While the latter supports market data, the first one provides trading, withdrawals, and market data. The OKEx cross-chain gateway currently supports the Ethereum blockchain, yet both the OKExChain and the Tron chain will be added within the short-term future. Speaking of the OKEx API, access is easily obtained with the REST and WebSocket APIs. There are 238 coins and 555 trading pairs on the exchange. OKEx futures position tier data, BTC position tiers and other crypto position tiers. All burns are conducted transparently, and announced whenever they occur. Like many other exchanges, OKEx has tiered fees, meaning that lower fees can be accessed by those with a higher trading volume, or by holders of the OKB utility token. Either way, OKEx exchange employs a cold and hot wallet architecture designed to keep the majority of funds on air-gapped devices that are inaccessible from the outside. This website uses cookies for functionality, analytics and advertising purposes as described in our Privacy Policy. The OKEx wallet makes it easy for cryptocurrency owners to store, send, receive, and manage their digital assets. The blockchain-based fan engagement platform Socios.com received a huge boost after its native asset Chiliz (CHZ) was listed on OKEx – a leading global crypto exchange and derivatives trading platform. OKEx exchange comes along with a simple, but advanced trading view. My assets; Deposit ; Withdraw; Transfer; ... Spot Spot. The OKExChain is marketed as a high-performance network that facilitates decentralized governance and community-driven consensus. Jay is well-known for his prior involvement in building blockchain-based applications for mobile gaming and video streaming. Of course, any losses that incur on the higher exposure will have to be paid out by traders. When engaging in margin trading, users increase their exposure to cryptocurrency volatility without having to purchase too much crypto out of their own pockets. About. Tokens can be seamlessly listed and integrated on the chain without seeking approval in a centralised fashion. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks. Below is the aggregated view of different kind of transactions in Ethereum Mainnet network, where this address participated or was referenced. Quick borrowing and repayment are assured, but acceptable interest rates are provided as well. OKEx Web-Based spot Trading Platform - Modernize your api3-usdt trading experience on our next generation browser-based trading platform. 12/29/2020. Basic Advanced. Claim up to $80 for new OKEx users registered after Aug 29, 2020. Given the absence of trading-centric blockchains, OKEx has decided to further tap into the total blockchain addressable market by creating the open-source OKExChain. OKEx is a leading BTC exchange with highly secure SSL encryption and cold storage etc for crypto trading. Join OKEx in social media to get more insight into Bitcoin and cryptocurrency trading! OKEx even provides access to free bitcoin incentives that are accessed through the completion of daily missions. The popular digital currency for the sporting and entertainment industries, CHZ became available for spot trading against USDT … "OKEx is extremely proud to be one of the first major exchanges to integrate the Lightning Network. Published by CryptoNinjas.net. OKEx to integrate the Bitcoin Lightning Network, enabling cheaper and faster transactions for users. The OKExChain ecosystem makes use of OKT, its very own native token that fulfills multiple use cases. This native chain is described as the ‘the next step in the development of decentralized trading’, hence allowing people to easily trade any valuable asset directly on-chain, whilst retaining full ownership over the assets in question. You will find: How To Use, Withdrawal & Trading Fees, Deposit Methods, API, Margin & DEX trading, OKB Utility Token, Security, OKExChain, and Other Services. Annual percentage yields as high as 12.84% can be seamlessly obtained by taking part in the earn initiative. Margin Margin Increase profit and risk with leverage. For instance, BTC can be transferred to the ETH blockchain in the form of BTCK, a token that’s 1:1 pegged to the price of BTC. OKEx brokers work by attracting users for their particular product which is based on the liquidity and market depth provided by OKEx. Rather than just hodling cryptocurrency, users now have the possibility to earn significant interest rates from their coins. With OKEx Cloud, users can access OKEx’s market depth, cutting-edge core technology, flexible token listing, cross-platform development, spot trading, P2P trading, and 24/6 global customer support. OKEx conducts regular burns using 30% of the income obtained via the OKEx spot trading fees. In his free time, Daniel travels and actively seeks out new thrilling experiences. As a privately-held company, OKEx was founded in China, but is headquartered in Malta, and actively employs over 1,000 people. Those looking to integrate the OKEx API within their own trading products and services can learn more on the API page. In this case, users can choose to add liquidity to a pool, which rewards them a percentage of the transaction fees incurred. Integrating Lightning with the OKEx platform will allow users to send and receive BTC in near real-time at next-to-no cost. Coins are also spread out across multiple private keys, which are encrypted and help in bank vaults. The domination