1 Level
8 Review
7 Karma
Review on OKEx by Akash Sarker
KEX is a cryptocurrency exchange launched in 2017 by Chinese bitcoin mogul…
KEX is a cryptocurrency exchange launched in 2017 by Chinese bitcoin mogul OKCoin. Besides operating bitcoin exchanges, OKCoin has a mobile consumer payment and lending application. They also manage to keep strong liquidity in the CNY/BTC pair. OKCoin maintains two main entities, including one focused on China’s domestic market and another, centered on the international market. Together, the exchanges constitute one of the largest digital assets exchanges in the world regarding overall trading volume.KEX is the more trading-centered version of its mother company, OKCoin. The fact that OKEX is based in China explains its relatively low popularity in the west. This low repute is also connected with the concerns about the actions being taking against the cryptocurrency space by the Chinese financial market regulatory body, as the country recently placed a ban on ICOs.
The unique things about this exchange are the stand-alone desktop platform and how Bitcoin and Litecoin futures contracts are readily available on the platform. OKEx announced late in 2017 that it basically invented the original Bitcoin Cash market, which lets users the trade against BCH without any intermediary like ETH or BTC.
Given its age, OKEX hasn’t been the target of significant hacks yet. While this brings some confidence, regarding security, it does not prove this will not happen in the future.
Pros
- One Of My Favourite Exchange. Established company
Cons
- OKEX is not currently available for citizens of Hong Kong, Cuba, North Korea, Iran, Crimea, Sudan, Malaysia, Syria, the USA and its territories, Bangladesh, Ecuador, Bolivia, and Kyrgyzstan.
