OKB is a cryptocurrency operating on the Ethereum Network and is a native token of OK Blockchain Foundation. The OKB token is used as the utility token within the OKEX, and the holders of the OKB coin have several benefits like discounted fees and voting rights.
Notably, the amount of discounts depends upon how often you trade on the Exchange and how many utility tokens you hold. The current market price of OKB is $40.79, with a 24-hour trading volume of more than $2.14 billion. Its price has increased by precisely 128.9% within a week.
It can be traded on its 61 active exchanges, including OKEx, BiONE, CoinBene, FTX, and Hotcoin Global. The OK Exchange has many blockchain incubators focused on growing startups, and it has also partnered with many businesses. Founded in 2014, OKEx is becoming one of the significant exchanges in the world.
Talking about the trading tools on OK Exchange, it includes margin trading, spot trading, and perpetual swap options. Additionally, it also provides many other services, including OKEx cloud, OKEx mining pool. It also offers an earn and loan feature, which allows the staking and saving services for its users.
The first Decentralized application based on OKEx was OKEx DEX. OKChain is a commercial blockchain developed by OK Exchange, which is a crucial milestone in the ecosystem of OK Exchange. Since 2017, OKChain is being operated as a separate entity from OKEx. Also, the Exchange funds the blockchain-based startups via OKEx Cloud and OKEx Jumpstart programs.
OKEx, on May 3, 2021, announced the listing of Chia’s native token, XCH, for spot trading, which was opened on May 3 at 06:00 pm UTC. OKEx is a market that supports everybody, including day traders, newcomers, and long-term holders. With more than 20 million traders, the OK Exchange is indeed one of the trusted crypto marketplaces in the world. The OK Exchange is continuously innovating. So, we can expect more services to be added to the platform with the company’s growth. OKEx is still one of the largest crypto exchanges in the market.