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OKX becomes Training Kit Partner of Premier League Champions Manchester City

  • The new agreement will see OKX become Official Training Kit partner for the 2022/23 season.
  • To celebrate the announcement, OKX has commissioned renowned street artist Akse P19 and Global Street Art Agency to create artworks featuring Manchester City players Haaland, Grealish, Cancelo and Stones, across four locations in Manchester.
  • Last week, OKX were also announced as presenting partner of Man City's Trophy Tour 2022, as it returns for the first time since 2019.

MANCHESTER, United Kingdom, July 10, 2022 (GLOBE NEWSWIRE) — OKX, one of the world's leading cryptocurrency platforms, today announced that it will be the Official Training Kit Partner of Manchester City for the 2022/2023 season.

The agreement will see OKX featured across the training kit of the Manchester City men's and women's first teams. The men's first team will debut the training kit when returning for their first pre–season training session today, with the women's team wearing the kit on their return to training next month. OKX was announced as Manchester City's Official Cryptocurrency Exchange Partner in March.

Haider Rafique, Global Chief Marketing Officer, OKX, said: “The real grit and perseverance is built on the training ground. This is the way we want to nurture new users on our platform. Being Man City's Official Training Kit Partner helps us extend that mindset from the training ground over to our trading app community. We want our community to learn from that mindset and use our demo trading feature to train for the real exchange just like Man City players train before the beginning of the season. Our partnership with Man City has provided a great platform through which we have the opportunity to educate those curious about crypto and offer those already involved the training they need to participate responsibly.”

OKX's training kit partnership with Manchester City is based on shared values. Just as Man City emphasises training innovatively to achieve excellence, OKX's mission is to educate and inform customers in order to make them responsible long–term traders. It is this shared focus on being at the cutting edge of the industry that will lead to a new era of disruptive fan engagement and web3–based experiences.

Roel de Vries, Group Chief Operating Officer, City Football Group, said, "We are pleased to expand our relationship with OKX today, as they become the Official Training Kit Partner of Manchester City. OKX and Man City are aligned on values such as innovation and success and for both parties, everything starts with training and education. Since the initial partnership began in March 2022, we have worked together to "supercharge the fan experience' through a number of exciting content activations ahead of high profile fixtures during the culmination of the 2021/22 season and we look forward to continuing to develop these opportunities over the coming year."

In line with the training kit announcement, OKX has commissioned renowned street artist Akse P19 and Global Street Art Agency to create artworks featuring Erling Haaland, Jack Grealish, Joo Cancelo and John Stones across four locations in Manchester. The murals will be fitted out with QR codes that fans can scan for a chance to win their very own season ticket in the OKX Hospitality Box.

OKX is also the presenting partner of Manchester City's first global Trophy Tour since 2019 following the club's fourth title win in five years. The tour will see Manchester City and OKX take the Premier League trophy to the doorsteps of fans in markets including France, Spain, the UAE, Korea, and, for the first time ever, Mexico, Norway and South Africa.

OKX's future ambitions with Manchester City include continuing to supercharge the fan experience, providing key learning initiatives and resources to help customers trade responsibly, and delivering programs to empower and enrich the Manchester community.

For further information, please contact:
Media@okx.com

About OKX
OKX is a leading crypto trading app, and a Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to trade responsibly. Beyond the OKX trading app, the OKX Wallet is our latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

About Manchester City Football Club:
Manchester City FC is an English Premier League club initially founded in 1880 as St Mark's West Gorton. It officially became Manchester City FC in 1894 and has since then gone onto win the European Cup Winners' Cup, eight League Championship titles, including six Premier League titles (2012, 2014, 2018, 2019, 2021, 2022), and six FA Cups. Manchester City FC is one of 12 clubs comprising the City Football Group and counts New York City FC and Melbourne City FC among its sister clubs.

Under manager Pep Guardiola, one of the most highly–decorated managers in world football, the Club plays its domestic and UEFA Champions League home fixtures at the Etihad Stadium, a spectacular 55,000 seat arena that City have called home since 2003. Today, the Stadium sits on the wider Etihad Campus, which also encompasses the City Football Academy, a state–of–the–art performance training and youth development facility located in the heart of East Manchester. Featuring a 7,000 capacity Academy Stadium, the City Football Academy is also where Manchester City Women's Football Club and the Elite Development Squad train on a daily basis and play their competitive home games.

