OKEx’s Native Token OKB Jumps 25% in January on Partnerships

OKEx’s Native Token OKB Jumps 25% in January on Partnerships

OKEx’s native token OKB has showed robust performance in January 2020, leaping 24.9 percent to 3.26 USDT compared with 2.61 USDT previously.

OKB’s bullish performance is not surprising since the company is constantly working to improve its underlying infrastructure and update its offerings.

Some of the significant developments that enhanced the cryptocurrency’s recent movement includes boosting the storage support of the crypto through alliances, as well as the new depositing platform EURO and listing on Coinbene.

Source: News BTC Website

OKB has formed alliances with more than 32 international companies. Thus, members of the crypto community can buy the tokens using some of the big fiat currencies including the US Dollar, Euro and Indonesian Rupiah.

The OKB tokens can also be exchanged on some of the largest C2C and Spot markets, against other crypto and fiat pairs.

One such advancement is the latest listing on Bitlocus that encouraged people to buy OKB with fiat using VISA cards, SEPA, and SWIFT.

OKEx offers several benefits to OKB holders

It is worth mentioning that OKB holders get several benefits on OKEx, especially as the platform provides more than 400 token and futures trading pairs. It also provides fiat-to-token trading, spot trading and futures trading.

OKB, the 15th largest cryptocurrency with a market cap of $1.47 billion, rose 30.97 percent to $5.170 up in last 24 hours.

Cryptolydian earlier reported that the derivatives have recently seen positive developments. OKEx, an exchange based in Malta, announced that it will support crypto options. Moreover, Napoleon AM, a Paris-based asset management firm, said it will launch a licensed Bitcoin fund.

Over the past years, crypto derivatives trading has significantly widespread, with platforms such as BitMEX and OKEx reporting large trading volume for their Bitcoin futures. Mainstream finance has showed strong performance with the start of trading Bitcoin futures on Chicago Mercantile Exchange in 2017, and its eventual launch of trading options in 2020.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.