Third-Top Exchange OKEx Lists Ripple and Bitcoin Cash on Customer-to-Customer Platform

Malta-based major cryptocurrency exchange OKEx has listed Ripple (XRP) and Bitcoin Cash (BCH) on its customer-to-customer (C2C) trading platform, according to a press release shared with Cointelegraph on Feb. 22. OKEx, the top third crypto trading market by daily trading volumes at press time, now allows users to buy or sell XRP and BCH with five supported fiat currencies: the British pound (GBP), Chinese renminbi (CNY), Vietnamese dong (VND), Russian ruble (RUB) and Thai baht (THB) on the OKEx C2C trading platform. The Thai baht was added to the OKEx…

Major Crypto Exchange OKEx Adds Four New Margin Trading Pairs

Malta-based cryptocurrency exchange OKEx has added four new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph on Feb. 19. OKEx, the third-largest crypto exchange by trade volume, has announced the listing of Bitcoin SV (BSV), QTUM, DASH and NEO against Bitcoin (BTC) or Tether (USDT) on margin with a 3x leverage option. Last month, OKEx added seven new crypto derivative pairs to its platform, including Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), as…

Top Five Exchange OKEx Launches Thai Baht Trading on Its P2P Platform

Top five Cryptocurrency exchange OKEx has launched support for Thai baht-crypto trading on its client-to-client (C2C) platform, a press release shared with Cointelegraph on Feb. 14 reveals. According to the press release, currently only Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin (LTC) can be traded with the Thai baht on the exchange’s peer-to-peer platform. The exchange first announced that it would be adding support for the fiat currency in a post on Jan. 23. The post was also dedicated to recruiting merchants for the new market. In the same…

OKEx to Open Thai and U.K. OTC Trading Desk

OKEx to Open Thai and U.K. OTC Trading Desk January 25, 2019 by Paul de Havilland OKEx has announced plans to open an over-the-counter (OTC) trading facility for users in the U.K. and Thailand. The move sees the exchange open the doors for fiat deposits of the Pound Sterling (GBP) and the Thai Baht (THB). Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts OKEx Winning Hearts, Minds, Pounds, and Baht The unusual combination of…

Huobi and OKEx to Support Upcoming Ethereum Constantinople Hard Fork

Leading cryptocurrency exchanges OKEx and Huobi Global will support the Ethereum (ETH) Constantinople hard fork which is estimated to happen between Jan. 14 and 18, according to a press release shared with Cointelegraph. The Constantinople hard fork is an upgrade, which is supposed to fundamentally change the Ethereum blockchain, with the synchronous nodes update to the entire system. The hard fork encloses separate Ethereum Improvement Proposals (EIPs) in order to soften the transition from proof-of-work (PoW) to the more energy efficient proof-of-stake (PoS) consensus algorithm. OKEx will reportedly take a…

Major Exchange OKEx Adds 7 New Pairs to Crypto Derivative Product

Major cryptocurrency exchange OKEx has added multiple new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph Jan. 3. As Cointelegraph reported in late December, the exchange first launched a derivative product called a “perpetual swap” that supports BTC/USD,with up to 100x leverage. As Cointelegraph reported at the time, the product is a margin trading instrument that lets users speculate on the future value of a given cryptocurrency against USD, according to OKEx’s index. Today, the exchange announced it will add perpetual swaps contracts for…

Bitcoin Price Analysis: BTC Bull Barrier at $4,100, OkEx Wash Trading

Latest Bitcoin News As a year comes to a close, BTC prices are stable and bullish. Still, investors are edgy, and unless otherwise, prices surge past key liquidation levels then we shall retain a neutral stand. At the moment though, our attention shifts to a new report by Blockchain Transparency Institute (BTI). According to BTI, up-to 80 percent of mainstream exchanges where traders get to exchange main coins for altcoins are Wash Trading. Wash trading is where an exchange creates a false impression that there is demand by simultaneously buying…

Second Largest Exchange OKEx Launches New Crypto Derivative Product

Malta-based major cryptocurrency exchange OKEx has launched a new crypto derivative product, according to a press release shared with Cointelegraph, Dec.19. As Cointelegraph reported at the beginning of the month, the new product, dubbed Perpetual Swap, is a virtual derivative that lets users speculate on the future value of BTC/USD, according to OKEx’s index. Per the release, currently each swap contract has a notional value of $100 equivalent in Bitcoin (BTC) and features leverage ranging from 1x to 100x. Moreover, perpetual swaps reportedly have no expiration, meaning “positions can be…

OKEx Exchange Starts With No-Expiry Bitcoin Derivative Product

Photo: OKEx / Twitter The product was announced on Tuesday, and with it, traders now have the ability to speculate on the value applied between OKEx’s BTC to the USD Index, giving a $100 nominal value for each of the swap contracts. Traders have the option to either long or short or position, giving them profit from the increase or decrease in price, respectively. To explain, perpetual Swap is a peer-to-peer, virtual derivative that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly…

OKEx Launches No-Expiry Bitcoin Derivative Product

Malta-based OKEx, currently the second largest crypto exchange by 24-hour adjusted volume, has launched a new bitcoin derivative product with no expiry date, meaning that positions can be held indefinitely. Announced Tuesday, the product, dubbed a “perpetual swap,” allows crypto traders to speculate on the future value of OKEx’s bitcoin (BTC) to U.S. dollar (USD) index. Each swap contract has a notional value of $100 equivalent in BTC, the exchange said in a statement, adding that traders can either long a position to profit from an increase in bitcoin’s price…