of cryptocurrencies. As such, they are in a peculiar position when it comes to responsibility towards their customers and the assets for which they provide services. Consequently, when choosing which currencies to support, lenders lead a delicate dance of responsibility, a balancing act between catering to popular demand and adding cryptocurrencies that are sustainable, worthwhile and safe. Demand vs. approval: The question of endorsement It’s unsurprising that in a nascent industry full of new investors, a lender’s asset integration is often taken for endorsement. …
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 ETC mainnet is stable. Aiming to improve functionality As previously …
Malta-based cryptocurrency exchange OKEx has launched a new derivative product called Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3. Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent. Per the release, the new derivative product allows users to perform perpetual swaps, futures contract, and spot trade with margin and leverage simultaneously. OKex …
The Malta Stock Exchange (MSE) in collaboration with digital asset exchange OKEx will create a new institutional grade security-tokens trading platform, says a MSE press release shared with Cointelegraph on July 19. In mid-spring, major crypto exchange OKEx had moved to Malta, noting their “confidence” in the Maltese government’s approach to cryptocurrencies. The joint project, named OKMSX, launched after the signing of a Memorandum of Understanding (MoU) between MSE and OKEx, and aims to become a platform for digital asset exchanges with security expertise and client due diligence. MSX has also signed an agreement with Fifth Force, the operator of …
OKEx, a Hong Kong-based prominent crypto assets exchange and a top 3 trading floor in many crypto assets, implemented a participatory mechanism that allows its users to vote on token listing proposals. Under the scheme, projects supported by a majority of OKEx users will have the option for a priority listing review. To vote, the user must hold exchange’s own OKB token, that is used as a ballot - 0.1 OKB counts for one vote. OKEx has also introduced another method of fast-tracking tokens to get listed called “Community Building”. If a candidate project manages to bring at least 50,000 …