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- Bruce Reid
- moneyfx advance
Offline - From: Pakistan
- Registered: 2/14/2015
- Posts: 282
OKEx Puts $4.5 Million to Foster Crypto Derivative Market To Support
OKEx announced to inject $4.5 million-worth Bitcoin to the insurance fund for its perpetual swap market. As one of the world’s most active and liquid crypto derivative trading platforms, the OKEx perpetual swap market is safeguarded by the insurance fund in case margin call losses and clawbacks take place.
“The Power Lunch is a significant leap promoting blockchain and digital assets to legacy finance and Wall Street. We truly appreciate our peers’ efforts in bolstering token economy,” said Andy Cheung, Head of Operations of OKEx. “We would also like to support the blockchain technology development in our own way and, at the same time, put our customers first. That’s why we decided to place our resources to where our customers can directly benefit.”
OKEx’s world-leading crypto derivative marketplace serves millions of users globally, offering hedging and arbitrage instruments, such as futures and perpetual swap, to help traders optimize their trading strategies. Until now, no major security issues, hacks, and asset losses have taken place on OKEx.
“Customer satisfaction is the core of our service. The key to delivering the best user experience to our customers is security,” added Andy Cheung. “Our founding members and executives are all tech and internet experts with solid background. This allows us to lead the tide in product and technology development. We, as believers in Bitcoin and blockchain, are looking forward to bringing more positive changes to the existing financial system with our technologies.”
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Last edited by Bruce Reid (7/28/2019 4:41 pm)
- David Young
- moneyfx advance
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- Registered: 12/29/2014
- Posts: 44
Re: OKEx Puts $4.5 Million to Foster Crypto Derivative Market To Support
Not surprised at all. Warren Buffett is as big a name as you could call for so such amount looks small in that reference….
- Chris Adams
- moneyfx advance
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- Registered: 2/21/2015
- Posts: 112
Re: OKEx Puts $4.5 Million to Foster Crypto Derivative Market To Support
Lovely decision this by OKEx, I know a lot of people think this is huge amount but that’s the reason why we are here and they are there.
This is truly recipe of awesomeness!!
- Jimmy Hansra
- moneyfx advance
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- Registered: 10/31/2015
- Posts: 46
Re: OKEx Puts $4.5 Million to Foster Crypto Derivative Market To Support
Kudos to the whole team at OKEX, you guys truly rock!!!!!
- Karisen Tayler
- moneyfx advance
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- Registered: 7/15/2015
- Posts: 84
Re: OKEx Puts $4.5 Million to Foster Crypto Derivative Market To Support
Amazing news!! Thanks for sharing it, so very excited with how this turns out….
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