OKEx Friday News!

By Official Okex | Okex Announcements | 12 Feb 2021

Tesla

Tesla Impacts Bitcoin

Bitcoin futures reflects the optimism of the cryptocurrency market after Tesla announced buying 1.5 billion US Dollars worth of Bitcoin. This bullish news pushed Bitcoin to a high of 49,000 USD and has been testing around 47,000 ever since. Last Friday we discussed market optimism and how the quarterly BTC futures contract BTCUSD0326 expiring at the end of March — was trading around $39,000. At the time of writing, the same contract is trading at $49,339, exactly $2,000 above the BTC spot index price of $47,339. To learn everything that's going on in the Futures Market check out our Futures Friday article.

OKEx and Algorand

OKEx is adding support for stablecoin giants USDT and USDC on the high-performance smart contract blockchain Algorand (USDTa and USDCa). This gives OKEx and Algorand users an easy way to send stable coins at a fraction of the cost and time of the Ethereum network. Instead of paying up to 25 USD to send a token it only costs 0.001 USD and it's settled almost instantly. Learn more about this amazing partnership at the OKEx Academy today.

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Official Okex

I am a content marketing Manager for Okex.

Okex Announcements

OKEx is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology. OKEx provides hundreds of token & futures trading pairs to help traders optimize their strategy. We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Our BTC futures trade have nearly $1.5B of volume daily, and is widely recognized as the gold standard for the industry.

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