Review on OKEx by Minh Nguyen Nhat

Name: OKEx
Item: OKEx
Rating: 5

September 15, 2018

OKEX is one of the few cryptocurrencies-exchanges which allows a stand-alone…

OKEX is one of the few cryptocurrencies-exchanges which allows a stand-alone desktop platform. While you may be used to browser-based trading, there are quite some advantages to having a separate piece of the trading application on your computer. For instance, if you are using low or middle-end hardware and have many browser tabs opened simultaneously, you might have probably run into memory issues already and having a web-based trading application adding to the memory load will definitely not make  things easier. Also, OKEX trading platform provides multiple-monitor support. With a click of a button, you can duplicate the whole layout many times and move it to another monitor.
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Pros

OKEX is multi-cryptocurrency exchange allowing users to trade cryptos and fiat-backed tokens. OKEX also provides digital asset based futures with multiple leverage choices. OKEX has also built a suite of algorithmic trading tools designed for the professional traders. Additional products include a wallet, vault and a block explorer.

Cons

OKEX is a digital asset exchange, under the umbrella of OKCoin. The situation with the two is similar to how GDAX is owned by Coinbase – one brand is targeting retail consumers, while the other one is dedicated towards serious traders. OKEX is the more trading-focused version of OKCoin. The company behind both projects is based in China. This can explain the relatively low popularity of this exchange in the west. This is also combined with the concerns about Chinese regulatory actions in the cryptocurrency space, as the country recently banned ICOs.