OKEx is a world-leading digital asset exchange that was created in China in 2014, that provides advanced financial services to global traders by using blockchain technology. OKExis also one of the top leading digital asset exchanges in trading volume, serving more than 20 million customers in over 100 countries. Their BTC futures trade has nearly $1.5B of volume daily and is widely recognized as the gold standard for the industry.
The OKEx operations team was secretly developing a blockchain of their own, and in 2019 will launch and further develop its OKChain blockchain mainnet. OKB is a global utility token issued by OKEx and is that the native coin of the OKChain blockchain, which is employed to settle transaction fees, or utilized in the Dapps developed on OKChain. with the OKChain blockchain launch, OKB has since moved from ERC-20 to OKChain and has grown to be accepted and utilized in various use cases since then, both internally and beyond the bounds of the OKEx ecosystem
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