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OKEx Adds Euro Trading Market for Its Token OKB

VALLETTA, Malta, Jan. 15, 2020 /PRNewswire/ -- OKEx (www.okex.com), the world's largest spot and futures digital asset exchange by trading volume, announced the launch of OKB's first OKB/EUR market on Bitlocus, a Europe-based cryptocurrency exchange startup. Traders can now trade OKB with Euro via SEPA, SWIFT, and Visa card.

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Launched in 2019, Bitlocus is an up-and-coming crypto marketplace offering both crypto-to-fiat and crypto-to-crypto trading services. Currently, it has become one of the world's major Euro fiat-to-crypto trading platforms.

Recently, OKB was listed on Indodax, the largest crypto exchange in Indonesia. As of now, OKB can be traded against multiple fiat currencies, including the US dollar, the South Korean won, the Vietnamese dong, the Indonesian rupiah and Euro. The addition of the new Euro trading market marks another strategic milestone in OKEx's international expansion.

"OKB is entering the third year in maturing its ecosystem. Listed on Bitlocus, such collaboration has unlocked our achievement to introduce OKB to European market. Moving forward, we will work our best to expand the OKB ecosystem and continue to build further. We believe the future of OKB could be beyond your imagination," said Jay Hao, CEO of OKEx.

In recent months, the OKB ecosystem has been taking shape fast into a global token economy.

Currently, OKEx has partnered with 25 partners worldwide to enable users to redeem with OKB a plethora of products and services, for example, hotel booking, online shopping, mobile top-up, cybersecurity services, and decentralized finance (DeFi) services, to name a few.

OKEx also offers a range of OKB-exclusive privileges for OKB holders, including greater trading fee discounts and higher subscription limit in OKEx Jumpstart token sales.

On the other hand, the 6th OKB buy-back and burn was carried out to offsetting its inflation and consolidating its value. This time, 5,945,273.91 OKB was burnt while 13,978,364.45 OKB has been bought-back and burnt since May 4, 2019, which is 4.7% of the total circulating amount.

Thanks to the above actions, OKB has been going strong in the secondary market. According to AMBCrypto, OKB achieved the highest ROI of 386% in 2019, compared to 147% of Binance's BNB and 180% of Huobi's HT.

About OKEx

OKEx is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital assets trading services including token trading, futures trading, perpetual swap trading and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

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SOURCE OKEx