In an effort to provide better service for its clients, OKEx has launched a P2P digital trading platform, with support for multiple digital asset and fiat currencies including CNY. OKEx will become a global exchange to provide Bitcoin Cash, Ethereum (ETH) and Ethereum Classic (ETC) futures for clients.
In order to reduce the counterparty risk, OKEx’s P2P digital trading platform is introducing a feature called Market Maker model. When the buyer or seller places an order, the market maker is intended to step-in and become the counterparty of buyer or seller – with the consideration to their own net exposure, thereby diversifying the counterparty risk. All accredited market makers will go through a robust selection process by the OKEx team.
Lennix Lai, financial market director for OKEx, commented: “Centralized order-book exchange model is still the mainstream among crypto industry. However, the changing regulatory environment brings uncertainties to crypto market. Some of the countries have already ceased the exchange model. To better serve our clients across the globe, OKEx is evolving and will therefore launch a P2P digital trading platform. Cryptocurrency has become a popular commodity in recent years and attracts many investors’ interest. OKEx is the first in the world to support Bitcoin Cash, ETH and ETC futures which means we can satisfy investor’s need on arbitrage and hedging,”
Alongside this, OKEx will launch a new company logo and re-focus on its branding. The new logo consists of four circles to represent the company’s focus on connectivity, diversity, fortune and bright future.
Lai added: “The blockchain like logo enforces OKEx’s dedication to connect the old and the new within the financial sectors. We promise OKEx will never stop to innovate and will continue to improve our customer experience,”