OKEx Crypto Exchange Review Philippines
OKEx is the second biggest crypto exchange worldwide by volume. It is under OKCoin, similar to how Coinbase owns Coinbase Pro. Furthermore, it is designed for experienced traders and maybe a bit complex for newbies.
OKEx was founded in China last 2014 but recently relocated to Malta, a safe regulatory haven for many crypto companies. Unfortunately, it might have adopted China’s stringent regulation on cryptocurrencies as it is a bit conservative on who can use its services. OKEx currently prohibits customers from USA, Hong Kong, Malaysia, Syria, Cuba, Iran, and many other countries from trading on their platform.
The exchange has numerous trading pairs (almost 400) and also offers a fiat gateway. Moreover, they offer a “Favorites” tab for users to mark tokens they want to keep an eye on.
First of all, we need to define a Futures contract, which is an agreement to trade an asset at a predetermined price at a specified date in the future. Futures trading is simply the trading of these contracts.
It is a Virtual Financial Asset (VFA) derivative trading service and platform designed by OKEx. These VFAs include BTC, BCH, LTC, ETH, ETC, and others approved by the exchange.
OKB is the exchange’s native token with a total supply of 1 billion with only 300 million in current circulation. It is used to incentivize investors to use OKEx by offering them advantages such as service fee rebates, depending on the amount of OKB they are holding.
OKex charges 0.1% for both maker and taker fees to all crypto trading pairs. As for fiat trading, it currently has no fee structure since February last year.
For futures trading, they charge 0.015% for the maker, taker, and settlement fee for BTC, respectively. With ETH, ETC, LTC, it’s a little varied: 0.025% maker fee, 0.075% taker fee, and 0.05% settlement fee.
OKEx recently launched its own IEO platform called OK Jumpstart, offering the token sale of BLOC. Allegedly, all 500 million BLOC tokens were sold out in less than a second last April 10. The exchange received criticisms and complaints from users regarding how the IEO turned out.
Some pointed out the fact that the exchange must have had printed 200 million more OKB since each trader is required to have a minimum of 500 OKB to participate, and there were reportedly over a million subscribers, which means there must have been at least 500 million OKB while the reported circulating supply is only 300 million.
Update: However, during the Bloc IEO, the sale price was 0.005 USDT or 1 OKB = 400 BLOC. This means only 1.25M OKB would be needed for the token sale to sold out. Details of the BLOC sale can be found on this page.
This article first appeared on BitPinas: OKEx Crypto Exchange Review Philippines
Resources: BTC News, Okex, Blockonomi
CBD For Dogs
[…]one of our guests a short while ago suggested the following website[…]
The facts mentioned within the report are a few of the most effective obtainable.
Always a major fan of linking to bloggers that I appreciate but dont get a lot of link adore from.
[…]we came across a cool web site that you could possibly love. Take a look if you want[…]
[…]just beneath, are various entirely not connected web pages to ours, on the other hand, they are surely worth going over[…]
Japanese Porn Land
[…]check beneath, are some completely unrelated internet websites to ours, nevertheless, they are most trustworthy sources that we use[…]
[…]Wonderful story, reckoned we could combine some unrelated information, nonetheless really worth taking a look, whoa did one particular master about Mid East has got far more problerms too […]
cavapoo puppies for sale
[…]please pay a visit to the web-sites we follow, such as this a single, as it represents our picks from the web[…]
[…] OKEx […]
marijuana strains for sale
[…]just beneath, are many totally not connected web-sites to ours, however, they’re certainly really worth going over[…]
[…]Here are a number of the web pages we recommend for our visitors[…]
[…]please pay a visit to the web pages we follow, including this one, because it represents our picks from the web[…]
Mountain bike clothing
[…]check beneath, are some entirely unrelated internet websites to ours, having said that, they’re most trustworthy sources that we use[…]
kratom for sale
[…]we prefer to honor quite a few other world-wide-web web-sites on the web, even though they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
[…]that would be the finish of this post. Here youll come across some web-sites that we believe youll value, just click the links over[…]
BLACKBERRY KUSH DANK VAPES
[…]usually posts some pretty intriguing stuff like this. If youre new to this site[…]
[…]usually posts some really fascinating stuff like this. If you are new to this site[…]
[…]The information and facts mentioned in the write-up are some of the very best readily available […]
[…]one of our visitors not too long ago advised the following website[…]
check out canada immigration news
[…]the time to study or visit the material or internet sites we’ve linked to below the[…]
best cbd oil
[…]although sites we backlink to below are considerably not related to ours, we feel they are in fact worth a go as a result of, so have a look[…]
cbd near me
[…]we like to honor numerous other net web sites around the net, even if they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
cbd oil for dogs
[…]the time to study or pay a visit to the content material or web-sites we have linked to below the[…]
best cbd for dogs
[…]Here is an excellent Blog You might Uncover Intriguing that we Encourage You[…]
using sex as an exercise
[…]the time to read or take a look at the content or websites we’ve linked to below the[…]