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What Is OKEx?

OKEx is one of the world’s biggest crypto exchanges in terms of volume. 

Founded in 2017, the company’s goal was to deliver advanced tools to traders. 

Overall, the exchange boasts hundreds of trading pairs, and also enables users to gain exposure to futures contracts. 

According to OKEx, it has amassed millions of users in more than 100 countries over the years. It was founded by Star Xu — and Jay Hao currently serves as CEO as of December 2020.

In 2020, the company was forced to abruptly suspend withdrawals for a period of six weeks while an executive co-operated with an investigation. 

Although OKEx says the exchange was not implicated in any wrongdoing, the incident left customers unable to access their funds for a prolonged period of time. A compensation program was subsequently introduced in order to try and win back confidence.

What Does OKEx Specialize In? (OKB)

According to its website, OKEx believes that blockchain technology will remove obstacles to transactions, increase their efficiency at all levels of society, and ultimately have a significant impact on the global economy. 

“We strive to change the world, never stop innovating and improving the user experience of our customers,” OKEx says.

OKEx provides a secure, reliable and stable environment for trading digital assets through its web interface and mobile application by adopting GSLB, distributed server clusters, and other cutting-edge technologies. The company also says that new products are developed in line with suggestions and feedback given by its community of traders.

The OKEx Coin (OKB)

The OKB token was issued for the first time in March 2018 — providing discounts on trading fees, and enabling owners to vote on which tokens they would like to see added to the exchange in future.

What Bonuses Is OKEx Known For? (OKB)

OKEx offers crypto enthusiasts several tiers of trading fees, beginning at 0.1% for maker fees and 0.15% for taker fees.