Okex

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike

<div class=”featured_image_container”> </div> <strong>Bitcoin derivatives markets have been seeing significant demand in recent months at the same time bitcoin spot markets climbed to all-time price highs and surged 149% during the last three months. Just recently the leading bitcoin options exchange Deribit announced the launch of both $120k and $140k strikes, and data from skew.com …

Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike Read More »

Bitcoin Options Daily Volume Crosses $1 Billion, $100K Strike Introduced for 2021

<div class=”featured_image_container”> </div> <strong>Cryptocurrency derivatives markets have been seeing significant demand, as daily volumes for bitcoin options crossed $1 billion on December 17, 2020. Most of the record turnover has been taking place on the derivatives platform Deribit, and a large $100k strike has been introduced on the exchange for September 2021. </strong> While bitcoin …

Bitcoin Options Daily Volume Crosses $1 Billion, $100K Strike Introduced for 2021 Read More »

Bitcoin Whales Buy High, Sell Low; Retail Investors Chase Rallies: Data

Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November. During that bitcoin run-up, institutions and whales were able to buy dips and oftentimes sell when prices went up. …

Bitcoin Whales Buy High, Sell Low; Retail Investors Chase Rallies: Data Read More »

Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened

<div class=”featured_image_container”> </div> <strong>Just recently, after the exchange paused cryptocurrency withdrawals, the trading platform Okex finally enabled digital currency withdrawals last Wednesday. Since then, the exchange seems to be experiencing an exodus of funds leaving, as onchain data shows Okex’s crypto-asset reserves like bitcoin, ethereum and tether have depleted considerably during the last ten days.</strong> …

Trading Exchange Okex’s Crypto Reserves Nosedived After Withdrawals Opened Read More »

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue

Jay Hao, CEO of Malta-based cryptocurrency exchange OKEx, said his firm has taken steps to ensure the issue that caused a freeze of over five weeks in cryptocurrency withdrawals cannot reoccur. In an ask-me-anything (AMA) session, a transcript of which was published on Wednesday, Hao said the incident led the exchange “to make several improvements …

OKEx CEO Says Exchange Updating Procedures to Prevent Repeat of Withdrawal Freeze Issue Read More »

CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market

End of Western Union Remittance Service to Cuba a Boon for Crypto As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October … read more. …

CME Group Outpaces Competition Becoming the World’s Largest Bitcoin Futures Market Read More »

Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume

 After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx  resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for holding out during the disruption.  These programs include commission rebate cards denominated in …

Bitcoin exodus: OKEx users move crypto off exchange as withdrawals resume Read More »

OKEx Resumes Withdrawals 5 Weeks After Freeze

Malta-based cryptocurrency exchange OKEx has reopened withdrawals five weeks after an abrupt suspension. In a short blog post on Thursday, the exchange announced that it was lifting the freeze at 08:00 UTC and pointed users to a compensation and loyalty program in an attempt to appease disgruntled users. As reported by CoinDesk on Wednesday, OKEx …

OKEx Resumes Withdrawals 5 Weeks After Freeze Read More »

OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs

OKEx, likely trying to forestall a mass exodus of funds when its five-weeks-long freeze on withdrawals lifts this week, on Tuesday said it will offer a mix of compensation and rewards to users who’ve suffered from the suspension. Meanwhile, a spokesperson from the Malta-based crypto exchange has confirmed with CoinDesk that the date to resume …

OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs Read More »

OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts

Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service on its platform. However, while some tie the two together, many market observers do not see a reason to associate the latest price rally with OKEx’s issues. Bitcoin’s latest rally came after OKEx’s suspension …

OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts Read More »