Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly

in #blockchainnews • 6 years ago


Recently, there appears allegation upon the trading volume of OKEx, a world-leading digital asset exchange. However, the allegation itself is invalid for the difficulty to collect the accurate data of trading volume as a person or even media outlets, let alone exchanges like OKEx with futures trading and API transaction.

What’s more, there is an important fact need to be mentioned. It is reported that OKEx has launched a program named Happy Friday, a bonus distribution campaign that to give away 50% of its trading fee to OKB (OKEx platform token) holders weekly. The program has distributed approximately $5 million last week. If OKEx has washed trade grossly to reach the volume which currently listed on CMC, meantime the weekly bonus remained $5 million; the exchange will need to pay most of the bonus to users with its own money, then why would OKEx make fake volume? That does not make any sense.
Read more on CoinStaker.com

#blockchain #cryptoworld #digitalassets
6 years ago in #blockchainnews by
$0.00
    Reply 0

    Coin Marketplace

    STEEM 0.19
    TRX 0.25
    JST 0.038
    BTC 97039.40
    ETH 3409.06
    USDT 1.00
    SBD 3.03