OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. An OKEx exchange review shows that they serve areas worldwide via no less than 420 markets. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. They use blockchain technology to offer advanced financial services to traders on a global basis, including C2C trading, perpetual swap contracts, spot trading, futures contracts and an index tracker.
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It is revealed by an OKEx exchange review that they offer C2C trading that happens at market-driven prices and zero transaction fees. It happens via an advanced system that instantly matches traders and to guarantee safety, all traders are verified and customer service/support is available 24/7.
It also reveals that the spot trading they offer make it possible to trade different types of crypto tokens both established and emerging tokens. This is available 24/7 via a reliable and stable platform. In addition, advanced cold storage wallets are used to ensure optimal security.
It is also revealed by an OKEx exchange review that they offer futures trading in the form of futures contracts that can be traded in terms of EOS, ETH, BTC and other digital assets. This can be used to hedge a crypto portfolio against risks relating to extreme price fluctuations. They provide ample leverage (10x / 20x) and offer contracts with a choice of multiple delivery dates, including weekly, bi-weekly and monthly. They also offer advanced trading tools to professional investors that make algorithm trading possible.
One exchange review reveals that the exchange is registered under OKCoin, where OKEx focuses more on providing a trading-focused version of it. Though the exchange boasts high trading volumes due to its wide market access, one exchange review reveals that it is not as popular in the West due to its Chinese roots. China has certain regulations concerning cryptocurrency exchanges, which led to the banning of ICOs in the country. This causes certain users to proceed with caution when investing on this exchange. There have not been any reports of significant hacker activity on the platform, which is a reassuring fact. Though as the exchange was established in 2017, it is too early to make a definite assessment of the strength of its security system.
The platform allows fiat-crypto trading alongside crypto-to-crypto trading. This makes OKEx an entry-level exchange, meaning new cryptocurrency investors can practically convert fiat currency into cryptocurrency and begin trading. One of the biggest advantages of using this exchange is its low fees. Trading fees are offered in a volume-based maker-taker fee schedule, with some fees starting from as low as 0.03%. This is significantly low compared to the global industry average of 0.20%-0.25%. Information about the minimum deposit fees is not available online.
OKEx supports a website that is easy to use with its modern yet simple design. It offers an impressive list of interface translations, which covers ten languages. The exchange also has an active presence on social media, which makes it very accessible and user-friendly globally.