OKEx Adds New Pairs for Margin Trading

The users of OKEx can borrow tokens, executing positions with 3 times of their capital
11 April 2018   1237

The cryptocurrency exchange OKEx lets its users be involved in a margin trading of tokens. The users can borrow tokens, executing positions with 3 times of their capital. The important thing is that the potential return is therefore maximized, but so is the potential loss. Also, the users can short sell positions by selling borrowed tokens and buying back after a period of time to earn the difference.

On April 11, OKEx has announced adding 7 new trading pairs for margin trading. Among them are:

  • BCH/USDT
  • LTC/USDT
  • ETH/USDT
  • ETC/USDT
  • ETC/BTC
  • IOST/BTC
  • QTUM/BTC

What is more, OKEx warned its users that they should carefully evaluate the intended investments in light of their knowledge, experience, financial positions and objectives in order to avoid unexpected losses.

Previously, we have reported that OKeX was among those exchanges which had warned users of a fraudulent Centra ICO project and announced their plans to delist CTR tokens.

OKEx to Launch Own ERC-20 Based Token

In total, 300 million OKB tokens have entered the public network and they have confirmed that are going to launch OKChain in June
29 April 2019   417

OKEx cryptocurrency exchange announced the launch of its own OKB token in the public blockchain. Starting from Monday, April 29, users will be able to display OKB tokens in wallets that support the ERC-20 standard, or in a cold storage in the exchange application.

In total, 300 million OKB tokens have entered the public network.

The developers also confirmed that they expect to launch OKChain in June. After the confidence that OKChain is working stably, OKB coins migrate from the ERC-20 standard to the main network of the new blockchain.

OKB tokens are intended primarily for the future decentralized exchange: they can be used to pay for transaction fees, as well as in decentralized applications based on OKChain. In addition, OKB will be used in the tokens' pre-sales, for voting and paying for the service fee of supernodals.

Of the 1 billion OKB, 700 million tokens are currently blocked. Of these, 300 million coins were originally to be distributed among OKEx users as part of a loyalty program. The remaining 400 million OKB will remain under the control of the OK Blockchain Foundation and Exchange teams. The lockout period will end in 2022.