OKEx shared insights on buying and selling, regulation, DeFi and extra throughout latest Markets Professional AMA


Based in 2017, OKEx is a centralized cryptocurrency change based mostly in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with almost $12 billion in buying and selling quantity throughout the previous 24 hours. The change lists 312 cash and 518 cryptocurrency buying and selling pairs.

It is usually troublesome for brand new cryptocurrency fanatics to navigate the complicated world of buying and selling and finance. OKEx seeks to convey such refined buying and selling strategies to on a regular basis customers’ disposal by constructing easy consumer interface. Throughout an unique ask me something, or AMA, session with Cointelegraph Markets Pro Users, OKEx employees mentioned buying and selling instruments, monetary regulation, the OKExChain (OEC) blockchain, meme cash, and DeFi choices on the OKEx platform.

Cointelegraph Markets Professional Consumer: How can somebody profit from bots / API [Application Programming Interface] buying and selling with no coding expertise? Does OKEx have any partnerships totally built-in?

OKEx Workers: TLDR [Too Long, Didn’t Read], you do NOT must have any coding expertise to automate trades with the buying and selling bot on OKEx. We make it very easy so that you can set the buying and selling bot up — it is built-in into the OKEx buying and selling dashboard. you possibly can mainly go totally automated by selecting the AI possibility and simply setting the order quantity in USDT. OR you possibly can manually set your parameters, together with the higher and lower cost restrict for the asset you wish to commerce.

So the bot is basically an auto-trading software with pre-set parameters. Buying and selling bots can maximize revenue potential, particularly in occasions of range-traded market. So with a buying and selling bot, just like the one we now have on OKEx, it will likely be extra worthwhile if the market you select goes up (promoting), then down (shopping for), then up, down, and so on. slightly than simply up, up, up. The buying and selling bot on OKEx is on the market for all spot buying and selling pairs, which implies you should purchase and promote ETH, out and in of BTC, for instance. A buying and selling bot video tutorial is coming quickly! subsequent week doubtless however this is the written tutorial. And Here is what it appears to be like like within the UI [User Interface]. You need not API/coding expertise with the intention to execute such a robust and automatic technique. 

OKEx buying and selling interface | Supply: OKEx

Buying and selling bot revenue and loss | Supply: OKEx

CT Markets Professional Consumer: How do you suppose the India crypto ban will influence the crypto area?

OKEx employees: I believe for India, the regulator wish to have a extra complete framework in regulating crypto as a substitute of banning it. Historical past instructed us when crypto is allowed and controlled – it could even be stronger. The India ban is unlikely to have any main influence in the marketplace. Crypto has develop into fairly resilient to such information developments over the previous couple of years. 

CT Markets Professional Consumer: Cryptocurrencies have fairly excessive beta [volatility]. Do you guys use the identical monetary mannequin (I.e. Black Scholes) as shares to cost crypto derivatives?

OKEx employees: Our possibility market makes use of the Black Scholes mannequin to compute mark worth (honest worth of the precise contract). And for danger administration, we’re utilizing a SPAN-like state of affairs stress-tester (like CME) to calculate the max lack of the shopper’s portfolio.

CT Markets Professional Consumer: I lately heard some developments with the OKExChain; what is going on on with that?

OKEx employees: Sure, the rumors are true! [The trading chain] It is known as OEC, the mainnet was launched this summer season. just a little bit about OEC — it is an EVM [Ethereum Virtual Machine] appropriate public blockchain that makes use of Cosmos / Tendermint structure. OKEx has been quietly creating OEC for a number of years to make it as strong as potential and to deal with the blockchain trilemma . Versus being an Ethereum clone, it is being constructed from the bottom up . For extra in-depth data on OEC, you possibly can read this, but it surely’s not mild studying.

CT Markets Professional Consumer: What’s the OKEx DeFi Hub? What services and products are presently supplied and the most effective staking alternatives?

OKEx employees:  DeFi is a brand new mode on OKEx. You’ll be able to toggle between “Change” mode and “DeFi” mode on okex.com or within the app. It is mainly like a bridge between the worlds of CeFi and DeFi — OKEx brings DeFi to you in a single cohesive interface. To begin with, you do not have to have an OKEx account to make use of the DeFi mode. You join your Internet 3.Zero pockets, you possibly can observe wallets and see all of your DeFi property in a single place. In the mean time, DeFi mode (which launched this fall) presently consists of our very personal NFT Market, GameFi heart, and Dashboard, the place you possibly can view your whole decentralized property, together with your NFTs. However there’s extra coming quickly! OKEx supplies a bespoke Internet 3.Zero pockets which you can conveniently use by way of the browser extension (Chrome or Firefox) or immediately within the OKEx app. At present, staking, financial savings, and yield-farming gives are solely out there on OKEx Earn, by way of our centralized platform, that is all I can say for now:)

CT Markets Professional Consumer: I’d respect your views on multi billion $$ meme cash and whether or not they function a viable supply of influx to crypto, or are they ticking time bombs able to destabilize the market if and once they pop. That means is there really room in a rational crypto marketplace for these cash?