of crypto-derivatives prove this kind of leveraged instrument is playing a fundamental role in price discovery process of cryptocurrency market. Historical derivatives data available shortly, both through our REST API and in .csv files. API is short for Application Programming Interface. Users will first have to activate margin trading by agreeing with the risks. Trade from crypto to crypto. Don’t miss out on this opportunity to be rewarded for your cryptocurrency trading activities. The most notable one is the United States of America, which has limited the activity of foreign crypto exchange platforms, which are now subject to regulatory approval. OKEX API. OKEx aggregates a series of earning opportunities within its earn product. Funds must then be transferred from spot wallets to margin wallets. Sep 2013. OKEx aims to cater both to novice and advanced cryptocurrency traders and investors. Trade European Style Options: 10x leverage. This set of rules can be found in the API documentation and describes how an application can interact with our exchange. Thus, the app serves as an all-inclusive interface that allows both asset storage and trading. Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. As such, OKT token holders obtain voting rights on team and community proposals, as well as staking privileges. Thanks to its cross-chain support and the value-exchange ethos, the OKExChain will hold significant popularity. The crypto earn feature has become incredibly popular as of lately, especially in the decentralized finance space. To unlock full trading capabilities, users are required to complete the know-your-customer (KYC) procedure. Lastly, OKB ownership allows users to join the OKExChain ecosystem, an open-source blockchain that allows users to obtain a larger number of tokens as soon as the mainnet is launched. Liquidity is always available, yet the number of supported pairs is fairly low. They have both a REST as well as a WebSocket version. When the rate is positive, long positions periodically pay short positions. The rest are seeing little to no activity whatsoever. Customers only connect one of the supported wallets. Lastly, OKExChain has announced compatibility for the Ethereum Virtual Machine, meaning that developers can leverage the tools and know-how they already hold to build next-gen dApps on this blockchain. The product markets itself as safe, stable, open, flexible, global and reliable. Required fields are marked *, 2017-2021. OKEx’s loan product allows traders to quickly obtain crypto-backed loans from the platform’s other users. Trading ideas, cryptocurrency fundamentals, and other technical knowledge is also readily available. To access the OKEx Cloud, users will have to fill an application form and conduct an audit with a dedicated project manager. Trade Bitcoin Perpetual & Futures: 100x leverage. These include yield farming on Sushiswap or Compound, but also locked savings and C2C loans. If you do want to run a bot connected to their API then you should make sure that your IP address is outside of Mainland China. For most digital assets, OKEx does not charge withdrawal fees. Safety is assured through blockchain immutability and transparency. OKEx exchange allows traders to buy and sell cryptocurrencies by using margin, giving them the chance to access leverage as high as 10x for spot, and 100x margin for futures. Mining pools allow investors to pool their assets together in order to ‘rent’ server space, that’s then used to mine a series of supported cryptocurrencies. To become an OKEx broker, applicants must own an independent product that supports API trading, over 500 BTC in monthly volume, and at least 2,000 monthly users. The OKEx Affiliate Program gives you an opportunity to earn free Bitcoin and a minimum of 30% commission whenever one of your referred customers places a trade on OKEx. He has worked as a cryptocurrency journalist for numerous publications in the crypto space and loves learning about next-gen tech. OKEx is a world-leading digital asset exchange, providing advanced financial services to traders worldwide leveraging blockchain technology. This major development will dramatically decrease transaction fees and times, improving user experience on the … Welcome to the OKEx API guide, OKEx technical support. a popular cryptocurrency spot and derivatives exchange, has announced the launch of real-time settlement for all its perpetual swaps, futures, and options contracts. As OKEx becomes a participant node in the Lightning Network, users will be able to select the Lightning Network option when depositing and withdrawing BTC. Users can also set up security features on their accounts, such as email verification, SMS verification, and 2FA authentication. Customers will have to use their passport to record a verification video according to preset instructions. This new feature will provide a better trading … Originally proposed by Joseph Poon and Thaddeus Dryja in 2015 as a Layer 2 scaling solution, the Lightning Network is a decentralized network that uses smart contracts on Bitcoin's blockchain to facilitate instant payments across the network. Some of the cons, however, include no service to US-based customers and the lack of a demo trading account. OKEx's Project Info covers various topics about cryptocurrencies, such as public blockchain, distributed computing and storage, Internet of Things, blockchain infrastructure, artificial