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OKEx’s “Topped The Industry Globally”; Records $2.4 Billion Daily Trading Volume In 24-Hours


The Malta based cryptocurrency exchange OKEx has “topped the industry globally”. According to official reports, the exchange has recorded a massive $2.4 billion in 24-hour daily trading volume for its contract market.

The exchange offers updated trading features such as token trading, index tracker, futures trading and perpetual swap trading comprehensively. OKEx allows users to optimize their buying and selling strategies by offering more than 400 token and future trading pairs. The exchange’s customers are spread across 200 regions and nations.

According to the official data, it has now “topped the industry globally”. Among its traders, 56% of them have gone “long” on Bitcoin, “reflecting the market’s optimism on the digital asset and overall environment,” says OKEx. The exchange has recorded $53 billion total trading volume, 85 days after its launched its perpetual swap trading feature according to sources.

There are a lot of innovative products added to the exchange’s derivative line up. Currently the exchange’s contract market has nine kinds of contracts for trading including Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Tron [TRX], EOS [EOS], Ethereum Classic [ETC], Bitcoin Cash [BCH], Bitcoin SV [BSV] and Litecoin [LTC].

Head of operations at OKEx, Andy Cheung stated, “I am thrilled to see the number grow so significantly, bringing OK Exchange to the top among our peers and marking a new milestone for the business.”

“It is encouraging that traders are positive and open-minded to the future of cryptocurrency. This really strengthens our faith going forwards. To maintain our leading position, we will ensure a trader-friendly environment for users to enjoy trading digital assets on OKEx.” He further added.

In December 208 the exchange launched a new bitcoin derivative product with no expiry date. This feature will allow to hold positions indefinitely. The product, dubbed a “perpetual swap,” allows crypto traders to option to guess on the future value of OKEx’s bitcoin [BTC] to U.S. dollar [USD] index.