|OEX is domiciled in Hong Kong, which is a popular jurisdiction among companies that run exchange platforms, with Binance being probably the most widely recognized of them, due to its relatively lax regulation of cryptocurrencies.|
|Updated||Thursday, June 4, 2020 3:00:03PM UTC|
OEX facts, technical details and OEX information
OEX is domiciled in Hong Kong, which is a popular jurisdiction among companies that run exchange platforms, with Binance being probably the most widely recognized of them, due to its relatively lax regulation of cryptocurrencies.
The trading platform was launched in September 2017, and over the years has developed into one of the largest cryptocurrency exchanges by reported volume. Unfortunately, there is no detailed information about the founders on the official website, at least on its English version. However, it is known that the exchange operates under the auspices of the Singapore-based company OEX International Limited.
From the technical standpoint, OEX is a multi-layered platform, the architecture of which is comprised of numerous clusters. In order to provide the enhanced security of traders’ funds, OEX employs a system based on the multitude of hot and cold wallets.
As of writing, OEX firmly sits at the 3rd position on CoinMarketCap, having the reported daily trading volume of $1.1 billion, which translates to the monthly trading capacity of $31 billion. Although it should be noted that such substantial volumes are not always characteristic of OEX since the range of offered trading pairs is not particularly extensive and amounts to 20.
The platform supports more than a dozen cryptocurrencies, some of which belong in the category of alternative altcoins. Apparently, OEX is one of the few Chinese cryptocurrency exchanges that admits US citizens. However, it is advisable to obtain confirmation from the support team before making an actual deposit to the trading account.
Another positive feature of OEX is that it supports all popular funding methods: wire transfer, credit card deposits, AliPay, WeChat, PayPal, and, of course, cryptocurrencies.
This brings us to the topic of fees. As things stand, OEX doesn’t impose any deposit fees as well as the withdrawals fees on altcoins. However, when making withdrawals in Bitcoin, users are subject to the industry standard fee of 0.001 BTC per transaction. There is also no distinction between the market maker and taker fees as OEX establishes a flat 0.2% commission on every trade, which is within the industry boundaries.
The layout of both basic and advanced exchange interfaces has a standard design with the usual set of indicators and other trading tools. There are no stop-limit orders; only the necessary buy/sell ones. Unfortunately, OEX doesn’t have the option of margin trading, which is possibly the biggest drawback of this exchange. However, apart from the ordinary spot trading, there is a possibility to engage in derivatives trading with Bitcoin and Ethereum.
The exchange has its own token OEX which is tradable against most supported cryptocurrencies. In addition, OEX supports CNY Tether (CNYT), which is a cryptocurrency backed by Chinese Yuan and incorporated predominantly by Chinese crypto exchanges to serve the needs of Asian traders.
* Crypto Rating accepts no liability for any errors in the OEX information and OEX trade volume. For the most up-to-date prices please visit the OEX's official website.
|#||Exchange||Founded||Rate||Coins||Volume 24h||Change 24h|
|1||Binance||2017||4.7||341||93 296 186 418||19.15%|
|2||Kraken||2011||4.5||62||1 450 607 458||37.19%|
|3||Bitfinex||2012||4.4||146||1 219 534 793||21.83%|
|4||KuCoin||2017||4.2||282||6 352 556 826||24.92%|
|5||Indodax||2019||3.8||157||70 498 698||13.60%|
|6||WazirX||2018||3.4||176||174 945 616||25.22%|
|7||Paribu||2017||3.1||51||365 328 876||-11.23%|
|8||OKEx||2014||3.6||242||21 569 389 972||16.67%|
|9||Huobi Global||2013||4.3||314||13 171 488 942||12.47%|
|10||FTX||2019||1.7||192||11 282 130 586||42.22%|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.