Currently employed methods used by traditional financial system make it difficult for the system to maintain records effectively and efficiently.
In light of the same, OKEx aims to simplify the entire process by integrating the platform with blockchain technology. OKEx aims to fill the gap in a cost-effective way. With a wider user base, OKEx had become the one-stop solution as a digital decentralized financial system offers more beneficial services as compared to the traditional market.
@snapperbuzz1 recently shared on Twitter its interview with OKEx’s Andy Cheung. The tweet read,
“Our exclusive interview with @AndyC0125 of @OKEx, Andy is truely a visionary and amazing personality his vision of transforming #blockchain is #brilliant, we really had fun doing his interview. Thanks again Andy and okex team”
OKEx plans to boost its operations with the new exchange, OKEx and Fintech arm of Malta Stock Exchange [OKMSX], as it reaches its final stage. This new exchange will leverage OKEx’s digital asset operations and security expertise. It is important to note that OKEx had applied for an Investment Services license and aims to launch this in Q1 OF 2020.
OKEx made headlines with its donation of Bitcoin worth $4.5 million to foster perpetual swap market. The digital asset exchange played a masterstroke by carrying out this idea of insurance fund. In this way, it safeguarded funds, as bigger the size of insurance funds, the less likely the clawback would be.
The clawback mechanism is added so that it can act as a barricade in occurrence of large-scale systematic event. Also, the insurance is an additional cushion so that the capital of traders can be protected from any kind of harm. Further, the Malta-based cryptocurrency exchange has plans to develop institutional grade security tokens over the trading platform in the offing.
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