OKEx is one of the leading exchanges in the world and it offers a wide variety of services to users. Its diverse marketplace features many different types of crypto assets. Many global players, as well as institutional investors, operate on the exchange. They use the platform to increase their investment opportunities and hedge their risks. The exchange offers users a number of perpetual swaps, futures, and options for major cryptocurrencies. Its versatility is one of its greatest strengths.
OKEx is easy to use and has a very user-friendly interface. Its main screen has a trading view chart, market order depth, trades, and a buy/sell panel. Its desktop browser version is easy to navigate, although it takes up a lot of computer resources. It is easy to navigate the website, with the tabs easy to locate. It also offers a mobile application for iPhones and Android.
OKEx also offers a very low fee structure. It charges as little as 0.15% for making and selling trades. In comparison, other exchanges can charge retail traders up to 0.5%. In addition, it differentiates between normal and VIP users. The latter can upgrade their level based on the number of OKBs they hold and the volume of trades they make. The exchange does not charge for depositing funds, but charges when a user wants to withdraw their funds.
OKEx allows users to trade in various types of crypto assets. The exchange also has exchange markets for crypto-to-crypto trading. The exchange allows traders to use margin trading, with a maximum of 20-1 leverage. The downside to this is that it is difficult to invest on margin in the cryptocurrency markets. OKEx has recently added algorithms to its platform and offers automated trading tools. However, it is important to note that OKEx is still a China-focused exchange.