Malta-based cryptocurrency exchange OKEx has added support for a new feature that allows users of stablecoin Dai (DAI) to earn interest by staking their holdings. In a blog post on Dec. 17, OKEx confirmed users can now stake their Dai via its in-house mining pool, Pool. In return, they will earn 4% interest via the so-called Dai savings rate (DSR), along with an added incentive from OKEx itself. OKEx lures Dai investors The move makes the exchange the first major trading platform to integrate DSR, and the feature will go live on Dec. 23. “On December 23, users of the …

Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD). Following the addition, users at some of Simplex’s partner exchanges such as Binance will be able to buy crypto via credit cards using JPY and CAD, industry publication The Block reports Dec. 9. Not all Simplex’s partner exchanges will be supporting JPY and CAD by default Cointelegraph contacted both Simplex and Binance in order to confirm the news. Simplex’s spokesperson confirmed the report, noting that the company’s partners are now able to allow their users to buy crypto …

Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27. In a press release on Dec. 9, the exchange said that the addition of options makes OKEx the “first crypto exchange to offer C2C, spot, futures, perpetual swap, and options trading under the same roof.” The options will allow the platform’s users to buy or sell an underlying asset after paying a premium. While real options trading will begin on Dec. 27, simulated trading is scheduled to start in just three days, on Dec. 12. A major upgrade for OKEx To implement options, the firm …

The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain. On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that six of EOS’s total pool of Block Producers are managed by just a single entity, intensifying criticism of the network’s centralization. EOS’s blockchain is secured using a delegated proof-of-stake model, with 21 Block Producers elected to operate EOS token holders to exclusively operate the network’s …

Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. OKEx announced the news in a press release shared with Cointelegraph on Nov. 22, detailing that it had partnered with Ledger, Vietnam-based over-the-counter exchange Aliniex, fiat-to-crypto exchange Bvnex, and virtual blockchain-powered retailer Cryptomall. Bringing crypto trades into the mainstream The collaboration is aimed at moving the OKB ecosystem into the mainstream, as well as making it more comprehensive for its global user base. The company specified in the release, that OKB will be listed on Ledger’s hardware crypto wallet, …

Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began on Nov. 5, the exchange listed the BTC/USDT offering on its trading platform. The exchange previously said that offering a stablecoin-based derivatives contract will make it simpler and more efficient for traders to navigate the market and calculate risk. OKEx CEO Jay Hao commented: …

The world’s 3rd largest crypto exchange OKEx has announced it will be listing Tezos (XTZ) later this week. In an announcement shared with Cointelegraph on Nov. 4, OKeX said that XTZ deposits will be available as of 09.000 UTC on Nov. 6, with XTZ spot trading against Bitcoin (BTC) and Tether (USDT) to launch at 9.00 UTC on Nov. 7. XTZ withdrawals will be functional from 09.00 UTC on Nov. 8. Driving participation Tezos — founded by former Morgan Stanley analyst Arthur Breitman and Kathleen Breitman — is a multi-purpose blockchain platform that supports decentralized applications and smart contracts. The …

Visit the website of any stock exchange platform, like the Nasdaq or the New York Stock Exchange, and the listing fees for new companies are there to see. There is hardly any controversy when it is clearly stated like this, but the same cannot be said for the cryptocurrency space. Here, numerous reports show that crypto exchanges are being decidedly opaque about the structure of their listing fees. Take Blockstack, for example: A recent filing with the U.S. Securities and Exchange Commission revealed a $250,000 payment to Binance in its listing of STX token. The cryptocurrency trading giant, however, denied …

OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could open the door for many new retail traders. Related: Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US This news prompted a few murmurs. Stablecoin provider Tether, after all, has been the subject of some unsettling news stories, as Cointelegraph recently reported. Is USDT broken? Kevin Batteh, who serves as the Chamber of Digital …

The world’s 5th largest crypto exchange OKEx is planning to launch Tether (USDT) futures trading, offering a linear futures contract with leverage of up to 100x. According to a press release shared with Cointelegraph on Oct. 29, the contract will have daily settlement and offers supported pairs with Bitcoin (BTC), EOS, Ether (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, Ethereum Classic (ETC), Bitcoin SV (BSV) and Tron (TRX). Stablecoin-based derivatives can simplify trading OKEx argues that offering stablecoin-based derivatives contracts will offer a simpler and more efficient means for traders to navigate the market and calculate risks. A USDT-based derivative, …

OKEx announced that it is joining Klaytn, a global public blockchain platform developed by Kakao subsidiary Ground X. On Oct. 25, OKEx wrote in a press release that blockchain project Klaytn will be onboarding the crypto exchange into their ecosystem aiming to expand blockchain adoption. OKEx is joining a number of industry giants such as Samsung Blockchain, IDG Capital, and Shinhan Bank. The exchange called this partnership an opportunity to build a stable blockchain ecosystem and connect to different networks and portfolios in the blockchain industry. Andy Cheung, Head of Operations of OKEx, commented on the partnership: “Exchanges and projects …

Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium. Since then, starting with the introduction of various regulatory frameworks by South Korea to reduce regional premiums that included the prohibition of trading cryptocurrencies with foreigners in the local market, premiums in major markets have …