intelligence, and decentralized finance. OKEx’s trading interface comes along with all tools needed to make smart and profitable futures trades. No rate limits for API usage, designed for enterprise or retail use. OKB also opens up additional revenue streams in the form of passive income, via the OKEx Earn product. OKEx is established in year 2013. Currently, the average BTC on-chain fee is more than $10 and takes between 10 to 30 minutes to complete, discouraging many users from interacting with the network. API access and downloadable CSV files. Huobi Global. However, OKEx’s cross-chain gateway product makes it possible for users to convert assets at a 1:1 ratio, even if one coin is not supported on a specific blockchain at all. Time-weighted average price (TWAP) orders and iceberg orders were first seen on OKEx, and they’re commonly used by the platform’s traders due to their benefits. All information is taken from the public sources. As expected, the token is necessary to pay the fees associated with all transactions carried out on this blockchain network. Based on everything that has been highlighted so far, OKEx has established itself as an all-inclusive cryptocurrency exchange, providing an array of services suited for digital asset enthusiasts worldwide. OKEx does not have its own fiat on-ramp, but it has partnered up with a third party to accept fiat-based deposits as well. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Introducing our "How to Bitcoin" book Beginners can easily understand the basics of Bitcoin and more - Check it out now! For spot trading, a tier-1 regular user with an OKB holding below 500 can expect to pay a maker fee of 0.08% and a taker fee of 0.1%. By employing multiple authorization mechanisms and using emergency plans for private key backups, funds remain inherently safe. The OKExChain also supports smart contract integrations, thereby creating yet another ecosystem suited for the deployment of decentralized applications (dApps). Get live charts for ONT-USDT-SWAP price, volume, open interest, spread, basis, funding rate, and historical stats on OKEx (Futures) perpetual derivatives exchange. This review serves the purpose of covering and evaluating everything there is to know about the OKEx digital assets exchange. OKB is also usable for traders looking to take part in token sales promoted via the Jumpstart product. At this point in time, holders can purchase technical services, financial services, and utility services. derivative_ticker. Participating in public sales comes along with a larger profitability potential, as public sale buyers are often able to purchase tokens at significantly lower prices, as opposed to those which are bought from the token market. Learn our futures position tiers to plan your trading strategies. Unlike futures and perpetuals, options trading contracts are not obligatory, meaning that bearers are given the choice to purchase or sell an asset at a predetermined price and date. The most advanced crypto derivatives trading platform available today! +1 226 798 4487. support@okex.com ©2021 OKEX.COM. The blockchain has proven fairly scalable so far, while also being efficient thanks to the low transaction fees. ALL RIGHTS RESERVED. The OKB utility token is one of OKEx’s native tokens, providing holders with significant benefits when using the platform. The most active trading pair on OKEx exchange is BTC/USDT. Your email address will not be published. Introducing our "How to Bitcoin" book Beginners can easily understand the basics of Bitcoin and more - Check it out now! However, some assets are made interoperable, thereby living on a number of different blockchains. An off-chain scalability solution to Bitcoin's network congestion, the Lightning Network acts as a payment protocol on top of the Bitcoin blockchain, routing payments through participating nodes through a peer-to-peer system that greatly reduces transaction fees and times. Where 20 million users across 200 countries and regions trade over $100 billion of cryptos every year. With support for 36 cryptos, multiple direct integrations with the trading app, and a vault service, the OKEx wallet has attracted tons of users. Trading is instantaneous and anonymous, as the DEX trading interface can be accessed without an account. Jumpstart represents OKEx’s token sale platform, which innovative crypto and blockchain-based startups can leverage in order to easily sell their tokens to the public. +1 226 798 4487. support@okex.com ©2021 OKEX.COM. Seychelles, Feb. 2, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is thrilled to announce the integration of the Bitcoin Lightning Network, a second-layer scaling solution based on the Bitcoin blockchain, in the coming quarter. About. Margin trading on OKEx is self-explanatory and easy to use. OKEx (Futures) is a centralized cryptocurrency exchange. Trading digital assets involve significant risk and can result in the loss of your invested capital. OKEX derivatives remains a top-notch venue globally and has a daily volume of approximately $4 billion and is widely recognized as the golden standard of crypto exchange. These are C2C loans that are facilitated through OKEx’s matching engine. About. As a non-custodial wallet, users retain full security and ownership over their private keys. As BTC adoption becomes increasingly widespread and more users interact with the Bitcoin blockchain, the cost of transactions rises significantly, while transaction speed is greatly reduced. The hot wallet offers security of private key storage through semi-offline storage and signature services. 