The OKEx exchange has revealed today that it will start supporting Tezos (XTZ), an open-source platform, for launching crypto tokens and applications.
Tezos currently ranks as the 21st crypto due to a market cap of over $695 million, and currently has a 24-hour trade volume of over $206k.
Users will be able to deposit XTZ on OKEx, starting with 09:00 November 6, 2019 (UTC). XTZ spot trading against USDT and BTC will be activated starting with 09:00 November 7, 2019 (UTC). XTZ will be available for withdrawal operations starting with 09:00 November 8, 2019 (UTC).
“Tezos is a highly respected project with a robust community, and we’re happy to be able to add the value of the XTZ network to the OKEx ecosystem, where we strive to deliver a one-stop-shop for professional and retail traders,” stated the Head of Operations of OKEx, Andy Cheung.
Tezos was created by analyst Arthur Breitman and his spouse Kathleen Breitman to serve as a multi-purpose platform that enables the creation and deployment of decentralized applications and smart contracts.
“We are looking forward to a thriving relationship with OKEx, a global leader in the blockchain space, in furthering the Tezos ecosystem together in Asia and throughout the world,” said Board of Directors at Tezos Commons Foundation, Corey Soreff.
OKEx employs a coin review process prior to its listing which is very rigorous according to many aspects, taking into account features, such as project quality (i.e. (legal) qualifications, business model and structure, promotion, etc.) as well as project community (i.e. ecosystem-wise capacity and promotion opportunity). This listing standard enables OKEx to guarantee that all its listed coins and respective projects offer practical use cases and produce high liquidity.
Also, in November, OKEx launched its USDT Futures Trading, which is a linear futures contract. The USDT Futures enables contract owners to hold a long position to make a profit when a crypto’s price shots up, or short a position to make a profit when a crypto’s price goes down. OKEx pairs USDT against BTC, ETH, BCH, EOS, XRP, BSV, and TRX with leverages between 1-100x, in fixed and cross-margin mode.
Featured image: CryptoVest
