OKB (OKB)

OKB is a cryptocurrency created by the OK Blockchain Foundation and also the Maltese cryptocurrency exchange OKEx. OKEx is comparable in many ways to the cryptocurrency exchange giant Binance, but there are a few important distinctions. The OKEx platform includes its own cloud mining service, and the firm has a more targeted reach in offering consumers with options trading. Meanwhile, Binance tries to provide a diverse range of crypto services internationally.

OKB is the OKEx utility token, which allows users to have access to the cryptocurrency exchange's unique features. The coin is used to determine and pay trading fees, provide users access to platform voting and governance, as well as to benefit users for holding OKB.

Since its debut in 2017, OKEx has grown to become a market leader. The platform debuted in the spring of 2017 as an extension of the main OKCoin platform. OKCoin currently concentrates on exchanging fiat for crypto, whereas OKEx focuses on crypto trading with a built-in API for algorithmic trading. The exchange also provides customers with a multi-currency wallet and margin trading functionality.

OKEx periodically burns tokens every three months to increase the value to OKB and make the digital coin more appealing to holders. The official website keeps track of coin burns. OKEx utilises 30% of the revenue from commission fees for this process. Furthermore, new users are given welcome incentives.

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