OKX

The post OKX Shuts Down Services in Nigeria: What Users Need to Know appeared first on Coinpedia Fintech News OKX crypto exchange will stop its services in Nigeria. From August 16, 2024, Nigerian users won’t be able to open any new trades or use any other platform services. So, what will happen to the funds of OKX users in Nigeria, and when will full services be shut down? Let’s explore. End of an Era: OKX Halts Trading for Nigerian Users…

OKX Ventures, the investment arm of Web3 technology company OKX, has unveiled its May-June 2024 bi-monthly investment report. The report highlighted strategic investments in four altcoin projects – Bedrock, Codatta, GoPlus, and Nubit. Firms such as OKX Ventures and Binance Labs generally invest in early crypto startups that have yet to launch their altcoins. However, community members believe that investments from such firms hint towards airdrop or token generation events shortly. Why OKX Ventures Invested in These 4 Altcoin Projects…

The post OKX Takes Action After Multi-Million Dollar Security Breach appeared first on Coinpedia Fintech News Cryptocurrency exchange OKX, with the help of its security partner SlowMist, is studying a large-scale security incident in which unauthorised persons stole two users’ accounts through an SMS attack or phishing on June 9.  Initially discovered by the SlowMist founder, the leak entailed generating a new API key with the privileges of taking and trading. However, the amount that was embezzled is thought to…

The post OKX Launches in the Netherlands After Binance Exits  appeared first on Coinpedia Fintech News OKX has officially launched its centralized crypto exchange and OKX Wallet in the Netherlands, offering users access to trade over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. OKX plans to capitalize on taking part of the market share lost by Binance last year. OKX will also offer Euro deposits and withdrawals and Web3 features via the OKX Wallet in the Netherlands. The Web3…

Two top OKX executives, Global Government Relations Chief Tim Byun and product chief Wei Lan, have departed the exchange.  Tim Byun was also the CEO of US arm OKcoin between 2018 and 2020, while Wei Lan also ran the trading desk at the crypto exchange.  Top Executives Depart Abruptly  The departure of the company’s top executives comes amid the exchange attempting to consolidate certain parts of its business under a single brand. Byun was the CEO of Okcoin, the exchange’s…

OKX launches X Layer, a Polygon-powered Layer-2 solution that offers seamless integration with its exchange and Web3 wallet to drive adoption and innovation in decentralized applications. Seamless Integration To Bridge Assets Leading crypto exchange OKX has officially launched the public mainnet of its Layer-2 solution, X Layer. In addition to the OKX Exchange (CEX), the X Layer is also integrated with the OKX Web3 Wallet. This integration will allow users to seamlessly bridge assets from the two platforms to the…

Stellar (XLM) and Ripple (XRP) hold strong positions and their investors are always looking for new projects to invest in. Enter Fezoo (FEZ), a decentralized exchange (DEX) that's captivating the attention of Stellar (XLM) and Ripple (XRP) communities. Here's why investors from these ecosystems are going to Fezoo (FEZ), and how this new platform could challenge the dominance of centralized exchanges (CEXs) like OKX and Binance. Stellar (XLM) Investors Shift To Fezoo (FEZ) Fezoo (FEZ) provides a platform for trading…

Cryptocurrency exchange OKX will reportedly terminate its services in India. The exchange advised customers to close their positions by April 30.  Due to local regulations, crypto exchange OKX will no longer offer its services in India. The exchange told its customers to close their positions by April 30, 2024. After the indicated date, customers may only withdraw funds from the exchange.  India Flags Numerous Exchanges for Operating Illegally According to a report by TechCrunch, crypto exchange OKX told its customers…

Tether’s USDT stablecoin has been officially delisted on the OKX crypto exchange for all European users prior to the enactment of the MiCA regulations in the EU.  No More USDT Pairs On OKX Tether’s USDT trading pairs are no longer supported by crypto exchange OKX in the European Economic Area (EEA). The news broke when an X user posted a screenshot of a customer support message that appeared to confirm that USDT trading pairs are no longer supported in the…