OKEx Crypto Exchange Lists Bitcoin Cash ABC Under Original Bitcoin Cash Ticker

The Malta-based cryptocurrency exchange OKEx announced that it will list Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH, according to an official statement Dec. 11. According to the announcement, the sixth largest crypto exchange will change the ticker of Bitcoin Cash ABC from BCHABC to BCH. It will also change the Bitcoin Cash SV ticker from BCHSV to BSV. The ticker switch will take place at 5 a.m. UTC+1 on Dec. 13. Spot trading of both BCHSV and BCHABC will be suspended while all remaining balances of the…

Crypto Exchange OKEx Launches ‘Perpetual Swap’ Derivative Product

Malta-based cryptocurrency exchange OKEx has launched a new derivative product called  Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3. Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent. Per the release, the new derivative product allows users to perform perpetual swaps, futures…

Crypto Giant OKEx Deslists Several Trading Pairs

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Today brought news of OKEx exchange delisting several additional trading pairs. This is the third time OKEx has delisted a group of assets. OKEx Delisting In an announcement today on their website support page, OKEx stated the delisting of thirty-eight different cryptocurrency trading pairs. OKEx directed the announcement toward its customers, explaining the delisting of multiple assets was due to their low volume and liquidity. Several notable…

OKEx Will Delist Another Wave of Trading Pairs Over ‘Weak Liquidity’

Major Hong Kong-based cryptocurrency exchange OKEx announced it was delisting a second swathe of trading pairs due to “weak liquidity” in a blog post Nov. 27. OKEx, which announced its intention to begin delisting certain pairs and tokens in October and removed the first batch Oct. 31, will now remove a further 49 trading pairs from its order book. This, the announcement says, is in order to “create a robust trading environment and offer the best trading experience” for traders. Some assets will lose certain trading pairs, while withdrawals of…

How OKEx Exchange Is Handling “Market Manipulation” Case

Last week, OKEx exchange faced negative publicity and accusations of marketing manipulation after adjusting Bitcoin Cash (BCH) futures settlements during the notorious hard fork. On November 20, the exchange responded to those allegations, essentially defending its decision and promising to provide evidence if the case goes to court. Curiously, it is at least the third time this year that OKEx has shown strange price volatility on their exchange. Brief introduction to OKEx, major crypto futures trading player OKEx was founded in 2017 as an international arm of the no longer…

OKEx Rebuffs Market Manipulation Claims Over Early Bitcoin Cash Futures Settlement

The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph. The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over the decision, pundits complaining it had overstepped its remit in freely deciding when and how futures contracts would be settled. In particular, a dedicated Medium post by an entity calling itself AMBER AI accused OKEx…

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of participating in an unregulated industry. OKEx Justifies Early Delivery On November 14, 2018, as Bitcoin Cash’s prices were falling, OKEx quickly settled Bitcoin Cash futures contracts almost without warning. According to OKEx’s blog post, the cryptocurrency exchange brought the delivery…

Parent Co. of World’s Largest Crypto Exchange OKEx Launches Trading in Argentina

OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has  launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.”   OKCoin has also revealed its plans to extend its services all over Latin America, adding other…

OKEx Notes Early Delivery of BCH Futures After Trading Stop to Avoid Market Manipulation

The world’s current biggest crypto exchange OKEx has announced early delivery of Bitcoin Cash (BCH) futures contracts immediately after trading stop time today, Nov. 14, according a press release shared with Cointelegraph. As per the announcement, all Bitcoin Cash futures contracts have been set to stop trading at 9:05AM CET and delivered subsequently at 10:00AM CET due to the upcoming hard fork of Bitcoin Cash, Bitcoin ABC, scheduled for tomorrow, Nov. 15. According to Twitter, OKEx has released a notice on early delivery of Bitcoin Cash futures eight hours ago…

OKEx Adds Support for the Vietnamese Dong on Its Fiat-to-Crypto Platform

Malta-based cryptocurrency exchange OKEx has added the Vietnamese Dong (VND) on its Customer-to-Customer (C2C) trading system, enabling Vietnamese customers to exchange their fiat currency for tokens on the platform. The C2C platform was created by OKEx in 2017 as a peer-to-peer platform where users can buy and sell cryptocurrencies using fiat currencies. OKEx’s Head of Operations Andy Cheung noted that the addition of the VND on the company’s fiat-to-token platform would drive the adoption of cryptocurrencies in Vietnam. “Vietnam is one of the most important blockchain hubs in Southeast Asia.…