It is also one of the top leading digital asset exchanges in trading volume, serving more than 20 million customers in over 100 countries. Their BTC futures trade has nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.
OKEx exchange review
Based in Belize, and with its main operation hub located in Hong Kong, OKEx is an international company specializing in blockchain technology & digital asset development and applications. Focusing on digital asset-only exchange, OKEx also provides fiat-to-cryptocurrency, cryptocurrency-to-cryptocurrency and derivatives trading services to global customers.
Founded in 2014, OKEx has gained millions of dollars worth of investments from leading enterprises including but not limited to:
- VenturesLab (co-founded by Tim Draper, who also invested in leading companies like Hotmail, Baidu and Tesla)
- Ceyuan Ventures (Founded by Bo Feng)
- Giant Network Group (founded by Yuzhu Shi)
- Longling Capital (founded by the Chairman of Meitu Inc., Wensheng Cai)
- Qianhe Capital Management (founded by Yawei Wang)
- eLong Inc. (founded by Yue Tang)
The solid foundation has drawn experts in technology and business from the world's top organizations, allowing OKEx to offer safe, stable and reliable trading services through internet and mobile solutions.
Products & Services
OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy.
Fiat to Token Trading
C2C (Customer to Customer) trading allows user to trade between fiat currency and digital assets in a fast, safe and convenient way.
Index trading is a simple and secure tool for experienced users to achieve asset hedging, asset appreciation and other investment objectives.
Token to Token Trading
Over a hundred types of tokens are provided for customers to invest in. As blockchain technology continues to evolve and adapt to industries, more and more tokens are coming available to the market. OKEx has a strict and thorough compliance process to ensure customers could have a comprehensive review of the token before making any investment.
Futures are available in OKEx to allow investors to expose themselves to a much greater value of tokens, thus multiplying their gains if the market moves in their direction. Multiple tools are available for investors to aid their trading including limit order, trail order, trigger order, iceberg order and TWAP. Investors could also choose different value of leverage to maximize their gains.
OKEx Superwallet is a next generation, open digital wallet which allows national and digital currencies to exchange and to transfer across companies and borders in a nearly free and instantaneous manner.
By using an open and decentralized token network, OKEx has built a digital wallet to store, send and receive digital assets with the below benefits:
- Much lower payment costs
- Better exchange rates
- Switch between providers at will without hassle
OKEx fees for withdraw are available on: https://www.okex.com/pages/products/fees.html. Futures settlement OKEx withdrawal fee is not affected by the users tier (0.015% for BTC, 0.05% for other tokens); No withdrawal fee is charged for forced liquidation.
Technology & Security
Security is always OKEx's priority. They provide a safe, reliable and stable environment for digital assets trading via web interface and mobile app by adopting GSLB, distributed server clusters, distributed storage, high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, hot wallets with offline private keys and many more advanced technologies. We also invent and develop products according to customers' needs and suggestions to offer the best trading experience available in the industry.
Verification & Authentication
OKEx built a safe and secured platform, and a high quality, engaged user base. All users in OKEx are verified through proper KYC process. Completion rate is displayed in C2C trading to reassure customers to trade. And to improve account security, customers can use mobile verification or Google Authenticator to confirm transactions.
By using the peer-to-peer technology, blockchain is best-known for its role in facilitating payments transactions with digital assets. OKEx believes the innovation will revolutionize human lives. As the world's digital asset market has entered a new phase of development, OKEx will allocate the newly raised capital strategically and responsibly, and continue to serve customers to the best of their ability by putting more resources on product and service innovation.