Jump to content
  • Sky
  • Blueberry
  • Slate
  • Blackcurrant
  • Watermelon
  • Strawberry
  • Orange
  • Banana
  • Apple
  • Emerald
  • Chocolate
  • Charcoal

Welcome to your community. We would like you to take a minute and read our newcomers guide.

Sign in to follow this  
cryptofreak

OKEx is creating a blockchain

Recommended Posts

OKEx (a Malta-based crypto exchange) has revealed its plans to launch a decentralized exchange on its own blockchain. 

OKEx announced that its operations team has been developing OKChain (a blockchain), which will provide the underlying tech required for OKDEx (its first decentralized exchange). According to the company, OKChain is said to be in its final development stage and in June, a test network launch will take place.

 

As a result of demand, the exchange said that, by April ending, it will put OKB onto an Ethereum ERC-20 standard blockchain, and as soon as the network is stable, it will move all tokens to OKChain.

The announcement says:

Quote

OKB will be the native token of the OKChain network, which can be used to settle transaction fees, or used in the Dapps [decentralized apps] developed on OKChain.

 

It seems exchanges now see decentralized exchange as a necessary thing they must possess. Binance, which is the largest crypto exchange in the world by adjusted trading volume, is also set to launch a DEX on its own blockchain network.

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×