Bybit, Binance and OKX Volume Triples Since Late 2023
Bybit data indicates that centralized exchanges (CEXs) growth has not surpassed decentralized exchanges (DEXs), with Uniswap v3’s volumes rising by 320%. Since late last year, trading volumes on global centralized cryptocurrency exchanges (CEXs) such as Binance have increased substantially, according to a new report. From October 2023 to March 2024, numerous CEXs at least tripled […]
OKX Exchange Launches Ethereum Layer-2 Network
OKX cryptocurrency exchange has launched an in-house Ethereum layer-2 network to offer reduced transaction fees and seamless functionality. On April 15, OKX introduced the public mainnet of X Layer, its network powered by zero-knowledge proof technology. Constructed utilizing Polygon’s chain development kit (CDK), the network leverages the Aggregation Layer of the Ethereum scaling protocol to […]
OKX Adds Support For WIF, MEW Spot Trading
OKX exchange lists prominent Solana-based memecoins, including Dogwifhat (WIF) and Cat in a Dog’s World (MEW). The exchange’s announcement on X states that spot trading for WIF and MEW has commenced officially on OKX. OKX customers can now begin trading memecoins against the Tether stablecoin by depositing WIF and MEW tokens onto the exchange. The […]
OKX Announces Listing of Zeus Network Token ZEUS
OKX will offer the ZEUS token of the Zeus Network for spot trading, facilitating exchanges between ZEUS and USDT. Combining Bitcoin’s security with Solana’s scalability, the integration hopes to expand the potential for safe financial services and decentralized applications (dApps). In a seed fundraising round headed by Mechanism Capital, the Zeus Network, which uses the […]
OKX Realigns US Compliance Team as Top Priority
The offshore exchange OKX has elevated its U.S. compliance staff to the highest echelon of the company. A strategic change brought about by growing regulatory monitoring of Bitcoin exchanges for their anti-money laundering policies is that the department now commands priority over all other divisions. The restructuring of OKX is in line with a larger […]