Review on OKEx by phuc nguyen

Name: OKEx
Item: OKEx
Rating: 4

September 13, 2018

The OKEx platform sports a wide range of tools and trading venues for every…

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.
Their interface is quite well designed and provides lots of different trading options and views which seasoned traders will appreciate, it might be a little overwhelming for complete beginners who might do well to start at an exchange like Binance which doesn’t offer quite as many options for trading and has a simplified trading screen.
It’s a shame that such a large portion of investors are currently unable to partake due to OKEx’s rules regarding nationality and account creation. It’s understandable, however. OKEx started life in China, which has a notoriously love-hate relationship with cryptocurrency and other decentralized assets, and in the Wild West atmosphere of trading cryptocurrencies, it pays to be on the conservative side.
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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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Furthermore, OKEx is big – the second-largest cryptocurrency exchange in the world, by its reckoning. It can’t afford to take many risks, but it has the ability to influence future policy by the risks it does decide to take.
Overall, the OKEx exchange brings a lot to the table but provides relatively few seats. That might be its saving grace in the long term.
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Pros

Extensive range of pro trading options such as futures Fiat to cryptocurrency support High-level trading platform Leverage trading Extensive range of over 100 cryptocurrencies supported Low Fees

Cons