OKEx Crypto Exchange Registers a Larger Trading Volume than Binance's Trading Platform

OKEx, one of the most popular virtual currency exchanges around the world, was able to surpass Binance as the exchange with the largest trading volume in the market. On December 9, OKEx had a larger trading volume close to $610 million and Binance registered a trading volume of $562 million.

Binance has been one of the most used platforms in the market with a wide range of virtual currencies listed. Other important platforms were also OKEx, Coinbase and Huobi, all of them attracting several investors from different parts of the world.

At the time of writing this article, however, Binance reached the first spot that it usually has. In the last 24 hours, the exchange handled a trading volume of $544 million, 5% more than OKEx that registered a trading volume of $518 million.

The most important trading pairs at Binance are BTC/USDT, ETH/USDT and EOS/USDT accounting for 46% of the total trading volume in the platform. The most important trading pairs are the same as in Binance, BTC/USDT, EOS/USDT, ETH/USDT accounting for 60.2% of the total trading volume.

OKEx has recently been in the news because the platform launched a product called ‘Perpetual Swap.’ The main intention behind this decision is to offer new services beyond the ones that it is currently offering.

Furthermore, the platform has also added support for the Vietnamese dong (VND). However, the intention is to enable customers the possibility to access tokens in exchange for its fiat currency.

In addition to it, the exchange has expanded the business in the United States in order to reach more customers. At the same time, there are some reports that say that the company was able to acquire money transmittal licenses 9 (MTLs) from 20 states.

The exchange is located in Malta which is one of the most friendly countries in terms of regulations and legislation for virtual currencies. There are several exchanges such as Binance or Bitbay that took the decision to settle their operations in the European island. At the same time, the country received the name of ‘Blockchain island’ due to the support that the government and local authorities gave to virtual currencies and blockchain technology.

OKEx has currently more than 400 trading pairs available and Binance has close to 390 trading pairs.

Although OKEx has been expanding, Binance has also been trying to reach new markets and offer services to new clients. For example, it has opened trading activities for Uganda and it has launched the Binance Info Gold Label Project.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Stablecoins Yet Again Under Regulatory Scrutiny In Revised FATF Report: They’re “Better Placed To Achieve Mass-Adoption”

In a Tuesday report, the Financial Action Task Force, with members from about 200 countries, said stablecoins need to comply with standards to guard...

Chinese Shipping Giant, COSCO, to Use Alibaba Subsidiary Ant Financial's Blockchain for Maritime Logistics

Following a successful partnership between the shipping giant, Maersk, and IBM to set up an enterprise blockchain. Ant Group and COSCO become the...

Is it that Time Again? Yes it is! The Market is giving All the Signs that it is an Alt Season

Everything is popping! Is anyone getting 2017 vibes? https://twitter.com/CryptoMichNL/status/1280821951011999745 Tis' the time when gains floweth over. Today, even bitcoin jumped to $9,480 with $1.2 billion in ‘real’ trading...

South Korean Govt. Permits Blockchain-Based Free Trade Zone for Industrial Hemp After Amending 70 Year Old Narcotics Law

The South Korean government has granted a permit to Andong city in Gyeongbuk province of South Korea to run a free trade zone for...

Kraken and Binance Form New Partnerships to Offer More Fiat Funding Options

Amidst the flying altcoins and stuck Bitcoin, cryptocurrency exchanges continue to add new options to allow users to buy and sell digital assets. Kraken has...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today