Review on OKEx by larueer kenbe

Name: OKEx
Item: OKEx
Rating: 4

September 17, 2018

OKEx’s relatively strict stance might be more forward-thinking than most…

OKEx’s relatively strict stance might be more forward-thinking than most. Cryptocurrency regulations are in their infancy worldwide, and it is not entirely clear which direction they will swing in established markets, like the U.S., or developing economies. Playing it safe might be the best right now, or at least until some of the regulatory dust settles.
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Pros

OKEx is the offspring of exchange OKCoin, the brainchild of investor Star Xu. OKEx is to OKCoin as Coinbase is to GDAX – both exchange sets cater to different groups of investors. Both OKEx and GDAX are geared toward more professional cryptocurrency traders. The OKEx platform sports a wide range of tools and trading venues for every level of investment need. Newcomers to the cryptocurrency sphere and professional traders alike will find something useful on OKEx.

Cons

There isn’t much information on OKEx’s site regarding its internal security mechanisms. Two-factor authorization can be set up during account creation, and OKEx gives detailed instructions for changing administrator passwords, but the details of OKEx’s security scheme are well hidden. This is surprising, given the exchange’s near-constant popups detailing which countries are currently banned from the exchange.