For more information, please visit www.mancity.com


OKX launches Block Trading as latest innovation for institutional and pro crypto traders

  • Block Trading is OKX's latest innovation designed to allow institutional and professional traders to transact in bulk, without the risk of price slippage
  • OKX offers the only block trading platform for crypto that integrates spot and derivatives trading while supporting futures, options, and perpetual swap trading

VICTORIA, Seychelles, June 30, 2022 (GLOBE NEWSWIRE) — OKX, the world–leading cryptocurrency platform, today launched Block Trading, which allows professional and institutional users to execute large, privately negotiated transactions off the order books.

OKX is the only crypto exchange to provide a block trading platform that allows investors to execute crypto spot, futures, options, and perpetual swap trades, as well as multi–leg combination trades, over the counter. When executing multi–leg trading strategies on the platform, traders benefit from competitive pricing and ease of use, including single–click atomic trade execution. Since trades are executed over the counter, traders avoid the risk of price slippage "" the divergence of quoted sell price and actual sell price.

The OKX Block Trading platform is distinctive in that it allows users to integrate spot and derivatives trades on a single platform and trade multiple currencies in a single trade. It is also unique for its support of trading of perpetual swap, futures, and option contracts with popular altcoins, such as Solana (SOL), as the underlying. The platform allows for multi–leg combination trades, including future spreads, straddles and carry trades, among others.

Lennix Lai, Financial Markets Director, OKX, said, "As the crypto market matures and more professional and institutional investors enter it, OKX is introducing Block Trading to ensure these users have the tools they need to invest well. Block Trading on OKX allows investors to not only make large trades at more favorable prices, but to do so without the risk of their trading causing price slippage."

To execute a block trade on OKX, traders first submit a request–for–quote (RFQ) that broadcasts their request to selected counterparties, who then offer a quote in response. If the trader accepts the quote, the trade is then executed off the order books via OKX's trading engine. Investors can discover more about how OKX Block Trading works on OKX Learn.

Clment Florentina, CEO, Darley Technologies, said, “OKX has always been one of the most user–friendly exchanges for institutional traders like ourselves, with features like portfolio margin providing greater capital efficiency. Block Trading on OKX opens up additional opportunities for us to quote sophisticated, multi–instrument strategies, without the counterparty having to worry about slippage or execution." Darley Technologies is a high–frequency trading firm that delivers market making and liquidity provision on a range of prominent exchanges.

Going forward, Block Trading on OKX will be expanded to offer bespoke strategies, further OTC products and integrations with Dei derivatives protocols.

OKX is the world's most powerful crypto exchange for institutional traders, ranking second globally in derivatives trading volume. The platform was also the first to introduce portfolio margin mode for multi–currency margining with risk offsetting functionality, and offers 500+ spot pairs and 250+ linear and inverse perpetual swaps and futures contracts.

Find out more about OKX Block Trading here.

For further information, please contact:
Media@okx.com

About OKX
OKX is a world–leading crypto trading app and Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for investors and professional traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to invest and trade responsibly. Beyond the OKX trading app, our Web3 portal, known as OKX Wallet, is our latest offering for people looking to explore the world of DeFi, NFTs and the metaverse.

To learn more about OKX, download our app or visit: okx.com


GLOBENEWSWIRE (Distribution ID 8581815)

OKX launches Block Trading as latest innovation for institutional and pro crypto traders

  • Block Trading is OKX's latest innovation designed to allow institutional and professional traders to transact in bulk, without the risk of price slippage
  • OKX offers the only block trading platform for crypto that integrates spot and derivatives trading while supporting futures, options, and perpetual swap trading

VICTORIA, Seychelles, June 30, 2022 (GLOBE NEWSWIRE) — OKX, the world–leading cryptocurrency platform, today launched Block Trading, which allows professional and institutional users to execute large, privately negotiated transactions off the order books.

OKX is the only crypto exchange to provide a block trading platform that allows investors to execute crypto spot, futures, options, and perpetual swap trades, as well as multi–leg combination trades, over the counter. When executing multi–leg trading strategies on the platform, traders benefit from competitive pricing and ease of use, including single–click atomic trade execution. Since trades are executed over the counter, traders avoid the risk of price slippage "" the divergence of quoted sell price and actual sell price.

