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OKX
Crypto Exchange OKX Goes Live With ‘Nitro Spreads,’ Allowing One-Click Basis Trading
Basis traders attempt to earn returns by trading the difference in an asset’s price on two separate markets.
OKCoin Accused by FDIC of Making False Claims About Customer Protections
The U.S. banking agency demanded the exchange halt “misleading representations” of backing from FDIC insurance.
Crypto Exchange OKX Wins Preparatory License in Dubai, Set to Boost Staff
Once the so-called MVP license becomes operational, OKX Middle East will offer spot, derivatives and fiat services including U.S. dollar and UAE dirham deposits and withdrawals.
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to reduce their supply on the open market.
OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian
OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports
CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.
Kraken’s Canada Customer Deposits Rose After Binance, OKX Plan to Leave
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw. Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, according to data sent to CoinDesk from a Kraken representative. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Crypto Exchange OKX Targets France as Regional Hub With Plan to Hire 100 People
OKX has applied for a Digital Asset Service Provider license to join dozens of companies that have already won approval.
Alameda Research Receives $57M From Crypto Exchange OKX
Alameda Research-controlled wallets hold over $240 million worth of cryptocurrencies.
Crypto Custodian Copper Partners With OKX to Provide Off-Exchange Settlements
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper.
