The famous spot and derivatives digital currency exchange OKEx has listed eight decentralized finance (DeFi) tokens in just one day. The Malta-based exchange announced the listing of DeFi tokens on August 28, 2020, saying that these tokens cover a vast range of innovations in the decentralized finance sector ranging “from oracles and insurance to stablecoins and liquidity providers”.
Eight DeFi tokens including BAND added by OKEx
Amid the decentralized finance market’s rapid growth, the global cryptocurrency exchange OKEx has decided to add more high-promising tokens from the field. A total of eight tokens have been added by the exchange on its trading platform. These include Band protocol’s BAND token, yearn.finance’s governance token YFI, YFII.finance (YFII), Reserve Rights (RSR), Tellor (TRB), Nexus Mutual (wNXM), REN (REN), and JUST (JST).
According to the official listing announcement of the OKEx exchange, the spot trading of these eight tokens against the stablecoin Tether (USDT) was initiated on the day of the announcement at 7:00 am UTC while the trading of these tokens against the leading digital currency Bitcoin (BTC) and the second-ranked cryptocurrency Ethereum (ETH) started right after one hour.
The deposits of these tokens also commenced on August 28, 2020, at 4:00 am UTC. However, the withdrawals of these tokens were not allowed by the cryptocurrency exchange. Users will be able to make withdrawals from the 31st of August.
A total of 27 DeFi tokens now available on the OKEx platform
After adding these eight tokens from the decentralized finance field, the total number of DeFi tokens supported on the trading platform of the OKEx exchange has increased to 27. The crypto exchange plans to add more coins in the future.
The CEO of the OKEx exchange Jay Hao said while sharing his view on this listing:
“OKEx has been keenly observing the DeFi market dynamics and trying our best to collaborate with high-quality innovative DeFi projects that show the most potential. We are very encouraged to see so many excellent projects emerging in the market, as this also indicates that the DeFi space is developing rapidly.”
Furthermore, Jay Hao stated that the company is committed to providing assistance in the growth and development of the decentralized finance industry.
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