OKEx Adds Euro Trading Market for Native OKB Token, After Debuting with Bitcoin Options
OKEx, the popular crypto derivatives exchange, today announced the launch of OKB's first OKB / EUR market on Bitlocus, a cryptocurrency exchange startup based in Europe.
Launched in 2019, Bitlocus is a crypto market that offers crypto-to-fiat and crypto-to-crypto trading services. Its aim is to become one of the world's leading fiat currency to cryptocurrency trading platforms. OKB was recently listed on Indodax, the largest crypto exchange in Indonesia.
The platform for Bitcoin options trading, which went live on Thursday, January 9, 2020, has also made its debut . This follows the successful completion of the simulation and the exclusive, invitation-only trading phase. With this latest development, OKEx has become the only cryptocurrency exchange offering C2C, Spot, Futures, Perpetual Swap, and Options trading on a single platform.
[amazon box="B01DWDKAOC"]Reaching the European audience
As of now, OKB can trade against multiple fiat currencies, including the US dollar, the South Korean won, the Vietnamese dong, the Indonesian rupiah, and now the euro.
“OKB is entering the third year in the maturation of its ecosystem. Included in Bitlocus, this collaboration has unlocked our achievement of introducing OKB to the European market. In the future, we will do everything possible to expand the OKB ecosystem and continue to build more. ”
- Jay Hao, CEO of OKEx
OKB holders receive exclusive privileges, including greater discounts on business rates. And a higher subscription limit on token sales.
Bitcoin Options Debut on OKEx
OKEx’s new options trading platform has a much faster and more robust trading infrastructure. It not only supports “buy” but also “write” options for greater trading flexibility and transparency in trading prices.
It also implements a sophisticated risk management system that features brand prices, daily settlement rules, and short rating rules. The platform has also contributed a total of 150 BTC to the BTCUSD options insurance fund to minimize the risk of recovery.
