When will OKEX resume (OKEX is done)

08/11/2023 21:43 • AI & Tech Insights • 108 views

When will OKEX resume? According to official announcements, OKEX will open its withdrawal service on February 18, 2021, at 11:00 (UTC+8) Hong Kong time. Platform coin trading and leverage trading will be restored on January 19, 2022, at 10:00 AM Beijing time.

It is reported that due to a system bug that resulted in frozen funds for some users, OKEX temporarily suspended all services and product usage. Please refer to the official website for the latest updates. (Please refrain from participating in such operations during market volatility)

Furthermore, considering the current situation where assets have suffered losses due to network issues, OKEX plans to reopen its withdrawal function after 2019, aiming to help investors quickly and effectively recover their risks.

OKEX is done

Editor’s note: This article is from Fengchao Finance News (ID: fengchao-caijing), written by Kyle, authorized and reposted by Odaily Star Daily.

OKEX is finally coming. Is this IEO as popular as the peak of last year’s bull market? According to media reports, OKEX has been gradually suspending withdrawals from November 1st to the 9th. Currently, the platform’s trading situation is good, and user assets are generally stable at around 1 million. (Image source from Weibo screenshot)

OKEx has launched multiple new contract exchanges, including Bittrex, Okbit, and Huobi, two of which have completed KYC and AML certifications. These two companies have established a new cryptocurrency exchange to enter the mainstream market for business expansion. In addition, there is also OkEX’s parent company, which is mainly responsible for providing custody solutions and services to cryptocurrency investors, helping customers obtain more secure and reliable services. According to the announcement, the team will gradually upgrade all products and services involved in operations to the latest version in the next few working days.

“We believe that these innovative products are good news for the industry’s development,” said a source close to OKEx. “OKEx is not ending yet, but if it can…”

According to OKEx’s official statement, “OKEx will not take any legal action against any project party. As a decentralized financial service platform, we always adhere to communication with our partners, work together to promote our vision, and achieve strategic goals globally.”

In addition, OKB holders can participate in platform governance and voting systems. “Please remember that I did not pre-mine OKT. My private key belongs to the users,” said an anonymous representative.

On the other hand, some other exchanges responded differently, stating that OKEX’s suspension of withdrawals was only for the purpose of airdropping tokens to some users. OKX explained, “The withdrawal process will take a long time, and there will be many delays, so it is not ruled out that it may take some time to resume withdrawals.” OKEx CEO Jay Hao said, “OKEx has been continuously optimizing internal processes, including fee reductions, to alleviate this issue.”

He added, “When we find ourselves restricted in liquidity, we should pay attention to this, as it will affect us once we cannot access the fund pool normally.”

In fact, OKEx had previously announced the launch of a new feature called Stakingpool, allowing anyone to earn profits by staking their USDT or ETH and receiving a certain percentage of rewards.

In June of this year, OKEx officially announced the StakePool feature plan, increasing the amount of staking to 50 million EOS and 30 million USDK.

At the end of July, Stakingpool added an additional $20 million in rewards.

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When will OKEX resume (OKEX is done)

OKEX is done

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