OKEx employees: Good query! Sure, meme cash are positively appearing as gateways for non-native crypto buyers/merchants because of their accessibility. There’s a particular risk of those cash sliding sharply sooner or later, however I would not go as far as to say they’ll destabilize the market at this level. Their speculative nature is on the market for all to know, and these cash do not take themselves too critically, which implies buyers are considerably conscious of the dangers. Furthermore, the highest meme cash, comparable to DOGE and SHIB, have really cemented themselves moderately nicely by now. We really did an episode on meme cash on our podcast. Here’s a link to that for the complete dialogue.

CT Markets Professional Consumer: How does OKEx combine with the play-to-earn video games? 

OKEx employees: In the mean time, the GameFi heart on okex.com is a play-to-earn recreation aggregator. So you could find all the newest and hottest blockchain video games there. You’ll be able to simply filter by blockchain community and we characteristic video games on over 20 completely different networks, together with video games solely constructed on OEC (the general public blockchain developed by OKEx, which i defined above). Every recreation listed on OKEx GameFi has its personal web page the tells you all in regards to the recreation, the worth historical past of the in-game asset(s) and different key data. We additionally embody the hyperlink on to the sport’s website so you possibly can go play it — most play-to-earn video games are performed in-browser. Here is a enjoyable spacey recreation built on OEC.

CT Markets Professional Consumer: How would you comparecontrast Okex with, say, Coinbase? What makes OKEX stand out in a world with so many change decisions?

OKEx employees: OKEx is a sophisticated buying and selling platform that gives derivatives (choices, futures, perp swaps), buying and selling bots, margin buying and selling, and an unlimited variety of tokens. Plus, we lately launched a DeFi mode with decentralized choices, comparable to NFTs and crypto video games, and a helpful dashboard to handle all of your DeFi property. Our line of providers, starting from extremely liquid buying and selling markets to staking/farming choices, are geared toward catering to merchants and buyers of all ranges.

Aside from DeFi mode, the buying and selling bot talked about earlier and our new portfolio margin mode are a few examples of how we proceed to push ahead with providers and instruments that facilitate crypto market individuals. OKEx is the primary platform to supply true portfolio margin with multi-currency collateral danger offset — this can be a enormous plus for skilled merchants buying and selling massive portfolios, particularly choices/different crypto derivatives as a result of it lets them closely cut back margin necessities.

CT Markets Professional Consumer: The place do you see the overall crypto market cap going in a single yr, 5 years? What market phase is undervalued proper now? Id? Meta? Layer1?

It is exhausting to say any actual numbers, but it surely looks as if the charts go up and to the best! Nevertheless, market individuals will do nicely to maintain tabs on financial coverage adjustments within the subsequent yr. Personally, I believe that Internet 3.0/digital identification/metaverse initiatives are undervalued in comparison with the place they (or a minimum of some) will probably be in just a few years. We talked so much about this with some nice company on final week’s episode of our podcast.

Disclaimer: The next market predictions have been made earlier than of onset of reports of a novel coronavirus variant negatively impacted capital markets worldwide on Nov. 26. They might not be relevant in right this moment’s atmosphere and shouldn’t be considered funding recommendation.

CT Markets Professional Consumer: Do you guys suppose that [Bitcoin price] $69Okay was the highest? Is there nonetheless an opportunity for one more alt season within the subsequent couple of months?

OKEx employees: $69ok is the highest or not is a matter of time frames, for my part. On-chain metrics, comparable to change flows and balances, point out that the final all-time excessive ($69Okay) may be very unlikely to be the highest for this cycle. That being stated, BTC can also be not prone to transfer straight up, even when most metrics are bullish. That is due to the best way the market has matured and the growing range of market individuals as nicely. Matured within the sense that there’s a distinction in market composition from 2013 to 2017 and 2021. Much more “critical” buyers and institutional involvement and futures from CME, as an illustration, and the ETF [Exchange Traded Funds]. 

The larger a market will get, the slower it strikes and the much less risky it turns into. Nevertheless, the subsequent few months, particularly Q1 2022, must be attention-grabbing to watch as we may even see this bullish cycle prolong into the subsequent yr as a substitute of ending in December. If that occurs, we will certainly see one other alt season.

I believe we’re already beginning to see one thing of a meme season/metaverse season in the mean time. Clearly the information from Fb going all-in with the metaverse spurred on that aspect of issues, however the decentralized metaverse is certainly seeing new capital influx. For my part, the market cycles by means of sectors; as an illustration, we’re presently seeing metaverse trending however may see different lagging classes begin catching up so long as BTC stays bullish/does not slide too sharply. Usually, if the market appears to be like robust, all the things goes to rise ultimately. We will see there’s a constant influx from institutional cash. Fairness stability on institutional move is steadily growing. Exhausting to inform on the subject of shopping for Ethereum, although, since they commerce all the things and all have several types of methods.

The BTC change web place change metric, as an illustration, continues to be not exhibiting indicators of the present worth, or the final ATH [All Time High], being a prime just like the one we noticed in Could.

Bitcoin web buying and selling place change | Supply: OKEx