The OKX Block Trading platform is distinctive in that it allows users to integrate spot and derivatives trades on a single platform and trade multiple currencies in a single trade. It is also unique for its support of trading of perpetual swap, futures, and option contracts with popular altcoins, such as Solana (SOL), as the underlying. The platform allows for multi–leg combination trades, including future spreads, straddles and carry trades, among others.

Lennix Lai, Financial Markets Director, OKX, said, "As the crypto market matures and more professional and institutional investors enter it, OKX is introducing Block Trading to ensure these users have the tools they need to invest well. Block Trading on OKX allows investors to not only make large trades at more favorable prices, but to do so without the risk of their trading causing price slippage."

To execute a block trade on OKX, traders first submit a request–for–quote (RFQ) that broadcasts their request to selected counterparties, who then offer a quote in response. If the trader accepts the quote, the trade is then executed off the order books via OKX's trading engine. Investors can discover more about how OKX Block Trading works on OKX Learn.

Clment Florentina, CEO, Darley Technologies, said, “OKX has always been one of the most user–friendly exchanges for institutional traders like ourselves, with features like portfolio margin providing greater capital efficiency. Block Trading on OKX opens up additional opportunities for us to quote sophisticated, multi–instrument strategies, without the counterparty having to worry about slippage or execution." Darley Technologies is a high–frequency trading firm that delivers market making and liquidity provision on a range of prominent exchanges.

Going forward, Block Trading on OKX will be expanded to offer bespoke strategies, further OTC products and integrations with Dei derivatives protocols.

OKX is the world's most powerful crypto exchange for institutional traders, ranking second globally in derivatives trading volume. The platform was also the first to introduce portfolio margin mode for multi–currency margining with risk offsetting functionality, and offers 500+ spot pairs and 250+ linear and inverse perpetual swaps and futures contracts.

Find out more about OKX Block Trading here.

For further information, please contact:
Media@okx.com

About OKX
OKX is a world–leading crypto trading app and Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for investors and professional traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to invest and trade responsibly. Beyond the OKX trading app, our Web3 portal, known as OKX Wallet, is our latest offering for people looking to explore the world of DeFi, NFTs and the metaverse.

To learn more about OKX, download our app or visit: okx.com


GLOBENEWSWIRE (Distribution ID 8581815)

Following 3AC insolvency crisis, OKX launches Custody Trading Sub-Account to “solve trust issue”

  • OKX's newest account mode delivers the investor control, transparency, and risk management that is needed to minimize institutional investor losses in a volatile market environment.
  • The Custody Trading Sub–Account offering involves OKX stepping in to make sure an investor's assigned money manager is fulfilling their fiduciary duties.

VICTORIA, Seychelles, June 21, 2022 (GLOBE NEWSWIRE) — OKX, the world–leading cryptocurrency platform, today announced the launch of its Custody Trading Sub–Account product for customers looking to benefit from trading team strategies and institutional and high–net–worth investors.

Custody Trading Sub–Account involves OKX acting as a trusted third party between the investor and their money manager or trading team. The product mitigates the risks investors face by granting them greater control over their investments and delivering multi–layered risk management. It also provides greater transparency by enabling investors to monitor leverage and margin usage in real–time and access and share OKX–verified trading records.

Haider Rafique, Global Chief Marketing Officer, OKX, said: "The recent conspicuous near–insolvencies have taught us that many investors who entrust their funds to market makers or hedge funds don't have control, or even visibility, over how their money manager is trading. These firms provide questionable risk management and transparency and, in some cases, this has even allegedly led to investor funds being used to answer margin calls. We are launching OKX Custody Trading Sub–Account to provide much–needed control and transparency and help everyone in the industry."

When it comes to control, investors are able to configure a range of account trading access rights, while third parties and trading teams are not permitted to move investor funds directly. Comprehensive risk management protocols additionally prevent assets from being collateralized twice and enable investors to access features such as warning level, trade–freeze level, and kill switch. Finally, smart contract auditing from OKX means that due diligence is undertaken by a trusted third party.

