Review on OKEx by DAT NGUYEN PHAT

Name: OKEx
Item: OKEx
Rating: 5

September 14, 2018

OKEx delivers hundreds of token & futures trading pairs to help traders to…

OKEx delivers hundreds of token & futures trading pairs to help traders to optimize their strategy. With investment support from leading enterprises such as VenturesLab (co-founded by Tim Draper), Ceyuan Ventures, Giant Network Group, and many others, their solid foundation has drawn experts in technology and business from the world’s top organizations, allowing safe, stable and reliable trading services through internet and mobile solutions. As referenced on the OKEx site, BTC futures trading has accumulated nearly $1.5B of volume daily and is recognized as the gold standard for the industry. OKEx aims to eliminate the barriers in bitcoin trading with its leading blockchain developments, increase transaction efficiency, and help to improve client experience further. OKEx offers more than 400 trading pairs most of which are against the most well-known Bitcoin, Ethereum, or USDT. Moreover, OKEx provides own token called “OKB” in April 2018 and features many sophisticated instruments for more experienced traders such as margin trading and futures trading.
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Pros

OKEX is a cryptocurrency trading platform specializing in BTC and LTC futures. You can trade on the margin with up to 10 or 20x leverage, or hedge to lock in your mining profits. The exchange is available on iOS, Android, Mac OS X, and Windows. It’s a branch of OKCoin, which ceased futures trading in May and migrated users to its new OKEX exchange. The exchange offers low fees (0.03% for open positions and no fees for close positions) along with strong liquidity in BTC/USD and LTC/USD.

Cons

OKEx is one of the largest cryptocurrency exchanges in the world. Regularly featuring among the top 10 global exchanges by 24-hour trade volume, OKEx offers fiat-to-crypto and crypto-to-crypto trading on more than 100 digital currencies. It also offers market maker and taker fees starting from 0.15% and 0.2% respectively, with discounted fees for high-volume traders. But is OKEx the right exchange for you? We’ve gathered together a host of information about the platform’s features, fees, pros and cons to help you decide.