30.65% 0.02% 0.04% 816. Okex, Exchange Wallet, Okex 1, Derivatives, Exchange, OKEx 1, OKEx in Ethereum Mainnet network. The average funding rate (in %) set by exchanges for perpetual futures contracts. While OKEx is a centralised exchange by definition, it has also launched decentralized trading through swaps. OKEx supports many of the market’s best known digital currencies, including but not limited to BTC, ETH, XRP, USDT, BCH, DOT, LINK, ADA, LTC, XMR, and YFI. Roughly 30 digital currencies can be purchased directly via USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, and more. The options trading interface is just as good, featuring all tools needed. Derivatives. If you want to buy Bitcoin, you can easily get it in 1 minute with Visa, Mastercard or other payment methods. OKEx (Futures) volume in the last 24 hours is reported to be at ₿220,833.65 and open interest of ₿54,904.64. These provide better portfolio optimisation, lower trading fees, trade segregation for transparency purposes, and access to API services designed to carry out algorithmic trading. With military-grade security, unparalleled liquidity, quick order matching, and numerous other benefits, it’s no wonder that OKEx reports billions of dollars worth of trading volume. ... A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the … OKEx allows loans for a period ranging between 3 to 180 days, which are often priced at a 3.65% – 15.33% effective interest rate. About us So far, OKEx has never faced a high-profile successful hack, in spite of the fact that some users reported that their accounts were accessed by attackers, leading to loss of funds. Lightning integration also highlights OKEx's deep commitment to bringing the most advanced Bitcoin technology to the world — and furthering the development of the Bitcoin ecosystem. OKEx's leadership in adopting Lightning will help bring Bitcoin to the next billion people around the world," said Elizabeth Stark, co-founder and CEO of Lightning Labs. Of course, OKB can also be used as a means of payment. OKEx Trading Rewards is a promotion program that offers rewards and welcome bonuses to traders. First off, OKB holders are eligible to obtain up to 40% off their trading fees, depending on which tier users qualify for. Perpetual contracts are similar to futures, with the difference being that there is no expiry date. Seychelles, Feb. 24, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is once again reaffirming its commitment to the growth of the DeFi economy by listing Terra’s popular governance token, LUNA, for spot trading on the exchange, and enabling savings, margin … Real-time consolidated market data streaming API via client libraries that connect directly to exchanges' WebSocket APIs. The Complete OKEx Exchange Review - is a world's largest cryptocurrency exchange by features and trading volume. Most of the assets that are freely tradeable within the spot wallet can be deposited and withdrawn with ease, and without having to pay unnecessary transaction costs. OKEx has invested considerable resources into building an all-inclusive platform, designed to serve most needs that digital currency enthusiasts may hold. Seychelles, Feb. 2, 2021 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is thrilled to announce the integration of the Bitcoin Lightning Network, a second-layer scaling solution based on the Bitcoin blockchain, in the coming quarter. Some of its other key selling points include the OKB utility token, the OKExChain, the OKT token, as well as services like Earn, Loan, Jumpstart, Academy, Mining Pool, Cross-Chain Gateway, Wallet, Cloud, Brokerage, and more. https://www.okex.com/academy/wp-content/uploads/2021/02/1638319.jpg, OKEx lists Perpetual Protocol’s PERP plus three more leading DeFi tokens, OKEx lists Chiliz’s CHZ, driving engagement in sports and entertainment, OKEx lists DeFi token LUNA and enables margin trading, perpetual & savings for MIR and TORN, Hedge or profit from long or short positions, Easy to trade all instruments in just one account. All you need is to buy, deposit, and trade crypto! OKEx exchange deposits and withdrawals are mainly done via digital currencies. Users can experience the real-time settlement feature by using an API, web or the OKEx mobile app. Tokens are burnt every three months by having them sent to a non-access burning address. Users can expect to trade in OKT, USDT, ETHK, OKB, LTCK, and BTCK, directly on the native OKExChain. Your email address will not be published. Additional measures are taken to make sure that no individual from within the company has free access to user funds, through the usage of multi-signature logins. An API provides a means for one application to interact with another according to a set of rules. What the day to day looks like: Connect with overseas institutional users to introduce the API product and explain the product logic; Get live charts for BTC-USD-210326 price, volume, open interest, spread, basis, funding rate, and historical stats on OKEx (Futures) futures derivatives exchange. www.okex.com. Basic Advanced. OKEx is a leading BTC exchange with highly secure SSL encryption and cold storage etc for crypto trading. As demand has spiked all across the cryptocurrency board, especially