Passive Crypto Income Can Benefit Billions of People, OKEx Executive Says at Blockchain Economy 2020, Turkey

Passive Crypto Income Can Benefit Billions of People, OKEx Executive Says at Blockchain Economy 2020, Turkey

Traditional financial system has recognized challenges with high operational costs. The era of low interest rates has brought undesirable side effects to the real-world economy, especially to banks, who pay extra to store excessive reserves but are unable to pass on negative rates to depositors.

Blockchain, hence cryptocurrency, where smart contracts hosted on blockchain, results in trading finance at reduced cost. Permissionless financial instruments drive down 99% of barrier to create and issue bespoke tradable contracts for anyone to hedge, trade and earn. OKEx Pool now supports staking of 8 mainstream tokens including EOS, ATOM, DAI, and VSYS, etc., with interest rates of as high as 15%.

OKEx has a DeFi vision in building a frictionless economy. To take the first step, OKEx recently launched OKChain, the commercial public blockchain which supports the creation and release of DeFi applications from users. At the same time, OKEx also rolled out OKEx DEX, the exchange’s decentralized exchange the first application on OKChain to deliver a better trading experience and liquidity.

For event highlights, please visit OKEx’s Twitter.

About OKEx

The world’s largest and most diverse cryptocurrency marketplace, OKEx is where global crypto traders, miners, and institutional investors come to manage crypto assets, enhance investment opportunities, and hedge risks. We provide spot and derivatives trading, including futures, perpetual swap, and options, of major cryptocurrencies, offering investors great flexibility in formulating their strategies to maximize gains and mitigate risks.

SOURCE OKEx

CONTACT: Vivien Choi, [email protected], +852-62845786

 

source: https://blockchain-press-releases.com/passive-crypto-income-can-benefit-billions-of-people-okex-executive-says-at-blockchain-economy-2020-turkey/

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