Lennix Lai, Financial Markets Director, OKX, said: "After lessons were learned during the recent debacle involving some mismanaged firms, we believe it's fundamentally important that the crypto industry has an independent, trusted third party to play the role of custodian for these types of investments. This custodian would provide both clearing and appropriate risk management. We need to find a way to segregate clients' tokens from managers' in–house wallets while making sure the managers fulfil their fiduciary duties to both their clients and the relevant communities. We also need to ensure that there is transparency for investors and communities as far as how their funds are being staked, traded, or utilized as collateral."

OKX Custody Trading Sub–Account allows the money manager or trading team to access a broad range of products in both the CeFi and DeFi spaces in order to fulfil their obligations to investors. During the custody period, the trading team is also equipped to protect their proprietary strategic trading and position information.

With this launch, OKX builds on the risk management record that saw it protect more than 500 million UST in user funds prior to May's LUNA/UST crash. OKX will continue to incorporate comprehensive risk management strategies to ensure users can invest both safely and responsibly.

Find out more about the OKX Custody Trading Sub–Account here.

For further information, please contact:

Jack.sutherland@okx.com

About OKX

OKX is a leading crypto trading app, and a Web3 ecosystem. Trusted by more than 20 million global customers in over 180 international markets, OKX is known for being the fastest and most reliable crypto trading app of choice for investors and professional traders globally.

Since 2017, OKX has served a global community of people who share a common interest in participating in a new financial system that is designed to be a level playing field for everyone. We strive to educate people on the potential of crypto markets and how to invest and trade responsibly. Beyond the OKX trading app, OKX Wallet is our latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com


GLOBENEWSWIRE (Distribution ID 8576049)

Manchester City Announces Official Cryptocurrency Exchange Partner OKX

  • Manchester City and OKX have today announced a new multi–year partnership
  • The partnership will span Manchester City men's and women's teams, in addition to the Club's esports operations

VICTORIA, Seychelles, March 04, 2022 (GLOBE NEWSWIRE) — Premier League champions Manchester City have today announced a global partnership with the world's second largest crypto exchange, OKX, naming it the Club's Official Cryptocurrency Exchange Partner.

OKX's first venture into the world of sport and entertainment, the partnership will span Manchester City men's and women's teams, in addition to the Club's esports operations.

OKX's fast, secure and innovative cryptocurrency exchange is trusted by more than 20 million people in more than 180 markets as a place to explore the power of crypto.

OKX and Man City believe in inspiring continued innovation, talent development and technology advancements "" a key partnership alignment between both organisations.

The new partners will collaborate on a number of exclusive experiences for OKX's global customer base, in addition to an in–stadium presence across the Etihad Stadium and Academy Stadium. The new partners will also look to explore future innovation projects together.

Roel De Vries, Chief Operating Officer, City Football Group, said: "We are pleased to welcome OKX as an Official Partner of Manchester City today as they look to venture into the world of sports. The new partnership aligns our shared values of innovation, drive for success and being at the cutting edge of our respective industries. Their broad and inclusive approach to targeting diverse audiences resonates with our approach. We look forward to working together throughout the partnership."

"We are delighted to partner with Manchester City, one of the world's best–loved and most successful teams. Football and crypto share something important; they are for everyone, they create inclusivity within society. For OKX, Manchester City is a Club that represents the effect football has to make a positive difference in people's lives, to bring people together around a shared love of the beautiful game. We are entering the Premier League for the first time as City's official crypto partner to celebrate this community spirit in the world of football because it's something we both share," said Jay Hao, CEO of OKX.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/99b1c268–b437–430e–a504–cf4d276df83a
https://www.globenewswire.com/NewsRoom/AttachmentNg/d63580c8–9c47–4baa–a5ea–93d724c69409
https://www.globenewswire.com/NewsRoom/AttachmentNg/2c7534e4–7252–4896–bc5a–f94f1ec6f423


GLOBENEWSWIRE (Distribution ID 8496966)

OKX overtakes global crypto exchanges as 2nd largest, rebrands as cross-platform services provider

VICTORIA, Seychelles, Jan. 18, 2022 (GLOBE NEWSWIRE) — OKX, which recently became the second largest cryptocurrency exchange in the world by spot trading volume, today announced a company–wide rebrand that reflects the dynamism and accelerating adoption of cryptocurrency. Founded in 2017 as a cryptocurrency trading service, OKX has since amassed over 20 million users and expanded its suite of digital asset investing products to include OKX Earn, a tool for earning passive crypto income; an NFT marketplace and decentralized application discovery hub; and most recently, MetaX, OKX's new decentralized mode that features a cross–chain dashboard and self–custody Web 3.0 wallet for storing digital assets, including NFTs.

