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OKX, a leading cryptocurrency exchange, has announced the listing of WIF (dogwifhat) and MEW (cat in a dogs world) on its spot trading market. The deposit and spot trading schedules have been provided, allowing users to engage in trading activities with these newly listed tokens. (Read More)
OKX, a major cryptocurrency exchange, has launched the test network for its new blockchain, OKB Chain. The platform is an Ethereum scaling solution designed for high-performance decentralized applications and seamless integration between CeFi and DeFi. The OKB Chain testnet is now live, and according to the announcement tweet, it marks the first step towards building […]
OKX, the world’s second-largest crypto exchange, has announced the establishment of a Hong Kong entity to offer virtual asset services in the region. According to the press release, the company also intends to apply for the virtual asset service provider (VASP) license and Type 1 & 7 licenses under the Securities and Futures Ordinance in […]
OKB price was trading with a bullish bias on Sunday after the bulls took over control of the token over the weekend. The price has [...]
This article is all about the OKX review and whether OKX is a good exchange. Let's take a look at it in more detail.
Manchester City, a Premier League football team, announced that they would be collaborating with OKX. This would be the Premier League winners’ second journey into the Metaverse. While the deal’s specifics have yet to be released, it will almost certainly be a multi-year relationship. OKX is the second-largest crypto exchange by derivatives volume while being […]
According to a recent CoinGecko report, Binance, the world’s largest centralized exchange (CEX) by trading volume, has retained its market leadership position in 2023. Despite facing increased regulatory scrutiny and undergoing significant leadership changes, Binance maintained a market share of 43.7% and saw its spot trading volume rise to $427.1 billion in December 2023, representing a 37.5% month-on-month (MoM) increase. Binance Trading Volume Reached $3.8 Trillion In 2023 According to CoinGecko’s report, Binance started the year with a commanding 63.5% market share but experienced a gradual decline throughout 2023, ending with a 43.7% market share in December. While Binance still dominated the market with 52.6% of the total spot trading volume in 2023, the exchange’s relative market share decline was notable. In absolute terms, Binance generated $3.8 trillion in trading volume throughout the year. Related Reading: Analyst Compared Solana To Ethereum ICO Boom, What Does This Mean For SOL Price? As previously reported, Binance faced significant regulatory pressure throughout 2023, culminating in a settlement agreement in November that required the exchange to pay a $4.3 billion fine to the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CTFC) for alleged financial breaches. As part of the settlement, Binance’s CEO, Changpeng Zhao (CZ), also agreed to step down. Richard Teng has assumed the role of the company’s head, while CZ remains restricted from traveling outside the jurisdiction of the United States as the legal battle unfolds. Upbit And OKX Follow Closely Upbit, South Korea’s largest cryptocurrency exchange, managed to maintain its position as the second-largest centralized exchange in 2023, with a 9.5% market share and $687.0 billion in spot trading volume for the year. According to the report, Upbit benefited from the Kimchi Premium, which resulted in strong local demand and premium prices for crypto assets. The exchange’s monthly spot trading volume hit a yearly high of $90.7 billion in December, with a 93.5% quarter-on-quarter (QoQ) increase. Related Reading: Shiba Inu Prints Rare Bullish Signal, Eyes This Price Target Conversely, OKX secured the third position among centralized exchanges in 2023, with a 6.7% market share and $485.9 billion in trading volume. Throughout the year, OKX experienced a steady increase in market share, starting at 5.1% in January and ending at 8.9% in December. The exchange’s trading volume in Q4 reached $177.9 billion, reflecting a notable 151.6% QoQ gain. Among the top 10 centralized exchanges, CoinGecko reports that MEXC recorded the highest growth in Q4 2023, with trading volume surging by 203.7% to $90.4 billion. Bybit followed closely with a growth rate of 162.1% ($107.5 billion), while KuCoin experienced a growth rate of 161.2% ($49.2 billion). KuCoin regained its spot in the Top 10 in Q4 after briefly losing it in Q3, with a market share of 3.3% at the end of December. Binance Coin (BNB) has successfully maintained its position above the $300 threshold, with the current trading price standing at $304. This represents a 1.8% decrease in price over the past 24 hours. Featured image from Shutterstock, chart from TradingView.com
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets license.” Crypto Exchange to Increase Dubai Office Staff The Dubai digital assets regulator, [...]
The post Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator appeared first on Crypto Breaking News.
Amidst regulatory woes, crypto exchange OKX has extended its partnership with Manchester City, by signing a 3-year deal reportedly worth more than $70 million. With the new contract, OKX will become the club’s new official sleeve sponsor of Manchester City’s men’s and women’s first-team playing kits. In March 2022, OKX made its first move into […]
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