CryptoCurrency

OKEx Adds GBP and THB to its OTC Trading Platform

OKEx, a digital asset alternate primarily based in Malta, introduced this Wednesday morning that it has launched two new currencies on its over-the-counter (OTC) buying and selling platform – Thai baht (THB) and British pound (GBP).

With the launch of the 2 new currencies, customers in each Thailand and the United Kingdom can now full the know-your-customer (KYC) verification to be eligible to commerce on the OTC buying and selling platform, which can be known as a fiat-to-cryptocurrency platform.

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Via the OTC buying and selling platform, clients can place orders with their chosen fee technique and self-selected alternate charge to purchase or promote digital monetary property with fiat currencies.

On the buying and selling platform, clients can now commerce the THB and GBP in opposition to Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin (LTC). In addition, the platform additionally facilitates international digital property buying and selling with the Vietnamese Dong (VND) and Chinese Renminbi (CNY) fiat-to-cryptocurrency markets. The alternate plans so as to add additional currencies this 12 months, the assertion launched right now mentioned.

Celebrate the launch of Thai Baht (THB) & British Pound (GBP) OTC markets with us.

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Details: https://t.co/zu0M4P4Isc

•UK & Thai customers unique pic.twitter.com/wjvq6ZSIUY

— OKEx (@OKEx) 23 January 2019

Commenting on the brand new currencies, Andy Cheung, OKEx’s Head of Operations mentioned: “Our mission is easy at OKEx. We intention to supply flexibility and comfort to our merchants. Thailand and the UK personal the quickest rising crypto communities on the earth. We see nice potential in these two markets and need to help the wants there.”

“Because of the rising buying and selling quantity and variety of merchants in these two international locations, we determined to launch the brand new THB and GBP buying and selling providers on our OTC buying and selling platform. Wherever the market potential locates, we are going to increase to there. In 2019, you possibly can count on extra currencies might be supported on OKEx.”

OKEx expands perpetual swap merchandise

The information comes just a few weeks after OKEx revealed that it had added seven new buying and selling merchandise to its cryptocurrency spinoff product, a no-expiry Bitcoin spinoff generally known as a “perpetual swap.”

Now, along with BTC, customers can commerce perpetual swaps contracts for Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), ETH, LTC, and Ripple (XRP). However, these contracts will solely help 40x leverage, as Finance Magnates reported.

 

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David

David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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