Developed by the crypto money exchange OKEx, OKB has gained more than 80% in the last week, according to CoinGecko data. OKB broke a record to $ 33.4 on Saturday as a result of the week-long rise.
OKB, one of the largest stock market coins with a market value of $ 8.2 billion, was trading at $ 16.24 earlier this week. OKB became the 21st largest cryptocurrency in terms of market capitalization, after breaking today’s record.
What is OKEx Coin and Exchange?
OKEx, the world’s leading cryptocurrency exchange, offers advanced financial services with global blockchain technology.
OKEx provides trading with hundreds of tokens and futures pairs to help users optimize their strategy. In addition, we are one of the largest digital asset exchanges in terms of transaction volume, serving millions of users in more than 100 countries. Our BTC futures have a volume of about $ 1.5 billion daily and are widely considered the gold standard for the industry.
At OKEx, we believe that blockchain technology will remove barriers to trading transactions, increase efficiency and have a significant impact on the global economy. We strive to continue our innovations, improve ourselves in the field of customer experience and achieve things that will change the world.
Safety is always our priority. Using OKEx, GSLB, distributed server clusters and many more advanced technologies; It provides a safe, stable and reliable environment for digital asset transactions through its web interface and mobile application. In addition, we create and develop products based on our customers’ needs and suggestions to provide the best trading experience in the industry.
Regular burning process is approaching
OKB can be used to participate in private token sales organized in the OKEx ecosystem, to earn passive profits or to get discounts on transaction fees in the exchange. According to CoinGecko data, 8.6% of the $ 8.1 billion volume formed in the exchange within 24 hours is due to the OKB / USDT parity.
The supply of OKB, which was initially determined to be 300 million, is reduced by burning operations performed every 3 months. A burning took place on March 3, 2021 for the period from December 1, 2020 to February 28, 2021, and more than 2 million OCDs were destroyed.
OKEx buys OKB from the market by using 30% of the transaction fee obtained on the platform to perform these transactions. More than 30.5 million coins have been burned so far, while the circulating OKB supply has been announced as 269.4 million.
Great interest from Turkey to Okex
OKEx, which has changed its headquarters due to restrictions in China, continues to expand its global operations. One of the markets where the stock exchange that supports TRY transactions has grown is Turkey.
OKEx announced last week that it will organize a special futures event for its users in Turkey, distribute a cash prize of $ 20,000 with the iPhone 12, and the event will continue until May 12. Meanwhile, the social media leg of the exchange in Turkey continues to get stronger.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.