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OKEx partner with CoinMarketCap following OKB token listing

Cryptocurrency exchange OKEx’s cross-chain recovery program has successfully retrieved more than $400 million worth of misplaced crypto coins and returned them to users since its implementation, according to a press release shared with Coin Rivet. The exchange states: “Depositing into an incorrect address is a very common but also frustrating mistake that users can make. Because of the irreversible nature of blockchain, recovering lost digital assets can be very dangerous and time-consuming. “Many exchanges find the process too complicated and are not willing to do this for their customers.” However, the Malta-based OKEx exchange has said it is committed to providing a trusted ecosystem for everyone to access digital assets and endeavours to safeguard the assets of every user, including

The post OKEx’s cross-chain recovery program has retrieved more than $400m of lost crypto appeared first on Coin Rivet.

Maltese cryptocurrency exchange OKEx has announced it will contribute to CoinMarketCap’s Data Accountability and Transparency Alliance (DATA) to reduce misinformation in the cryptocurrency market.

DATA is a collaboration of 11 cryptocurrency exchanges. It will collect data on live trading and live order book data so true figures are relayed on CoinMarketCap to help reduce the spread of fake volumes.

Andy Cheung, Head of Operations at OKEx, said in an official press release: “The crypto market is a rapidly developing space, and its trading volume is fully contributed by traders. While we are contributing to the development of the industry, we are also facing the challenges of unethical practices generated by external factors.”

He added: “At OKEx, we are committed to building a robust blockchain ecosystem, and this commitment extends to our stakeholders and other external resources associated. We are excited to join hands with CoinMarketCap to cultivate a well-rounded, fair, and transparent trading market for digital assets. With a third-party reliable source, traders can make their own choice whether to trust an exchange, and I believe they will realise OKEx is here for them.”

OKEx’s native token, OKB, has also been listed on CoinMarketCap. At the time of writing, the daily trade volume of OKB is $64 million, with the token being valued at $1.60.

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The post OKEx partner with CoinMarketCap following OKB token listing appeared first on Coin Rivet.