2020-8-31 13:13 |
OKEx, the world’s largest crypto derivatives and spot exchange, has been quite invested in the DeFi sector recently. The exchange then decided to delve deeper into this area of the crypto industry, and to offer more of DeFi to its users by launching a number of new promising DeFi tokens.
8 new DeFi coins arrive at OKExAccording to OKEx’s recent announcement, the exchange has just listed up to 8 different DeFi projects’ tokens in a single day. The goal is to reinforce its commitment to the DeFi economy, which continues to develop strongly in 2020.
The newly-listed coins include Band Protocol (BAND), Nexus Mutual (wNXM), Yearn.finance (YFI), REN (REN) JUST (JST), Reserve Rights (RSR), Tellor (TRB), and YFII.finance (YFII).
The selection of coins is rather wide, and it covers many different innovative projects, including oracles, stablecoins, liquidity providers, insurance projects’ tokens, and more.
A few days ago, on August 28, OKEx listed the 8 mentioned tokens at around 4:00 am UTC. Soon, the exchange started allowing spot trading pairs for mentioned tokens paired against Tether (USDT). This happened at 7:00 am UTC, on August 28th, with BTC and ETH trading pairs arriving only one hour later. As for withdrawals, they came a bit later, becoming available today, August 31st, at 7:00 am UTC.
OKEx’s support for DeFi sector will continueAs mentioned, the list of DeFi tokens on OKEx has been growing rather quickly recently, and the new listing further expands what the derivatives exchange has to offer. Meanwhile, with the growing interest in DeFi that 2020 has brought, it is a small surprise that OKEx wants to establish itself as a go-to platform for DeFi cryptos.
At the time of writing, OKEx already has 27 DeFi tokens listed. Its CEO; Jay Hao, commented on the new development by saying that the exchange has been observing the DeFi market dynamics, and is trying its best to collaborate with high-quality innovative projects that show potential.
He added that OKEx is still far from ending its support for the DeFi sector, which likely indicates that more projects will be listed in the future.
The post OKEx expands its DeFi economy by listing 8 new tokens appeared first on Invezz.
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