OKEx just hit a record in crypto derivatives trading, knocking BitMEX off the top spot.
Turning Things Around
OKEx ended last year amid a deluge of criticism from angry traders. Not only was the Asian-turned-Malta-based exchange called out for market manipulation when it forced the early settlement of BCH futures, without warning, right before the fork, but it was also slammed for falsifying trading volume.
However, the leading digital asset exchange that tells traders “it’s OK to be daring” has put all that behind it — and its relentless efforts to beat BitMEX at its own game appear to be paying off.
According to a media release, the company just registered a record-breaking 24-hour trading volume on crypto derivatives. OKEx racked up more trades than BitMEX or any other futures exchange, “topping the industry globally” while trading $2.4 billion in one day.
Just in case you were wondering where the numbers came from, the company reinforces this was “according to the official data.”
Who Trades on OKEx?