Review on OKEx by DAT PHAM DUC

Name: OKEx
Item: OKEx
Rating: 5

September 14, 2018

OKEx will distribute more than one billion OKB to the exchange’s stakeholders…

OKEx will distribute more than one billion OKB to the exchange’s stakeholders with the lion’s share going to its customers. With 60% of the OKB issued eventually going to customers, OKEx hopes to create a “sharing community of users” who will not only use OKB to pay transaction fees and interest charges but also vote on the exchange’s development and share in its profits.
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Pros

The OKex exchange was born out of OKCoin as a brand targeted at more advanced cryptocurrency traders. OKCoin is the simpler exchange and focuses on pure buying and selling of cryptocurrencies and ICO tokens, while OKex offers a more sophisticated offering that has more in common with traditional financial securities exchanges. OKex is listed on CoinMarketCap.com as one of the largest international cryptocurrencies exchanges in the world and it claims daily turnover of $1.5 billion only from its Bitcoin futures trading product. However, along with other prominent Chinese-owned cryptocurrency exchanges, doubt has recently been raised as to whether real turnover figures are as high as reported amid claims of exaggeration and manipulation.

Cons

OKEx is one of the global cryptocurrency exchanges offering a good number of cryptocurrency pairs for trading and direct trading facility to and from fiat money. It has been derived from its parent exchange named OKCoin. The interrelationship between OKChain and OKEx is somewhat similar to that between Coinbase and GDAX. Both GDAX and OKEx are designed for the cryptocurrency traders of expert level. Starting the journey in China in 2014, it has by far become the second-largest cryptocurrency exchange platform in the world based on its trading volume; It has constructed a base in the crypto-friendly island nation of Malta recently.