Crypto CurrenciesOKEx’s cryptocurrency spot exchange, lists 8 DeFi tokens

PRNewswire PRNewswireSeptember 1, 20205 min

OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, announced the listing of no less than eight promising DeFi tokens in just one day, reinforcing its commitment to the expanding DeFi economy. The tokens include Band Protocol (BAND)JUST (JST)REN (REN)Reserve Rights (RSR)Yearn.finance (YFI)Nexus Mutual (wNXM)YFII.finance (YFII) and Tellor (TRB), covering a range of DeFi innovations from oracles and insurance to stablecoins and liquidity providers.

The spot trading pairs of these tokens against USDT opened from 7:00 am UTC on Aug. 28, 2020, and the trading pairs against BTC and ETH were available one hour later. Deposits of these eight tokens went live at 4:00 am UTC on Aug. 28, 2020, and withdrawals will be available from 7:00 am UTC on Aug. 31, 2020.

These new listings add to the rapidly expanding suite of DeFi tokens that OKEx has made available for its global user base, taking the total to 27 and following recent listings of popular projects including Mantra DAO’s OM, the first DeFi project built on Parity Substrate for the Polkadot ecosystem, and Decentralised Information Asset (DIA), an open-source platform for transparent, community-verified price oracles for DeFi applications.

Commenting on the new listings, OKEx CEO Jay Hao said: “OKEx has been keenly observing the DeFi market dynamics and trying our best to collaborate with high-quality innovative DeFi projects that show the most potential. We are very encouraged to see so many excellent projects emerging in the market, as this also indicates that the DeFi space is developing rapidly.” He added: “The decision to list eight new DeFi tokens today is far from the end of OKEx’s support for DeFi projects. We are committed to continuously helping the development of DeFi and further promoting the blockchain industry.”

Such a large-scale listing of tokens within one day is very rare for leading exchanges and highlights not only OKEx’s capability to move quickly and adapt to the demands of its users, but it also reinforces its commitment in the potential of the decentralized finance economy.

With 27 DeFi tokens available for trading on its platform, OKEx is taking a leading role in this area among top-tier centralized crypto exchanges, and it has also enabled a new “DeFi category” on its website in which traders can quickly find information about DeFi coins, further reflecting OKEx’s dedication to the space.

“We continue to be very optimistic about the development prospects of DeFi. We believe that DeFi will become an excellent supplement to the traditional financial system thanks to its core qualities of high-efficiency, high-security, low-friction and low costs,” Jay Hao added.

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

PRNewswire

PRNewswire

Leave a Reply

Your email address will not be published. Required fields are marked *

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications




FintecBuzz, 2020 © All Rights Reserved