OKEX

OKEX is a digital asset trading platform launched by OKCoin.com. The exchange is a branch of OKCoin, which ceased futures trading operations on May 30, 2017. Here’s our OKEX review.

What is OKEX?

On May 26, OKCoin.com issued an important announcement: they were ceasing futures trading activity on OKCoin.com on May 30, and users would be transferred to the new futures trading exchange at OKEX.com.

The move was done, according to the press release, so OKCoin Intl. could “focus on becoming a regulated global fiat-blockchain asset trading platform offering spot and margin trading.” OKEX will exclusively trade digital assets.

OKCoin isn’t totally shutting down. The exchange will still allow you to trade fiat currencies for blockchain assets. However, futures trading will be done on OKEX.

Today, OKEX picks up where OKCoin left off. You can trade bitcoin and Litecoin contracts, for example. If you previously held OKCoin credentials, then you can login to OKEX as normal. All trading balances in your futures account, open positions, and open orders will have transferred to OKEX.

On June 7, 2017, OKEX open its ETH API function to traders.

OKCoin also supports the REST API, WebSocket API, FIX API, and Block API.

OKEX offers a client for iOS, Android, Mac, and Windows.

OKEX Features

  • Multi-platform support, including a web platform, mobile app, and API
  • Well capitalized with $10 million USD backing from investors like Tim Draper, Ceyuan, and Mandra Capital
  • Margin trading that lets you maximize your profit with 10x or 20x leverage
  • Hedging that lets you lock in your mining profit
  • Dynamic market that claims to offer the global lead market in liquidity
  • Low fees (open positions 0.03%, close positions none)
  • Multiple cycles for easy hedging and arbitraging

About OKEX

OKEX is a futures trading exchange recently launched by Chinese bitcoin giant OKCoin. In addition to operating bitcoin exchanges, OKCoin offers a mobile consumer payment and lending app. They also maintain strong liquidity in the CNY/BTC pair. OKCoin maintains two main entities, including one focused at China’s domestic market and another focused on the international market (based in Hong Kong). Together, the exchanges form one of the largest cryptocurrency exchanges in the world by overall trading volume.

OKEX and OKCoin are based in Beijing.

You can contact the company by email at support@okcoin.com.

OKEX Conclusion

OKEX is a cryptocurrency trading platform specializing in BTC and LTC futures. You can trade on the margin with up to 10 or 20x leverage, or hedge to lock in your mining profits. The exchange is available on iOS, Android, Mac OS X, and Windows. It’s a branch of OKCoin, which ceased futures trading in May and migrated users to its new OKEX exchange. The exchange offers low fees (0.03% for open positions and no fees for close positions) along with strong liquidity in BTC/USD and LTC/USD.

Today, you can trade bitcoin, Litecoin, and other cryptocurrencies with leverage today by visiting OKEX.com.

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