THELOGICALINDIAN - OKEx aloof hit a almanac in crypto derivatives trading animadversion BitMEX off the top spot
Turning Things Around
OKEx concluded aftermost year amidst a deluge of criticism from affronted traders. Not alone was the Asian-turned-Malta-based barter alleged out for bazaar abetment back it affected the early adjustment of BCH futures, after warning, appropriate afore the fork, but it was additionally airtight for falsifying trading volume.
However, the arch agenda asset barter that tells traders “it’s OK to be daring” has put all that abaft it — and its adamant efforts to exhausted BitMEX at its own bold arise to be advantageous off.
According to a media release, the aggregation aloof registered a record-breaking 24-hour trading aggregate on crypto derivatives. OKEx racked up added trades than BitMEX or any added futures exchange, “topping the industry globally” while trading $2.4 billion in one day.
Just in case you were apprehensive area the numbers came from, the aggregation reinforces this was “according to the official data.”
Who Trades on OKEx?
At one point, it looked as if OKEx was activity to see a accumulation departure of traders from its platform. Now, it looks to accept angry things around. The addition of the latest perpetual swap artefact seems to accept been a hit with futures traders, amid whom some 56 percent go continued on BTC.
This, they say, reflects the market’s all-embracing optimism that the affliction of the bearish altitude are over. Head of Operations Andy Cheung enthused:
He additionally assured traders that the belvedere will abide to innovate and assignment on creating a added “trader-friendly” environment.
Contributing to the volume, OKEx’s abiding bandy registered over $53 billion in absolute trading volume. It currently has nine altered arrangement types accessible for trading — including Bitcoin (BTC), Ethereum (ETH), and EOS with 100x leverage, and Bitcoin Cash (BCH), Ethereum Classic (ETC), Bitcoin SV (BSV), Litecoin (LTC), and XRP with 40x leverage.
Do you anticipate OKEx absolutely topped BitMEX? Let us apperceive your thoughts in the comments below!
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