OKEx

arturvaMay 31, 2018153

What does the company/project do?

OKEx (www.okex.com) is one of the world’s leading trading platforms for digital asset trading. It provides currency and derivative trading services for digital assets such as Bitcoin, Litecoin, and Ether, and is a wholly owned subsidiary of OKEx Technology Company Limited.

The OKEx Exchange is the Hong Kong Stock Exchange, the launch date for the platform is spring 2017. At the moment, the exchange has 3 language interfaces, among which the main are: English and Chinese.

OKEx came out from under the wing of such a giant as OKCoin, about which literally everything was heard. How did it happen that one exchange “gave birth” to another? It turns out that OKCoin was banned from trading in futures in mid-2017, so OKEx was created, where this option is safe and moved. It is planned that OKEx will be used to trade only with digital assets, while OKCoin will focus on working with Fiat.

If you already have an account on OKCoin, then you can go and work on a new site.

Okex also provides margin trading in futures for the cryptocurrency. Also, the exchange has a built-in API for algo-trading -, especially for traders-professionals. In addition, you get access to the safe and multicurrency wallet.

Country: Hong Kong.

Head office: Unit 21, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong.

Registration on the Okex Exchange

Registration takes only a few minutes and does not look pretty complicated. In order to register, you need to perform several steps:

Select a country from the drop-down list.

Specify the mobile phone number.

Click on the “Send SMS Code” button and enter the received code into your cell in the “SMS Code” field.

Create a password and confirm it.

Mark two check marks, and press the “Sign Up” button.

You can always go through the registration procedure by email, without specifying a mobile phone number. The mobile phone can later be verified in your personal account.

Advantages and disadvantages of Okex

Along with other stock exchanges, the Okex trading platform has its own advantages and disadvantages. Let’s consider the main points. Benefits:

Ease of verification;

Significant turnover of cryptocurrency per day, increasing the liquidity of the system and ensuring a decent profit for traders;

Availability of margin trading tools;

Opportunity to work with futures;

A variety of cryptocurrency pairs;

A wide range of pairs to USDT.

Disadvantages:

There is no interface in Russian. Therefore, without even a minimal knowledge of Chinese and English, you may face difficulties in the work;

The FAQ section does not even provide an English version;

Lack of partner program;

The orientation of the exchange on the domestic market;

It is impossible to deposit funds into the account, as well as withdraw coins from the balance in “ordinary” money;

Taker and Maker orders when working with futures one commission value;

There is no Traiding.View graph.

Conclusion

Very few Russian-speaking populations use it. Pretty well-thought-out and reliable crypto-exchange exchange, the minus of which is the absence of charts for price analysis. Security, as it seems from the outside, at first glance, is at the height, but there are a number of shortcomings related to the fact that you must enter the password too often or you have to wait 24 hours after changing it. Reviews on the Internet and on the forums are quite contradictory.

Since it is based in China, it is focused primarily on the domestic market, not particularly in a hurry to go to foreign traders.

The site offers several trading instruments and extremely low commission fees in comparison with competitors. Well, adding futures contracts should attract the attention of professionals.

OKEx offers its customers also a desktop trading platform for Windows and Mac. It is much faster than the online version, but it is only available in Chinese.


  • TEAM
  • ICO
  • Useful links

What does the company/project do?

OKEx (www.okex.com) is one of the world’s leading trading platforms for digital asset trading. It provides currency and derivative trading services for digital assets such as Bitcoin, Litecoin, and Ether, and is a wholly owned subsidiary of OKEx Technology Company Limited.

The OKEx Exchange is the Hong Kong Stock Exchange, the launch date for the platform is spring 2017. At the moment, the exchange has 3 language interfaces, among which the main are: English and Chinese.

OKEx came out from under the wing of such a giant as OKCoin, about which literally everything was heard. How did it happen that one exchange “gave birth” to another? It turns out that OKCoin was banned from trading in futures in mid-2017, so OKEx was created, where this option is safe and moved. It is planned that OKEx will be used to trade only with digital assets, while OKCoin will focus on working with Fiat.

If you already have an account on OKCoin, then you can go and work on a new site.

Okex also provides margin trading in futures for the cryptocurrency. Also, the exchange has a built-in API for algo-trading -, especially for traders-professionals. In addition, you get access to the safe and multicurrency wallet.

Country: Hong Kong.

Head office: Unit 21, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong.

Registration on the Okex Exchange

Registration takes only a few minutes and does not look pretty complicated. In order to register, you need to perform several steps:

Select a country from the drop-down list.

Specify the mobile phone number.

Click on the “Send SMS Code” button and enter the received code into your cell in the “SMS Code” field.

Create a password and confirm it.

Mark two check marks, and press the “Sign Up” button.

You can always go through the registration procedure by email, without specifying a mobile phone number. The mobile phone can later be verified in your personal account.

Advantages and disadvantages of Okex

Along with other stock exchanges, the Okex trading platform has its own advantages and disadvantages. Let’s consider the main points. Benefits:

Ease of verification;

Significant turnover of cryptocurrency per day, increasing the liquidity of the system and ensuring a decent profit for traders;

Availability of margin trading tools;

Opportunity to work with futures;

A variety of cryptocurrency pairs;

A wide range of pairs to USDT.

Disadvantages:

There is no interface in Russian. Therefore, without even a minimal knowledge of Chinese and English, you may face difficulties in the work;

The FAQ section does not even provide an English version;

Lack of partner program;

The orientation of the exchange on the domestic market;

It is impossible to deposit funds into the account, as well as withdraw coins from the balance in “ordinary” money;

Taker and Maker orders when working with futures one commission value;

There is no Traiding.View graph.

Conclusion

Very few Russian-speaking populations use it. Pretty well-thought-out and reliable crypto-exchange exchange, the minus of which is the absence of charts for price analysis. Security, as it seems from the outside, at first glance, is at the height, but there are a number of shortcomings related to the fact that you must enter the password too often or you have to wait 24 hours after changing it. Reviews on the Internet and on the forums are quite contradictory.

Since it is based in China, it is focused primarily on the domestic market, not particularly in a hurry to go to foreign traders.

The site offers several trading instruments and extremely low commission fees in comparison with competitors. Well, adding futures contracts should attract the attention of professionals.

OKEx offers its customers also a desktop trading platform for Windows and Mac. It is much faster than the online version, but it is only available in Chinese.

On January 26, 2018, the OKEx Exchange announced the launch of its own utility-token. The new token was called OKB and was originally based on the ERC-20 standard.

In the message of the exchange, at the moment a significant part of the information regarding the OKB is still confidential, and additional details will be disclosed soon.

Nevertheless, the exchange already now declares that the launch of the token does not imply an ICO. In addition, in the future, OKB will be transferred to its own OKChain exchange. OKB will become a key part of the architecture and development of the exchange, while it will be accepted not only on OKEx but also in other projects of the company.

In total, it is planned to issue 1 billion OKB tokens, 50% of which will be distributed free of charge to OKEx users, which will allow them to take a more active part in the further development of the exchange.

In addition, as the exchange explains, 20% of tokens (200 million) will be reserved for developers. During the first year, they will not be available for withdrawal, after which they will be issued at a rate of 20 million per year.