1 Level
16 Review
38 Karma
Review on OKEx by comando lee
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. 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
Pros
- 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
Cons
- In the wide world of digital cryptocurrency exchanges, OKEx offers a comparatively wide range of trading pairs and the ability to trade directly to and from fiat currency. OKE is also taking steps to develop the cryptocurrency derivatives market by offering futures. Access to the exchange is limited, however, by its stringent user guidelines. OKEX is not currently available for citizens of Hong Kong, Cuba, North Korea, Iran, Crimea, Sudan, Malaysia, Syria, the USA and its territories, Bangladesh, Ecuador, Bolivia, and Kyrgyzstan.
