OKEx Expands to Malta Following Binance

OKEx found the Malta government’s approach appealing and decided to grow OKEx exchange further on Malta
12 April 2018   100

At the end of March 2018 we have reported that the Binance cryptocurrency exchange was planning to open offices in Malta. It seems like the sunny island is very attractive for the exchanges, as OKEx has also announced today that it has met with Maltese government and regulatory leaders to discuss their legislative plans. OKEx found the Malta government’s approach appealing and decided to grow OKEx exchange further on Malta.

We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.
 

Chris Lee

CEO, OKEx

Moreover, OKEx plans to become a member of Malta Blockchain community, and the exchange will also participate in Malta’s Government sponsored DLT Delta Conference which will be held in October, 2018.

The Hon. Silvio Schembri  meets with OKEx Chief Risk Officer Tim Byun and Vice President Jason Lau Silvio Schembri meets with OKEx Chief Risk Officer Tim Byun and Vice President Jason Lau

Malta is striving to become a "blockchain island", for instance, the new Malta Digital Innovation Authority certifies blockchain platforms used by companies in the country. The government of Malta really wants to bring some peace of mind to businesses using distributed ledgers for cross-border payments.

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   140

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.