OKX releases the 15th POR: the reserve ratios of 22 public currencies exceed 100% and are included in BCH for the first time
OKX has released its 15th consecutive reserve proof, with reserve rates for 22 listed coins exceeding 100%, including a BTC reserve rate of 102%, and ETH, USDT, and USDC reserve rates of 104%. The total value of the four coins is worth $14.9 billion. Additionally, BCH has been added to the POR for the first time.OKX is committed to improving the transparency of POR to traditional financial auditing standards, leading the industry in safety and transparency. OKX insists on releasing POR monthly, with reserve rates exceeding 100% for 15 consecutive months, and the number of listed coins increasing from 3 to 22. The POR system has been continuously upgraded with technologies such as Merkel Trees, Full View Merkel Trees, and zk-STARK, setting multiple milestones. Users can independently verify OKX's ability to pay at any time, while protecting their privacy. Blockchain expert Nic Carter has rated OKX's POR quality as the highest level among mainstream exchanges.
OKX will offline mining pool products and related services
Due to business adjustments, OKX will soon be discontinuing its mining pool products and related services. The specific timeline for the discontinuation is as follows: On January 26th, 2024, OKX will close new user registration. Existing users can continue to enjoy the product and services until February 25th, 2024. On February 26th, 2024, OKX will close all mining pool products and related services.
OKX: The platform will fully compensate users for additional losses caused by abnormal liquidation
OKX Chinese stated on social media that due to the overall downturn of the market on January 23rd, the OKB price fluctuated synchronously, and the coin price reached 48.36 USDT at 17:07:26 (HKT). This triggered the liquidation of several large leveraged positions, and the market impact caused the coin price to drop, further triggering the liquidation of pledge loans, leveraged trading, and cross-currency trading, ultimately causing the price to drop to 25.1 $USDT in a short period of time. Currently, the coin price has returned to normal. We deeply apologize for the losses and impacts caused by the above issues and have formulated the following solutions:
OKX Web3 DeFi now officially opens API
OKX Web3 wallet has continuously strengthened API ecosystem construction and has officially opened the API for the DeFi section. By accessing the OKX Web3 DeFi API, users can quickly and conveniently call the 18 mainstream networks, 80+ high-quality protocols, and 3000+ popular investment products currently aggregated by OKX DeFi. Recently, OKX Web3 has successively opened APIs for products such as Ordinals Market and DEX, aiming to work closely with more developers and high-quality project parties to better promote industry development. It is reported that OKX Web3 DeFi is a leading one-stop on-chain investment platform, supporting users with various convenient operations such as one-click cross-currency investment and automatic income calculation. This makes it easy for users to quickly and accurately find investment products that meet their needs, while improving capital utilization and saving gas fees, making DeFi investment simpler.
OKX Secures VASP License in Dubai, Expanding Its Global Presence in the Virtual Asset Market
OKX has obtained a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA) in a strategic move to strengthen its global presence. The license allows OKX to offer a range of regulated virtual asset exchange services, including spot and fiat trading, AED deposits and withdrawals, and spot trading pairs. Once the license becomes operational, these services will be accessible to both retail and institutional users through the OKX App and OKX.com Exchange. This regulatory milestone not only marks OKX's leap into a new era but also signals the beginning of Dubai's potential to become a hub of excellence for Web3 and virtual assets.
OKX has reached a cooperation with Stephen Chow and Nobody to send out Nobody NFT whitelist in limited quantities for a limited time
To celebrate the partnership between OKX and Stephen Chow and Nobody, OKX NFT Market and Nobody have jointly launched a limited-time whitelist subscription activity for Nobody NFT. Users who complete the designated tasks can participate in this whitelist subscription. The final selected users can obtain the Nobody NFT whitelist, limited to 2500. It is reported that OKX NFT Market is a multi-chain aggregation platform with zero handling fees that integrates creation, collection, and trading functions. It currently aggregates orders from mainstream NFT platforms such as Tensor, OpenSea, Magic Eden, LooksRare, IMX Official, Element, Blur, and supports Aptos and Solana ecological inscriptions, making it one of the most comprehensive and advanced NFT markets in the current market.
The address starting with 0xfc4 transferred 8,700 ETH to OKX
According to on-chain data analyst @ai_9684xtpa, on January 6th, an address starting with 0xfc4 transferred 8,700 ETH (approximately $19.6 million) that was previously transferred out of Binance a month ago to OKX. If all of it is sold, it will result in a profit of $1.58 million.
OKX Web3 DeFi releases annual data: a total of 66 new access protocols have been added, with a total investment amount of US$2.8B
According to official sources on January 4th, OKX Web3 DeFi announced its annual data for 2023, with a total of 66 new access protocols and over 50 Bonus investment products launched. The total investment amount by users reached 2.8 billion US dollars, with a cumulative interest amount of 1.5 million US dollars.
OKX Inscription Market has removed sats from the shelves
Sats have been removed from the OKX Inscription Market. Previously, security company GoPlus warned that a vulnerability had appeared in the OKX Web3 wallet's Ordinals trading market, with a large number of fake sats being displayed on pending orders.
OKX: The ordinals market section will be temporarily closed and will be reopened after repair.
OKX officials have received feedback regarding issues with the ordinals market and will temporarily close the ordinals market section. It will be reopened after repairs have been made. Please be patient.
