OKEx Crypto Exchange Launches Two New Partner Trading Platforms

OKEx, one of the largest cryptocurrency exchanges, has revealed a new list of trading platforms under a recently introduced partnership program, OKEx said on Thursday. The new exchanges are called OCNex and 2100bit and offer only crypto trading pairs.

Neither platform is a subsidiary of OKEx, but both use the Hong Kong company’s facilitation. OCNex and 2100bit have three basic virtual currencies: Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). This is similar to OKEx, which has one additional market with its own OKB token.

OCNex supports trading in ten coins: BTC, ETH, USDT, Ripple (XRP), EOS (EOS), Litecoin (LTC), Cardano (ADA), Bitcoin Cash (BCH), IOTA (MIOTA), Tron (TRX), and Stellar Lumens (XLM). As for 2100bit, it offers around 30 cryptos, including the currencies mentioned except for BCH and MIOTA. The other cryptos on 2100bit are Ethereum Classic (ETC), Aeternity (AE), Bitcoin Diamond (BCD), Bytecoin (BCN), Bytom (BTM), Bitcoin Gold (BTG), Dash (DASH), Decred (DCR), DigiByte (DGB), ICON (ICX), Lisk (LSK), Maker (MKR), NEO (NEO), OmiseGo (OMG), Qtum (QTUM), Siacoin (SC), NEM (XEM), Monero (XMR), ZCash (ZEC), 0x (ZRX), Zilliqa (ZIL), and Ontology (ONT).

OCNex and 2100bit are the second group of exchanges to emerge from the Digital Asset Exchange Open Partnership Program that OKEx announced in June. Last week, the Hong Kong exchange launched OK Top and CofeeOKEx, which also offer only crypto-to-crypto trading.

“The open exchanges will support multiple sets of transaction fees. The first 100 exchanges will run a platform token-based operation. To wit, the Program will support each exchange in issuing its own platform token. 51% of the total tokens issued should be assigned as the “Mining Portion” and 49% as “Issuance Portion”, in which 25% is owned by the exchange and 24% is distributed to OKB holders,”

OKEx explained in June.

OKEx added that the term ‘Open exchanges’ does not mean ‘decentralized’ as “digital asset exchange is still an unfeasible idea with the current technology” but a concept based on DEX.