Review on OKEx by QUAN VU VAN

Name: OKEx
Item: OKEx
Rating: 5

September 14, 2018

OKEX has a comparatively high standard among cryptocurrency exchanges for…

OKEX has a comparatively high standard among cryptocurrency exchanges for exactly who can participate. 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. These countries are either on the United Nations Security Council Sanctions List or its citizens are restricted or prohibited from trading platforms in some way. In the case of the United States, cryptocurrencies still very much occupy a legal gray area. The issue hinges on whether cryptocurrencies can be classified as securities, and it has largely been decided on a case-by-case basis. Exchanges that offer multiple coins – that is, all of them – are thus in danger of running afoul of the U.S. Securities and Exchange Commission if they don’t take steps to prevent U.S. citizens from operating on their exchanges.
﻿

Pros

OKEx is a relatively new digital asset exchange platform that allows cryptocurrency investors to trade with BTC, ETH, LTC and other cryptocurrencies in a secure and simple manner. The platform was started by Start Xu, a Chinese businessman. This cryptocurrency exchange complies with the law of the people of the Republic of China. One of the branches of this platform caters to the cryptocurrency trading and exchanging needs of the people of China. The headquarters of the international branch of OKEx is in Beijing. The second branch of this standalone cryptocurrency exchange platform is built for users from different parts of the world. The headquarters of the second branch of this exchange is located in Hong Kong.

Cons

OKEx is one of the few cryptocurrency exchange platforms around the world that offers a stand-alone desktop platform. There are a few advantages to having a separate piece of cryptocurrency software while the trader may be using the browser-based version. The trader has probably already run into memory issues if he/she is running on low to middle end hardware and the trader likes to open multiple tabs on their desktop. This platform enables traders with multiple-monitor support. Users will be able to duplicate the entire layout multiple times and will be able to move it to another monitor in a hassle-free manner.