This shift, as highlighted by the company's name change from OKEx to OKX, reflects the platform's growing number of wealth creation opportunities beyond the exchange, which investors use to trade hundreds of digital assets on spot, margin and derivatives markets.

As part of the move, OKX has declared its mission to be "to remove barriers to wealth creation by giving you access to everything our decentralized future holds." This underscores the platform's ongoing evolution towards decentralization, which includes giving investors the option to self–custody their digital assets. Distinct from other centralized cryptocurrency exchanges, OKX is committed to gradually decreasing the company's level of involvement in user activity, with the ultimate goal of shedding intermediation entirely.

"OKX is moving beyond the standard centralized exchange model to give our customers an end–to–end cryptocurrency experience," said Jay Hao, CEO of OKX. "Most importantly, we're doing this while upholding the core principles of crypto "" decentralization and autonomy. Our goal is to give customers the tools they need to easily and securely earn, transfer, and spend their wealth as they see fit, without intermediation from us. We've dropped the "E' from our name because we're so much more than an exchange, just like crypto is so much more than a speculative asset."

OKX, which lists over 250 digital assets and has long held the #1 rank for cryptocurrency futures trading volumes, recently became the second largest cryptocurrency spot trading platform in the world. In 2021, total trading volume on the platform, including spot and derivatives instruments, grew over 700%, while the number of trades executed on the platform increased over 480%. Staking, savings and DeFi offerings via OKX Earn saw over $5.1 billion deposited by users, and paid out over $314 million in passive income this past year.

To learn more, please visit OKX.com and follow @OKX on Twitter.

About OKX

Founded in 2017, OKX is a world leading cryptocurrency exchange and ecosystem. OKX has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million people in 180 regions across the globe, OKX's mission is to remove barriers to wealth creation by offering access to everything the decentralized future holds. With its unwavering commitment to innovation, OKX envisions a world of financial inclusion for all through the power of crypto and decentralized finance.

Contact us

Email: media@okx.com
Olivia Capozzalo:
olivia.capozzalo@okx.com
@oliviacap (Telegram)


GLOBENEWSWIRE (Distribution ID 8428109)

OKEx reveals over 300% growth in trading volumes this year

VICTORIA, Seychelles, Nov. 17, 2021 (GLOBE NEWSWIRE) — OKEx "" a top cryptocurrency exchange and DeFi ecosystem "" today reported 308% growth in total trading volumes over the past year. OKEx's total trading volume of all listed assets grew from $1.8 trillion in October 2020 to $7.4 trillion as of October 2021.

Breaking down this massive growth, perpetual swap products on OKEx saw the highest increase, with trading volume growing by 455% year–over–year. Cryptocurrency spot and futures products also saw impressive growth in terms of trading volumes "" up 365% and 209%, respectively.

In October 2021, BTC, DOGE, SHIB, OKB, ETH and SOL were among the top–10 assets with the highest trading volumes on OKEx spot markets. Total spot trading volumes for the 10 assets combined reached a monthly high of over $6.5 billion, which reflects increasing industry–level interest in dog–themed memecoins, as well as decentralized finance.

OKEx's notable growth in trading volumes is accompanied by the firm's market–leading push into the DeFi, GameFi and nonfungible token (NFT) spaces. This fall, OKEx launched a DeFi mode on both its website and mobile app, featuring a bespoke Web 3.0 wallet, as well as an NFT Marketplace and play–to–earn crypto gaming center. The platform also recently launched an advanced trading feature, portfolio margin, specifically designed to improve capital efficiency for professional and institutional traders.

"We are extremely pleased to witness this positive growth trajectory over the past year," said OKEx CEO Jay Hao, adding:

"This would not have been possible without the support from our valued customers "" the trusted OKEx family. In the past year, we upheld our commitment to better serve our customers with the launch of various offerings, including the new DeFi mode on OKEx, which includes a self–custodial, decentralized wallet, as well as an NFT Marketplace and blockchain game center.

