OKCoin refuses the use of idle client funds

OKCoin makes an announcement about its policy regarding properly safeguarding idle client funds
28 August 2017   3187

About a week ago, it was reported that two of China’s ‘three exchanges’, Huobi and OKCoin, have reportedly dipped into 1 billion yuan ($150 million) of idle users’ funds to invest into risky, high-yielding financial products.

Now, OKCoin, an exchange platform occupying the sixth position in the list of all digital currency exchanges on coinhills.com, dismisses such claims.

Recently there have been rumors and false allegations regarding OKCoin, and its affiliates, in their use of idle client funds. We would like to assure all parties, and especially our customers, that we have a strict policy of placing idle client funds into bank-backed low risk products for safe-keeping.

OKCoin team

The company continues arguing that they consider the safety and integrity of the client funds as their "most important responsibility". Thus, OKCoin refutes any claims to the contrary as false.

It's also noteworthy, that at the time of writing, Huobi has not issued an official statement about the allegations of diversion of customer funds. 

Poloniex Wants to be Tron Super Representative

If the exchange will be elacted, it will be able to participate in the distribution of awards for one and a half million TRX daily
18 November 2019   66

The Poloniex cryptocurrency exchange this Monday announced the nomination of its candidacy for the role of validator in the blockchain project system TRON.

If successful, the exchange will be able to participate in the distribution of awards for one and a half million TRX daily. At the time of publication, she ranks 92nd in the general list of candidates with 32,626 votes, while the last super-representative in the 27th position has 262,320,639 of them.

Some time before, Poloniex opened several trading pairs for the TRX exchange and announced an official collaboration with Justin Sun's project.