In recent times, Bitcoin fork risks have become a widely discussed topic. As of July 2nd, OKEx has listed numerous DeFi project tokens, including COMP, MKR, KNC, LRC, BNT, ZRX, AST, and XLM, to enhance market accessibility. Established exchanges like Kraken have also confirmed plans to consider direct listings in 2022. Essentially, these measures aim to amplify platform token value by reducing total or circulating supply. Notably, OKEx operates as a global digital asset contract trading platform built upon OKCoin International.
The emergence of OKChain—a public blockchain—marks OKEx's strategic move into DeFi ecosystems. This initiative bridges CeFi (Centralized Finance) and DeFi, fostering a hybrid financial environment. OKB and HT tokens have surged by 150% and 172%, respectively, highlighting the importance of aligning user efforts with exchange-driven opportunities.
Key Benefits of ID Verification on OKEx
- Regulatory Compliance: Adhering to global anti-money laundering (AML) and know-your-customer (KYC) standards ensures legal operations and user protection.
- Enhanced Security: Preventing fraudulent activities and unauthorized access to accounts.
- Unified Trading Accounts: Enables cross-business margin sharing (spot, leverage, futures, options), improving capital efficiency and risk management.
👉 Explore OKEx's Unified Account Features
Addressing Common Concerns
- Perpetual Contract Fees: OKEx's funding rates are market-driven and transparent, ensuring fairness.
- Quick Buy Filters: Users can apply conditional filters for streamlined transactions.
FAQs
Q: Is ID verification mandatory for all OKEx services?
A: Yes, to comply with international regulations and ensure account security.
Q: How does OKEx protect my uploaded documents?
A: Data is encrypted and stored securely, accessible only to authorized personnel.
Q: Can I trade DeFi tokens without verification?
A: No, full KYC is required for all token trades and lending services.