To cater to institutional and professional traders, a CME–like portfolio margin system was introduced as part of our efforts to build the world's most powerful trading platform for crypto traders. As we celebrate our fourth anniversary, we look forward to expanding our offerings and further growing our family in the global markets."


GLOBENEWSWIRE (Distribution ID 8396229)

OKEx launches CME-like portfolio margin system for the crypto industry

VICTORIA, Seychelles, Nov. 01, 2021 (GLOBE NEWSWIRE) — OKEx has announced the launch of a new advanced trading mode for professional and institutional traders "" portfolio margin "" as part of its efforts to build the world's most powerful trading platform for crypto traders. The new trading mode is available on the platform's web and API versions for high–volume traders as of today, Nov. 1.

Portfolio margin on OKEx is designed for high–volume professional traders, including market makers and institutions, looking to substantially reduce their capital requirements. The mode offers traders "" and especially market makers for cryptocurrency futures and options "" significantly reduced margin calculation. Notably, OKEx sees this new feature as a way to address the current problem of fragmented liquidity across crypto options markets.

A risk management system similar to portfolio margin "" standardized portfolio analysis of risk, or SPAN "" was first pioneered for traditional finance participants by the world's largest derivatives exchange, CME Group. With the release of the new portfolio margin mode on OKEx, the platform is leading the way in the cryptocurrency industry by introducing this powerful tool for capital efficiency enhancement and risk management.

OKEx's version of this trading mode stands out from competitors by allowing for multiple–currency portfolio margining "" meaning that a trader can open derivatives positions with significantly reduced margin requirements across multiple currencies at the same time.

With its new portfolio margin mode, alongside industry leading liquidity, OKEx is showing its commitment to providing the most advanced tools and best possible trading experience for its customers.

About OKEx

Founded in 2017, OKEx is one of the world's leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, including our recently launched DeFi ecosystem and NFT Marketplace.

Trusted by more than 20 million users in over 180 regions across the globe, its mission is to empower every individual through the promotion and advancement of cryptocurrencies globally.

Andrea Leung
andrea.leung@okex.com


GLOBENEWSWIRE (Distribution ID 8383999)

OKEx accelerates NFT adoption with DeFi Hub, NFT Marketplace

VICTORIA, Seychelles, Sept. 02, 2021 (GLOBE NEWSWIRE) — OKEx (www.okex.com), a leading global cryptocurrency spot and derivatives exchange, today announced the launch of a decentralized digital asset ecosystem, DeFi Hub. The platform currently features two core products: NFT Marketplace and DeFi Dashboard.

The NFT Marketplace is an end–to–end NFT platform built to empower creators and inspire collectors. Via the platform, anyone can buy, sell and trade NFTs directly, with zero fees paid out to OKEx. What makes NFT Marketplace even more unique is that anyone can use the platform to mint their own NFTs of any kind, using the OEC or Ethereum blockchains.

Newly minted NFTs will be available for sale on NFT Marketplace and creators are given the flexibility to set their own royalty fees. Signalling OKEx's commitment to protecting the interests of creators, royalty fees for creators are then paid out to them in every subsequent transaction on NFT Marketplace's secondary market. The NFT Marketplace also lets users import NFTs that have been generated on other supported platforms.

DeFi Hub also offers a way to view and manage decentralized assets across major blockchain networks and DeFi protocols. The DeFi Dashboard displays both a full portfolio view, as well as a separate view for digital collectibles.

“The NFT market is growing rapidly in popularity, creating a need for a comprehensive system for managing NFTs,” said OKEx Director Lennix Lai in a statement. He continued:

“With DeFi Hub, we've created an NFT Marketplace that will accelerate NFT adoption by making it easier than ever for anyone to create, exchange, and sell NFTs. We're also thrilled to launch DeFi Dashboard to bring much–needed improvements to users' visualizations of their cryptocurrency portfolios.”

About OKEx

Founded in 2017, OKEx is one of the world's leading cryptocurrency spot and derivatives exchanges. OKEx has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. With its extensive range of crypto products and services, its unwavering commitment to innovation, and its local operations to serve its users better, OKEx strives to eliminate financial barriers and realize a world of financial inclusion for all.


GLOBENEWSWIRE (Distribution ID 8319437)