OKEx Adds More Coin-Margined Perpetual Swaps for Real-Time Settlement
The real-time settlement function went live on Dec. 29.
Bitcoin analysts say this week's quick market rebound might be due to Chinese retail buyers buying the dip, using the stablecoin tether.
It's the year of the ox, and many traders and investors are holding their bitcoin in anticipation of a bullish market trend.
"Why would an exchange or any service in this industry that's claiming to want to do the right thing refuse to speak at all?" says CipherBlade's Rich Sanders.
High on-chain fees and transaction times for bitcoin can be off-putting to users, the exchange said.
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.
A sharp drop in OKEx’s trading volume and stablecoin reserves – tether in particular – may reveal an ongoing exodus of its users after the popular crypto derivatives exchange unexpectedly halted all crypto withdrawal activities for about five weeks.