Middle East Trading Firm adds Bitcoin Cash, Ripple, Litecoin

According to the latest news from ADS Securities, OREX users can trade Ripple, Litecoin and Bitcoin Cash in addition to Bitcoin and Ethereum
05 April 2018   475

Abu Dhabi-based ADS Securities is the largest brokerage by volume in the Middle East and one of the fastest growing forex and investment companies globally. It provides sophisticated forex, bullion and commodities trading solutions to institutional and private investors. 

ADS Securities is a leading multi-market institutional FX brokerage, and currently it offers four trading solutions for institutional clients:

  • OREX Optim: new generation platform for FX and derivatives trading
  • OREX Pro: specialist institutional platform for FX trading
  • OREX Direct: FIX solutions across all platforms
  • OREX Match: liquidity matching solution

ADS Securities has been expressing interest in cryptocurrency market and trading, and previously it allowed Bitcoin and Ethereum currencies on the platform. According to the latest news from the firm, OREX users can now also trade Ripple, Litecoin and Bitcoin Cash.

Cryptocurrencies have been making waves for some time, however now that understanding of the market is growing, we believe it is the right time to introduce more coins on to our OREX Platform.
 

Jason Hughes

Head of Retail Sales, ADS Securities

TheHead of Retail Sales at ADS Securities stated that flexibility of CFDs allow users to take long or short positions, helping their management of exposures and positioning during the current volatility in these markets. Traders do not have to setup crypto wallets or deal with exchanges which makes their lives a bit easier.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   110

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.