Ter a day of mixed fortunes, OKEx overtook long-time market leader Binance for daily transaction volume spil its CEO resigned. According to gegevens from crypto indexing and gegevens aggregation webpagina coinmarketcap.com, OKEx is now the thickest crypto exchange globally with a lead of just overheen $150 million te trade volume overheen the last 24 hours. Binance has held the position since January this year.
CEO Resigns To Commence Fresh Life
OKEx CEO resigned on the same day and according to Bloomberg, he left the exchange to commence a fresh life. Lee voiced his gratitude at the chance he had bot suggested by OKEx overheen the years describing working at OKEx spil his greatest pleasure and an honour. Ter a statement issued by his spokesperson, Lee stated that he’d make a comeback to the blockchain and crypto industry after taking a pauze to spend more time with his family. No further explanation wasgoed suggested by either Lee or the exchange.
Lee leaves at a time when the stiff is expanding aggressively at the back of enhanced trading activities. The exchange, which is based te Hong Kong announced last month that it would be setting up operations ter the island nation of Malta. The stir wasgoed announced shortly after fellow giant crypto exchange Binance had announced a similar stir. OKEx, through Lee, voiced its confidence ter the Maltese government’s efforts ter making the country a blockchain island.
OKEx has also recently announced its project to kwestie its own utility token, OKB which will among other things be used to lodge trading fees on the exchange. The token will be released spil an ERC-20 token on the Ethereum blockchain primarily. The announcement wasgoed seen spil an act of war against Binance whose BNB token has risen ter value and popularity greatly te latest months. The BNB token’s popularity has bot spurred greatly by Binance’s opoffering of a 50% toverfee reduction on all trades if the user uses the BNB token. The Binance token presently trades at $13.
It has not bot all slick for OKEx however, with the exchange having come under scrutiny for allegedly faking its trade volume numbers. According to research carried out and published by a crypto trader Sylvain Ribes, OKEx wasgoed allegedly the fattest perpetrator of fake trades ter the industry with overheen 90% of its volume being non-existent.
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