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OKB Price Reaches New Highs but Excessive Open Interest is Worrisome

The OKB price reached a new all-time high on Feb. 5. It has not shown any major signs of weakness, suggesting that the upward movement could continue.

The coin is used to calculate and pay trading fees, to grant users voting and governance access on the platform, and to reward users for holding OKB. It is worth mentioning that the OKEx exchange currently has $7.97 billion in assets and $4.01 billion in open interest. The ratio of less than two to one is in stark contrast to Binance, which has a ratio of more than six to one. Open interest is the number of derivative contracts that have not been settled yet. Therefore, this ratio is worrisome in regard to the liquidity of the exchange.

(By Valdrin Tahiri)

OKB OKB $53.32
+0.12%
OKX
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