When Will the OKEX Incident End (OKEX Response)
When will the OKEX incident end? According to official news from OKEX, as of aro
When will the OKEX incident end? According to official news from OKEX, as of around 1 am on September 6th, the OKEX incident of December 2018 has already ended.
It is reported that according to current statistics, the total trading volume on the OKEX platform reached 1 billion US dollars in 2017, involving an amount of over 2 billion yuan. The total trading volume for the whole year of 2020 was 437 million US dollars, accounting for approximately 20% of the total cryptocurrency volume. As of the end of 2019, the price of Bitcoin hovered around 10,000 US dollars, while the price of Ethereum fluctuated between 7,000 and 8,000 US dollars, with an overall market value of less than 10%.
OKEX Response
According to cooperating media IMEOS, today it was reported that OKEX will launch a new trading system and release an announcement: “Please do not withdraw funds before withdrawing coins.” In response to queries from netizens, the platform stated, “If there are no assets available for investment, I will not provide any margin or fund security protection.” According to previous reports, OKEX launched a new product called “One-Click Buy” which supports leverages from 1 to 100. Additionally, this feature supports automatic compounding, automatic borrowing of unrealized profits, and rebalancing, and there are no liquidation rules. In the future, users will be able to set their own stop-loss conditions through contracts.
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