Bybit and OKX have achieved record highs in their combined Derivatives market share. According to the latest Exchange Review by CCData, Bybit now holds an aggregated market share of 11.94%, while OKX dominates with 20.2%, totaling over 32% in November. This surge in market share comes when industry giant Binance is experiencing a decline in...Read More
OKX has released yet another monthly Proof of Reserves (PoR), which reveals that the Seychelles-registered cryptocurrency exchange is over-collateralized with $12.5 billion in primary assets backing user funds. The latest disclosure marks a full year of PoR reports beginning right after the collapse of FTX. OKX’s Proof of Reserves (PoR) encompasses 22 widely-used digital assets...Read More
The Seychelles-registered cryptocurrency exchange OKX released its 11th consecutive monthly Proof of Reserves (PoR) report which encompasses 22 commonly used digital assets and shows balances of $11.2 billion in primary assets. OKX is the only crypto exchange that has made it a ritual to publish PoRs for almost a year with which the platform revealed witnessed...Read More
Leading cryptocurrency exchange OKX has released its tenth proof-of-reserves (PoR) report, becoming the first digital asset platform to release ten consecutive monthly PoR reports. According to a press release, the latest numbers show balances of $10.4 billion in primary crypto assets like bitcoin (BTC), ether (ETH), and Tether (USDT). OKX Publishes 10th PoR Report The...Read More
Seychelles-based cryptocurrency exchange OKX has implemented the 20th round of its Buy-Back and Burn program, burning nearly 5.5 million OKB tokens this time. According to a blog post, the total number of OKB tokens bought back from the secondary market and burned was 5,497,312.77, worth $258 million at a 90-day average. OKX Burns 5.5M OKB...Read More
Seychelles-based cryptocurrency exchange OKX published its seventh proof-of-reserves (PoR) report in line with efforts to push the new industry standard of transparency and trust within the crypto community. The new report shows that OKX has reserves of $10 billion in bitcoin (BTC), ether (ETH), Tether (USDT), and other assets. OKX Releases Seventh PoR Report The...Read More
One of the leading cryptocurrency exchanges – OKX – intends to open an office in Türkiye in the following months. The company has already interacted with the Turkish market, launching direct deposits and withdrawals in the country’s official currency – TRY. It also put its name among the numerous crypto platforms that sent aid packages...Read More
Leading crypto exchange, OKX. outlined plans to return frozen digital assets linked to Sam Bankman-Fried’s crypto companies, FTX and Alameda Research, following a recent motion filed in the FTX bankruptcy proceedings. The Seychelles-based exchange said it opened an investigation into FTX to determine whether the firm had conducted business on OKX before its demise in...Read More
Seychelles-based crypto exchange OKX has announced its plans to expand its presence in Hong Kong by applying for virtual asset licenses under the new regulatory regime as well as Type 1 and 7 licenses under the Securities and Futures Ordinance. It also plans to establish a Hong Kong entity for launching virtual asset services in...Read More
Pushing on the new industry standard to boost transparency, OKX released its fifth proof-of-reserves (PoR) report. The latest edition demonstrated that the Seychelles-based crypto exchange holds clean assets worth $8.9 billion in BTC, ETH, and USDT. Data shows that OKX’s wallets have 138,405 BTC, 1,325,259 ETH, and 3,264,352,204 USDT against user balances of 134,289 BTC,...Read More
Crypto exchange OKX revealed experiencing an outage on March 17th due to intermittent issues with its servers. In an update, the company said its tech team is working to resolve the service disruption and announcing the start of market pre-open. Its tweet regarding the same read, “We are currently in cancel-only period. After which at...Read More
OKX released its fourth monthly Proof of Reserves (PoR) enabling its users to verify that the Seychelles-based crypto exchange holds the amount of cryptocurrency that it claims to. It revealed holding clean assets worth $8.6 billion in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). According to the latest data, OKX’s wallets held 135,735 BTC against...Read More
After the excessive turmoil in the crypto market triggered by the FTX liquidity and bankruptcy scandal, several crypto service providers began publishing their reserve funds. Popular crypto exchange OKX released its third Proof-of-Reserves (PoR), in which it revealed holding “clean assets” worth $7.5 billion in BTC, ETH, and USDT. In a statement, OKX’s Chief Marketing...Read More
Cryptocurrency exchange OKX released its second Proof of Reserves (PoR) on its website on December 22nd. The new report would enable users to view and self-verify the results of two PoRs with the help of open-source tools, the company said in an official statement. OKX also promised to publish the PoR report every month. OKX’s Proof-of-Reserves...Read More
Popular cryptocurrency exchange OKX is experiencing connection issues with their cloud provider, according to their most recent announcements. It appears that withdrawals aren’t functioning at the time, but the team reassures all funds are safe. There is currently an intermittent connection error with our cloud provider which is affecting the user experience. Our dev team...Read More
