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CryptoCompare Exchange Review: OKEx Still Dominating Both Spot and Derivatives

2020.07.08 OKEx Public Relations

Valletta, Malta, July 7, 2020 OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has maintained its status as one of the largest exchanges in terms of both spot trading and derivatives, according to the latest Exchange Review June 2020 Report released by CryptoCompare, a reputable global cryptocurrency market data provider.

With the downturn of the crypto market of $40.6 billion in June, the trading volume of all exchanges has declined to varying degrees. Against such a tough background, OKEx still achieved $40.6 billion in spot trading and $106.9 billion in derivatives trading. According to the report, OKEx is one of two top-tier exchanges that represent approximately three-quarters of all the volume between them.

Source: CryptoCompare

“It has been a hard time for many industries in 2020, and crypto is no exception. However, by comparing traffic and Bitcoin's search interest as keywords, we saw that, despite the decline in transaction volume in June, people's focus on crypto has not weakened. On the contrary, with the rise of concepts such as DeFi, the popularity of crypto and blockchain has increased,” said Jay Hao, CEO of OKEx, adding:

“We are honored to be recognized by CryptoCompare. As the industry enters the platform period, exchanges should sculpt their own products, providing a wider and better service. OKEx will continue to reward the industry and our users with improved technology and diverse services.”

In addition to the traditional advantages of spot and derivatives trading, OKEx has also recently made great progress in the options trading field. According to data from skew, single-week BTC options and ETH options trading volume on OKEx is approximately $50 million.

Source: skew

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About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap, and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact:

Vivien Choi
Email: [email protected]
Telegram: @vivienchoi

Follow OKEx

Twitter: https://twitter.com/OKEx
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKEx
Telegram group (English): https://t.me/OKExOfficial_English
Telegram group (Russian): https://t.me/okexofficial_ru


Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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