Cryptocurrency exchange OKEx have just listed Compound’s COMP token for trade. COMP is the native token of Compound — a DeFi protocol that allows its users to earn interest on deposits or lend cryptocurrencies. Lending and borrowing on Compound are managed through a decentralized peer-to-peer blockchain-based protocol. After its 2017 launch, the platform grew to reach the top spot among all the DeFi services based on the total value of assets locked, according to DeFi Pulse. According to the same source, there are currently nearly $628 million currently locked in the ecosystem. As Cointelegraph recently reported, COMP has suffered heavy …
Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential. The latest to take the Bitcoin plunge is BlackRock Financial Management, which has “started to dabble a bit” in crypto investments, according to the investment giant’s chief investment officer Rick Rieder. In another positive, investment advisory The Motley Fool projected that Bitcoin could rise to $500,000 over the next 15 years. The firm announced its plans to buy $5 million worth of Bitcoin and has also advised its 10X real-money portfolio members to make the digital asset a part of their core holding. …
Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin Tether. The developments were announced in two official announcements, both published on March 21. In early March, blockchain protocol Tron (TRX) and Tether, issuer of stalwart stablecoins USDT and EURT, announced their partnership to issue a TRC-20-based USDT — a term that indicates adherence to a technical token standard supported by the Tron blockchain. The new token is designed to be interoperable with all Tron-based protocols and decentralized applications to improve liquidity in the ecosystem. In their respective …
Malta-based cryptocurrency exchange OKEx has began listing Tron (TRX) on its customer-to-customer (C2C) trading market, according to a press release shared with Cointelegraph on March 7. OKEx’s decentralized C2C trading platform enables users to trade digital assets directly with each other, much like a peer-to-peer (p2p) model. On the platform, users are able to place orders with self-selected exchange rates and payment methods including cryptocurrencies and fiat currencies such as British pounds, Chinese renminbi, Vietnamese dong, Russian rubles and Thai baht. Following the listing, the exchange will launch several promotional events for users trading TRX. In late February, OKEx started …
Cryptocurrency exchange OKEx has launched Bitcoin (BTC) futures contracts that are margined with the Tether (USDT) stablecoin. OKEx announced the new offering in a press release on Nov. 14. OKEx first announced its intention to launch USDT-settled futures trading with up to 100x leverage at the end of October. Now, after conducting a simulation that began on Nov. 5, the exchange listed the BTC/USDT offering on its trading platform. The exchange previously said that offering a stablecoin-based derivatives contract will make it simpler and more efficient for traders to navigate the market and calculate risk. OKEx CEO Jay Hao commented: …