One crypto to many exchange service released by Shapeshift

Shapeshift launches new service Bitfract to allow exchange from one crypto for many in one go
27 February 2018   1511

Instant cryptocurrency exchange has launched beta version of the new service. Bitfract is a new step for forming diversified portfolios for experienced investors and newcomers alike. The obvious advantage is the ability to form multi-crypto portfolio avoiding multiple transactions and corresponding fees. The client pays only standard Shapeshift's transaction commission and recieves several coins in one go.

Shapeshift has long become one of the most popular exchanges on the account of its speed, convenience and versatility in working with cryptocurrencies. Integration into wallets has given the users ability to perform swaps between cryptos without first transferring funds to a centralized exchange, removing intermediaries and fees for multiple transactions. Bitfract is a logical step forward with the ability to switch between one base currency to several others in one go. The starting currencies right now include Bitcoin, Litecoin and Etherium.

While limited in functionality and base digital currencies right now, the service is still in beta and open for free for common user's usage. The utilization currently is marginal with only experienced traders who want to diversify their portfolios, but in time, Shapeshift is sure, the popularity will grow with more people refusing to put all the eggs in one basket, so to speak. The inclusion of Bitfract Labs with monitoring for each currency's historical graphs going back for years will surely help that.

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   79

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.