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OKEx Announces That Polkadot (DOT) Is Now Available for Trading on Its Platform

2020.07.17 OKEx Public Relations

Valletta, Malta, July 17, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce its new listing of Polkadot (DOT), a scalable, interoperable and secure network protocol for the next web and the first project of the renowned Swiss-based Web3 Foundation. DOT spot trading against USDT became available on OKEx at 8:00 am UTC on July 17.

The activation of DOT deposits and withdrawals and the opening of additional trading pairs will be announced shortly. As this exciting project is hot off the press, DOT transfers are not yet enabled, and the current DOT address is used for claiming purposes only. As such, OKEx supports users in claiming DOT mainnet assets. Manual operation is required and specific steps need to be followed to claim the DOT mainnet asset on OKEx. 

As the first project of the Web3 Foundation, Polkadot rethinks the way in which we interact with the internet and will enable a completely decentralized web that places users in control. Polkadot's mission is to connect private and consortium chains, public and permissionless networks, oracles, and even future technologies that are yet to be created. In this way, Polkadot will facilitate an internet in which independent blockchains can exchange information and transactions in a trustless way.

Polkadot makes it easy to build and connect decentralized applications, services and institutions. With a key focus on interoperability, Polkadot is a network protocol that allows all types of data — not only tokens — to be transferred across blockchains. This makes this innovative project a true multichain application environment where cross-chain registries and cross-chain computation are possible.

Built by the Swiss-based Web3 Foundation — which was founded by Gavin Wood, a co-founder of Ethereum; mathematical modeler Aeron Buchanan; and Reto Trinkler, founder of Trinkler Software — Polkadot is a highly anticipated project with the potential to fix many of the existing problems with the internet today. Its technology has been developed by major companies — including Google, Apple, Microsoft and Mozilla — that have created a large ecosystem of support for the standard.

OKEx CEO Jay Hao commented on the development in a statement:

"The Polkadot platform has been built by some of the brightest minds in the crypto space, and its mission of enabling Web3 where our data is our own and is safe from any centralized authorities is truly admirable. We're very happy to be at the forefront of the next web and offer yet another in-demand project to our users."

OKEx prides itself on listing the highest quality projects that bring liquidity to the exchange and satisfy its user base. Polkadot's DOT has a stellar team behind it and the backing of world-class developers and institutions. OKEx is thrilled to support the mission of Web3.

For further information, please visit: https://www.okex.com/support/hc/en-us/articles/360046402651

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

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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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