Following the 90% collapse of $OM, exchanges Binance, OKX, and Bybit have issued separate statements addressing the price crash, insider claims, and cross-exchange liquidations. Here’s what each platform said.
The rollout will begin in phases to ensure a smooth onboarding process, with a full nationwide launch expected later this year.
Basically, cryptocurrencies can be used for off-exchange collateral for trading.
OKX has released its 29th proof-of-reserves report, confirming $24.6 billion in assets and over 100% reserve ratios for BTC, ETH, USDT, and USDC.
OKX said it has implemented new security measures, including a hacker address detection system and real-time transaction tracking to block suspicious activity.
From Taiwan’s national digital wallet rollout to Binance securing a $2 billion investment, this week saw major developments in the crypto industry. Regulatory disputes, investment deals, and partnership clarifications shaped the landscape, while Binance founder Changpeng “CZ” Zhao pushed back against media reports. Here’s a roundup of the top crypto stories you may have missed….
OKX releases its 28th Proof of Reserves (PoR) report, revealing $28.1 billion in assets backing customer funds.
Bybit CEO Ben Zhou made it clear in a post on X that his exchange will not list PI, responding bluntly to inquiries about the token.
To limit volatility, OKX has order and price limits for the first few minutes of trading.
The OKX Alpha Traders Summit in Bali gathered over 200 top traders, including Filipino web3 leaders, to exchange insights, discuss advanced strategies, and explore the latest OKX innovations.