The Seychelles-based crypto exchange – OKX – reportedly introduced a $100 million fund to aid companies with liquidity issues. The world’s largest cryptocurrency platform – Binance – launched a similar initiative to reduce the negative effects of FTX’s collapse. According to the Chinese reporter Colin Wu, OKX will distribute $100 million across numerous projects that...Read More
Seychelles-based crypto exchange, OKX, announced acquiring a provisional virtual assets license in Dubai. As per the official press release, the license was awarded by the Dubai World Trade Centre Authority under the Dubai Virtual Assets Regulators Authority (VARA). OKX will now be able to offer certain services to qualified investors in the United Arab Emirates,...Read More
Cryptocurrency exchange OKX has extended its partnership with current Premier League champions Manchester City F.C., with a new deal making the firm the English club’s official training kit partner. OKX Becomes Man City’s Training Kit Partner According to a press release, OKX will be the new training kit partner for Manchester City’s men’s and women’s...Read More
Earlier today, web infrastructure platform Cloudflare suffered another major outage causing half of the Internet to collapse, crippling major communication platforms and crypto exchanges, including Discord and FTX. Major Crypto Exchanges Went Offline During the Cloudflare outage, which lasted for 25 minutes, crypto users who tried to access the websites of service providers like FTX,...Read More
The annual event organized by Tribeca Productions – Tribeca Film Festival – reportedly inked a deal with the cryptocurrency platform OKX. The agreement (worth tens of millions of dollars) will turn the exchange into one of the largest sponsors. OKX Joins the Movie Industry According to a coverage by the Wall Street Journal, the collaboration...Read More
Daniel Ricciardo – an Italian-Australian driver who races for McLaren Formula 1 team – teamed up with the Seychelles-based digital asset exchange – OKX. The pilot will serve as an ambassador of the company during the 2022/23 season and lead an educational campaign for F1 fans focused on crypto’s merits. OKX Extends its Partnership With...Read More
OKX has joined the growing number of digital asset trading platforms partnering with prominent representatives of the sports industry. The company has collaborated with Manchester City and has become the team’s Official Cryptocurrency Exchange Partner. Forbes broke the news first earlier on March 4, indicating that the reigning Premier League champions will display the exchange’s...Read More
One of the world’s most prominent cryptocurrency exchanges, OKEx, has invested in the short-video platform Chingari which announced raising $15 million in a funding round. As part of OKEx’s strategic investment in Chingari, the startup’s native token GARI will be listed on the exchange on January 18. Five more crypto exchanges are set to list...Read More
After last month’s crypto and NFT boom, cryptocurrency markets continue to show bullish momentum. With the global cryptocurrency market cap at $2.6 trillion, it’s clear that crypto is here to stay. In this article, we take a look at the top 5 cryptocurrencies that gained the most price this week, ordered by 7-day price gain,...Read More
Popular cryptocurrency exchange OKEx has announced the launch of a new service called Decentralized Finance (DeFi) Hub. OKEx Launches DeFi Hub The newly launched service will focus on two of the hottest niches in the cryptocurrency space – DeFi and non-fungible tokens (NFTs), OKEx said in a press release shared with CryptoPotato today. Commenting on...Read More
The Ethereum blockchain is scheduled to undergo the London hard fork, and several exchanges are taking precautions to ensure users’ funds remain secured once the hard fork is successfully deployed. At block height 12,965,000, estimated to take place tomorrow (August 8th, 2021), Ethereum was scheduled to undergo the hard fork, and two scenarios are likely...Read More
Just a few days after the world’s most populated nation blocked social media accounts of crypto influencers, all Chinese search engines have reportedly stopped showing search results for Binance, Huobi, and OKEx. According to a Chinese journalist, going by the Twitter handle Wu Blockchain, local search engines (such as Baidu and Sogou) have blocked queries...Read More
While some Chinese companies have purchased BTC and ETH, others, such as the social media giant Weibo, have reportedly halted the accounts of three of the largest crypto exchanges – Binance, Huobi, and OKEx. Weibo has justified its decision by outlining “abnormal practices” and breaching security risks. Weibo Targets Crypto Exchanges It may not come...Read More
Cryptocurrency platform OKEx announced another crypto-promoting project –the Bitcoin Lightning Network. It will focus on downsizing transaction fees and reducing time for their execution. OKEx is Aiming at Low Transaction Costs and Promptitude OKEx, the leading cryptocurrency platform and derivatives exchange is to integrate the Bitcoin Lightning Network in the next quarter. The project represents...Read More
Prominent cryptocurrency exchange, OKEx has announced extending its real-time settlement feature for two more digital assets-ALGOUSD and ATOMUSD and it is also adding over 20 digital assets for margined perpetual swaps. These include popular projects like Stellar [XLM], yearn.finance [YFI], Tezos [XTTX], and SUSHI among others. These additions will go live from 8:00–9:00 am UTC...Read More
