Bittrex CEO Tom Albright explained that this year “has seen huge growth in DeFi as an asset class and a number of significant milestones completed.” He believes that as the industry matures more institutional and professional investors will look at its fundamentals and consequently “we are likely to see increased demand and higher trading volumes for DeFi in 2021.”
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Markets Report: Bitcoin rebounds after OKEx freeze accelerates $11K drop
News that OKEx had stopped withdrawals from its 200,000 BTC vaults brought volatility to Bitcoin, but a rebound is already on the way.
Bitcoin was on course for modest weekly gains on Oct. 16 as fresh downside took the market ever closer to $11,000 support. After hitting $11,700, this week saw BTC/USD consolidate higher, but unforeseen circumstances sparked sudden selling pressure Friday.
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The value of OKEx's utility token, OKB, fell off a cliff after the shock announcement (Photo: C Sephton)OKEx suspends crypto withdrawals as private key holder co-operates in investigation
Crypto markets were spooked by the middle-of-the-night announcement—with OKEx’s utility token OKB falling more than 15%
Stressing that its customers’ assets remain secure, the company added: “In order to act in the best interests of customers and deliver exceptional long-time customer service, we have decided to suspend digital assets/cryptocurrencies withdrawals … We assure [you] that OKEx’s other functions remain normal and stable.”
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Derivatives exchange OKEx targets small investors with real-time data
The crypto exchange has partnered with data analytics site Skew to provide real-time data for ether derivatives, hoping to make the financial product less ‘intimidating’
Top cryptocurrency derivatives exchange OKEx announced a new initiative aiming to make its ether (ETH) derivatives more transparent and easier for average investors to understand.
