Tag Archives: okex

According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban.India Changes Its Mind On Crypto (Again)?A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial consultations. After the consultations, it will reach the cabinet and subsequently, the Parliament.Should it be successfully implemented, it could effectively...

Cryptocurrency derivatives trading volume reached a new monthly all-time high in May 2020, surpassing the previous record recorded in March, recent research indicates. Volumes on regulated exchanges such as CME soared as well for both futures and options trading. Crypto Derivatives Monthly Volume ATH According to the report by CryptoCompare, the monthly trading volume of cryptocurrency derivatives surged by 30% in May. It hit a fresh all-time high of $602 billion, beating the previous record...

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...

Place/Date: - April 7th, 2020 at 1:54 pm UTC · 2 min read Contact: Vivien Choi, Source: OKEx March was a record-breaking month for the crypto market and exchanges. OKEx, the world’s largest cryptocurrency spot and derivatives exchange, topped the derivatives market in March, according to the Exchange Review March 2020 report by CryptoCompare, the global leader in digital asset data. With month-on-month volume increased to $161 Bn, OKEx has demonstrated steady growth in the past...

A significant number of Bitcoin investors transferred extensive quantities of their holdings to exchanges during the most notable price slumps in mid-March. Ultimately, most of their panic sales were at a loss, according to the Spent Output Profit Ratio (SOPR) indicator.Bitcoin Investors Rush To Sell In PanicThe popular cryptocurrency monitoring resource, TokenAnalyst, studied the flow of Bitcoin into exchanges around March 12th, when the primary digital asset lost approximately 40% of its...

The rollout of USDT contracts introduces some major flexibility improvements to margin accounts. USDT will be the single currency for all user account balances, profits, and losses.March has been an extremely challenging month for the crypto markets, but at least some exchanges are keeping calm and carrying on with their roadmaps. Bybit has confirmed it’s rolling out some significantly enhanced functionality to its trading platform with the introduction of USDT contracts. The changes will...

OKEx CEO Jay Hao reveals the magic behind and explains how the company overcomes the recent market crash and COVID-19 outbreak.It is the worst of times for the global economy. Almost every major economy is inescapable from the outbreak of coronavirus, aka COVID-19. The recent stock market shocks and oil price war are fuelling the economic hardship of the world. The fear of recession is rising.It is the best of times for the cryptocurrency market. Despite a few days of uncertainty, the crypto...

OKEx surpassed BitMEX in the Bitcoin futures volume while exchanges face challenges in dealing with extreme market.The cryptocurrency market fell prey to the global instability, which contributes to the catastrophic falling of Bitcoin, the largest cryptocurrency, from $9K level to $3k level. Starting from 7 March, the asset showed pressure on the resistance level, and continued the downwards trending until today, without indicating any strong bounce back signals yet.OKEx Dominates the Bitcoin...

Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.Bitcoin options are receiving a major call from the investors. They started selling and buying derivatives as the market went down. Let’s see what has happened here in detail.The CME Group, Deribit, Bakkt, LedgerX, and OKEx are experiencing the money...

The popular cryptocurrency exchange, Bitfinex, has gone under sudden unscheduled maintenance. As the price of Bitcoin continues to struggle at around $8,700, the exchange suspects that it might be undergoing a DDoS attack.Bitfinex Goes DownBitfinex is arguably one of the most popular cryptocurrency exchanges. According to an official release on their website, as well as an announcement on their Twitter page, the exchange is currently “under maintenance.”We are investigating what seems like a...