stablecoins, leading spot and derivatives trading platform OKEx has announced support for two of the most market’s most popular stablecoins on the Algorand protocol. Futures contracts entail that traders agree to purchase or sell an asset at a predetermined time and date. CRYPTOTOTEM. OKEx perpetual traders will find an immersive interface that contains all necessary tools. OKEx exchange gives you the possibility of creating sub-accounts used for crypto trading. On the other hand, a regular user holding over 2,000 OKB will only pay a 0.06% maker fee and a 0.08% taker fee. To create an account on OKEx, simply click on the sign-up button located on the upper-right corner of the screen, and proceed to enter your email and password. We are active on Twitter, Facebook, Telegram, YouTube and LinkedIn. BTC-USD-200103. At this point in time, OKEx classes as one of the world’s largest exchanges by features and trading volume, a title it has rapidly gained since its establishment in 2013. Daniel is a digital currency expert, freelance writer, and jurist. Basic Advanced. About us This means that you cannot have ETH operating on the BTC blockchain. OKEx is the world’s largest cryptocurrency, spot & derivatives and bitcoin exchange. The exchange discusses the main benefits of its brokerage program, and these include high commissions, product performance boosts, and 24/7 support. This major development will dramatically decrease transaction fees and times, improving user experience on the exchange. a popular cryptocurrency spot and derivatives exchange, has announced the launch of real-time settlement for all its perpetual swaps, futures, and options contracts. A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. Historical tick-level order book data, trades, funding, liquidations, options chains and more. Of course, all transactions out of OKEx’ wallets entail the payment of blockchain transaction fees, which are non-dependent on the exchange. Cryptocurrency mining can bring in considerable profits, but it often entails expensive investments in powerful hardware, as well as electricity consumption costs. OKEx takes security very seriously, but fund security also depends on how careful users are. OKEx is available in most regions of the world, with a few exceptions. About us Either way, the creation of sub accounts is easy, as highlighted in the official guide. The exchange is led by Jay Hao, who has been serving as its CEO for years. Welcome to the OKEx API guide, OKEx technical support. If you find any discrepancies or false information about projects, infringement of copyrights or scam ICO/STO/IEO, please write us a. When engaging in spot trading, users have access to all relevant tools designed to carry out market analytics and to determine which coins should be purchased or sold. This new feature will provide a better trading experience for users, improve the capital efficiency of their funds, and enable greater cross-exchange arbitrage opportunities, among other benefits. The platform currently supports multiple order types, including but not limited to limit, advanced limit, market, stop limit, trail, iceberg, and TWAP orders, allowing users to make the most out of their trades. OKEx volume in the last 24 hours is reported to be at ₿93,338.50. Twitter: https://twitter.com/OKExFacebook: https://www.facebook.com/okexofficial/LinkedIn: https://www.linkedin.com/company/okex/Medium: https://medium.com/@OKExTelegram group: https://t.me/OKExOfficial_English. OKEx. There are multiple revenue streams accessible by simply owning cryptocurrency, including yield farming, staking, or lending interest. If you agree to our use of cookies, please continue to use our site. According to recent statistics, crypto-derivatives trading makes up 90% of the trading volume, in notional value, in crypto trading market – comparing with spot trading. Now, cryptocurrencies can be purchased via Visa, MasterCard, Apple Pay, and others. There are coins and 1108 trading pairs on the exchange. $4,518,608,480. OKEx has recently finalised the OKT initial minting and distribution token event, but it has sold many other tokens, including MXT, FLM, RIO, ZYRO, and more. The highest tier VIP user with a 30-day trading volume above $1Bn can expect a maker fee of -0.01% and a taker fee of 0.03%. OKEx Lists Chiliz, Enables CHZ/USDT and CHZ/BTC Spot Trading. OKEx currently mines via the proof-of-work (PoW) consensus mechanism, and supports several algorithms, these being SHA256, Ethash, Scrypt, X11, Blake256, RandomX, Tensority, Anx Equihash. OKEx is a centralized cryptocurrency exchange located in Belize. Perpetual Perpetual Easily trade with up to 100x leverage. By this point, it is common knowledge that many cryptocurrencies have their very own blockchains which they are exclusive to. For those of you who like to code trading algorithms, you will be happy to know that OKEX has a pretty robust API with a number of endpoints. More so, up to 100x leverage is supported for futures trading. The token comes along with a deflationary mechanism, designed to reduce the circulating supply, thereby further boosting the token’s value. Shortly thereafter, margin trading can commence. API; Logout; Assets Assets. The most active trading pair on OKEx (Futures) exchange is BTC/USDT. Of course, this extra bitcoin doesn’t amount up to huge rewards, but it does provide an incentive to learn more about the cryptocurrency market.