Tag: OKX

The crypto exchange created a new product, “Nitro Spreads,” to provide institutional investors with an easier way to “trade the basis” and successfully navigate the market. In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand…

The Middle Eastern arm of the exchange said it had opened an office in the Dubai World Trade Center and planned to increase its staff to 30 people. The Middle Eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Assets Regulatory Authority (VARA) had granted the firm a minimal viable product preparatory license as part…

Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength. On…

Binance’s market dominance fell largely due to its decision to end zero-fee trading for some trading pairs and not the CFTCs lawsuit, says Kaiko. The dominance of cryptocurrency exchange Binance in trading volume market share has slipped over the past two weeks following a lawsuit from the United States commodities regulator and its decision to…

Crypto exchange OKX published its second proof-of-reserves report, a month after its first, in a continuing effort among crypto exchanges to provide evidence they are handling customer funds safely following the collapse of FTX. Meanwhile, the proof-of-reserves method used, following the collapse of FTX has been criticized by the SEC. In a statement, OKX said…

The European Union has confirmed a sweeping ban on providing crypto services to Russians as it tightens sanctions in the wake of what it calls “sham” secession votes in four Ukrainian regions. All transfers from Russians to European crypto wallet providers will be forbidden. Meanwhile, NFT creator Dapper Labs and crypto exchange OKX has also…