Crypto Exchange OKEx Joins Internet Giant Kakao’s Blockchain Project

Must Read

Bitcoin Eyeing $11800 After Intense Drop

As we saw earlier today, Bitcoin started by declining from $11349 to $11176, roughly 1.76%.

USDT Is A Game Changer For Online Poker

CoinPoker - the flagman of the industry, the biggest and the oldest pure crypto poker...

Can XRP defend its price?

Could XRP defend its price action, and rise back to $0.30? Here is my view on how...
- Advertisement -BTCClicks.com Banner
Earn Free Bitcoin

OKEx announced that it is joining Klaytn, a global public blockchain platform developed by Kakao subsidiary Ground X.

On Oct. 25, OKEx wrote in a press release that blockchain project Klaytn will be onboarding the crypto exchange into their ecosystem aiming to expand blockchain adoption.

OKEx is joining a number of industry giants such as Samsung Blockchain, IDG Capital, and Shinhan Bank. The exchange called this partnership an opportunity to build a stable blockchain ecosystem and connect to different networks and portfolios in the blockchain industry. Andy Cheung, Head of Operations of OKEx, commented on the partnership:

“Exchanges and projects itself should work together to define and adopt standards that will promote digital asset adoption globally.”

Recently, cryptocurrency exchange Binance joined Klaytn’s governance council. Binance, together with another 24 member companies such as LG Electronics, Unionbank of the Philippines and Celltrion, will make key decisions for Klaytn’s business and technical developments.

OKEx announces 14 new partnerships

Following the news of OKEx joining Klaytn, the exchange reported in a press release that it had established another 14 partnerships with service providers to promote the adoption of its utility token OKB. Cheung said:

“The 14 new partnerships is a shot in the arm for OKB. Together with our community, we will continue to explore the possibility of OKB. By offering a wider array of applications, OKB holders will be able to enjoy the fruit of blockchain technology and the appreciating value of our token.”

Accusations of wash trading 

In September, OKEx refuted allegations of manipulative practices such as wash trading on its platform. The exchange said that the allegations made in a recent report from the Blockchain Transparency Institute (BTI) were “not accurate and misleading.”

- Advertisement -
- Advertisement -

Latest News

Wyoming Amends Insurance Code to Allow Insurance Companies to Invest in Bitcoin & other Cryptos

In the first provision of its kind, Wyoming is allowing the domestic insurers to invest...
- Advertisement -Earn Free Bitcoin

DeepTradeBot: The innovation of large companies at your service

DeepTradeBot is a collection of automated trading tools developed by Deep Neuro Networks LTD, a London, England-based company dedicated to artificial intelligence and...

Flyp.me Instant Crypto Exchange Now Supports REN Token Trading

Decentralized finance is leading the way of the cryptocurrency industry, with the REN Protocol at the front. REN Protocol is...

BLOCKCHAIN OVERCOMES POSSIBILITY OF FRAUD, LACK OF TRANSPARENCY AND TRUST IN THE GAMBLING INDUSTRY

DATE: 07/08/2020 In a recent study carried out by the UK Gambling Commission reveals that the gambling industry has...

The Kuailian Ecosystem, Bringing Blockchain Technology To The World

10 years have passed since the birth of Bitcoin and the first use of Blockchain, a technology that has not stopped evolving,...