OKX

OKX launches crypto exchange, wallet services in Brazil

Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and c ...

One year on: Top 3 gainers after the ‘FTX crash bottom’

It's been a year since the demise of the FTX exchange — an event that's now increasingly looking like it was the Bitcoin (BTC), which is up roughly 120% from a year ago.In November 2022, the FTX collapse wiped nearly $300 billion off the market cap, impacting several crypto ...

OKX joins Komainu and CoinShares for institutional segregated asset trading

Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward.According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a thi ...

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. ...

OKX CCO Lennix Lai Discusses Crypto’s Advantages, Regulation, and KYC Implementation

Lennix Lai, the Global Chief Commercial Officer at OKX, discussed various aspects of the cryptocurrency industry during an interview at the Blockchain Economy Summit in Dubai. Here are some key points from the interview: Crypto vs. Traditional Finance: Lai highlighted the differences between work ...

OKX plans to enter India, hire local employees for Web3 exploration

reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. OKX’s CMO, Haider Rafique, said it plans to scale up its wallet services “exponentially” vi ...

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative ...

Bitget Cryptocurrency Exchange Implements First-Level Verification for User Security

Cryptocurrency exchange Bitget has introduced forced first-level verification for users. The company announced this on its blog. Exchange officials say the measure is intended to "better protect the rights and interests of users, comply with regulatory requirements in the cryptocurrency sector an ...

OKX Enhances Verification Procedure After Service Unblocking in Russia

Cryptocurrency exchange OKX has tightened the verification procedure for customers after unblocking its service in Russia. The company assures that the reason is due to OKX's priorities - "platform and user security." "If your account has not yet been ver ...

3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support

Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 rang ...

Basis trading, simplified, and how exchanges adapt to institutional needs — Q&A with OKX

In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. ...

Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?

After a momentary retest of the $25,000 support on June 15, Bitcoin (BTC) gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months.The dismissal of Binance.US's tempo ...

Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. Additionally, BlackRock’s application to launch a Bitcoin spo ...

Dubai’s VARA approves OKX ‘preparatory’ license as part of exchange’s expansion plans

The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region.In a June 15 notice, OKX said amid the regulator’s licensin ...

Liquidity Shift: Ether Withdrawals Surge from U.S. Exchanges Amid Regulatory Pressure

It's Binance, Bitfinex, OKX, Coinbase and Kraken At the same time, ethers began to actively leave U.S. exchanges Experts believe other cryptocurrencies will soon begin to leave the U.S. According to a Kaiko report, 72% of ETH liquidity is concentrated ...

OKX Explores France as Regional Hub and Plans to Hire 100 Employees

Cryptocurrency exchange OKX is looking at France as a regional hub in Europe and also plans to hire about 100 people over the next three years, spokesman Tim Byun said. "We intend to hire 100 full-time employees over the next three years.. I think we'll hi ...

OKX Plans to Establish Representative Office in France and Hire 100 Staff Members

They plan to open a representative office in the region And hire a staff of 100 people Krypto-exchange OKX has applied in France to become a digital asset service provider (DASP). The documents will be reviewed by the Autorité des Marchés Financiers and the Au ...

Kraken Lists PEPE Token: A New Memcoin Challenger to Dogecoin and Shiba Inu

Cryptocurrency exchange Kraken announced the listing of a new popular token called PEPE, inspired by the iconic Internet character Pepe the Frog. "PEPE's hype token meme has been launched on the Etherium blockchain in April 2023. It quickly gained popularity among cryp ...

Binance Ceases Operations in Canada Amid Regulatory Concerns

The exchange called its exit "precautionary." The company also blamed new regulations Binance promises to continue cooperating with regulators Close positions until September 30, 2023 The world's largest cryptocurrency exchange, Binance, a ...

OKX Tightens KYC Verification Process and Lowers Withdrawal Limit for Users

Cryptocurrency exchange OKX announced that it has tightened its KYC ("Know Your Customer") verification process and lowered the daily withdrawal limit for users. The innovations apply to users of the first level of KYC. Now instead of 200 BTC per day they can withdraw onl ...

OKX Returns $60 Million in Crypto Assets to Alameda Research Wallets

They have begun returning frozen assets And plan to transfer a total of $157 million in coins A couple of hours ago, OKX sent over $60 million in crypto assets to Alameda Research wallets. They conducted a total of 16 transactions in different cryptocurrencies. ...

OKX Plans to Open Office in Turkey for Blockchain Innovation

Cryptocurrency exchange OKX announced plans to open an office in Turkey in the coming months as it believes in the country's potential for Web3 and blockchain innovation. "Opening an office in Turkey will be an important step for OKX as we move from a trust-ba ...

Binance Leads the Pack as the Largest Crypto Exchange by Trading Volume

November collapse of FTX Group led to changes in the share and degree of influence of cryptocurrency exchanges in the digital assets market. Coingecko experts ranked the largest crypto-exchanges by their share in trading volumes. C ...

Sui Foundation Launches Layer-1 Blockchain and Sui Explorer

Sui Explorer was also unveiled The company announced the launch on the night of April 20 Sui tokens will be traded on major exchanges including Binance, OKX, Bybit and Kucoin https://help.twitter.com/en/twitter-for-w ...

Cryptocurrency Exchanges See Record Trading Volumes in March 2023

Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded. This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in M ...

OKX Cryptocurrency Exchange Plans Expansion to Australia

The OKX cryptocurrency exchange's management has revealed plans to establish a new office in Australia, citing the country's strong potential for growth and development of the trading platform as a key factor. According to Haider Rafique, OKX's Chief Marketing Officer, Australia is poised for a n ...

Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement

According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...

Cryptocurrency Exchange OKX to Cease Operations in Canada by June 2023

OKX, a popular cryptocurrency exchange, has recently made an announcement regarding its plans to halt operations in Canada by June 2023. The decision was made to avoid potential issues with local regulators. In an email sent out to its users, OKX management revealed that the marketplace will no l ...

OKX Cryptocurrency Exchange Experiences Temporary Failure, Assures User Funds are Safe

On March 17th, the OKX cryptocurrency exchange experienced a temporary system failure, which was quickly resolved by the technical team. The platform's security experts explained on Twitter that the issue was caused by intermittent server problems, but they were able to restore the platform's fun ...