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Five Questions with Lennix Lai from OKX

okx lennix lai interview

Five Questions with Lennix Lai

We asked Lennix Lai, Director of financial markets at OKX, 5 questions. Lennix has over a decade of experience in the financial industry, specializing in high-frequency trading.

Get to know a little bit more about OKX and Lennix in this edition of “5 Questions”.

Questions & Answers

Q: With the recent rebrand of OKX, is it likely we can expect to see changes to existing products, new projects, and features? If so, what are you most excited about?

Lennix Lai: There won’t be a significant change in the existing products but we are always working towards improving the existing products and launching new features that benefit our users.

Q: The launch of the MetaX platform, it’s safe to say OKX sees significant value in the DeFi space. Will there be a sharper focus on DeFi offerings compared to traditional?

Lennix Lai: We definitely see a huge potential in the DeFi space and we will be launching many more products & features through MetaX. But this doesn’t mean that we will focus less on the other centralized offerings. Both of these offerings are very different and have their own audience & use cases, we’ll continue work and development on both centralized as well as decentralized offerings.

Q: With increasing volatility in the crypto market, why should people trade Crypto derivatives? Do you expect retail trading volume to grow or will less risky alternatives like Earn, Loan, and Staking taking precedence?

Lennix Lai: At times volatility makes the market even more interesting for day traders as it gives them more opportunities to trade again and again. These different products exist for different types of users who have different risk appetites. Somebody who prefers a safer investment with a stable income could go towards Earn, Loan, or staking products.

Q: As one of the more experienced financial market directors, how do you see the industry having developed during the last few years or so? What areas do you think are ripest for further expansion, and what among today’s innovations do you think will be the norm tomorrow?

Lennix Lai: The market is getting more sophisticated with more instruments designed for professionals – over the years. The crypto market is now for the serious player and has sufficient liquidity.

Q: If you had to sum up OKX’s ultimate vision for the future of cryptocurrencies, web3, and DeFi, what would that look like?

Lennix Lai: Metaverse!

About OKX

Founded in 2017, OKX is a world leading cryptocurrency exchange and ecosystem. OKX has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million people in 180 regions across the globe, OKX’s mission is to remove barriers to wealth creation by offering access to everything the decentralized future holds. With its unwavering commitment to innovation, OKX envisions a world of financial inclusion for all through the power of crypto and decentralized finance.

For more information, visit okx.com

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HaasOnline revitalizes age-old partnership with trading platform OKX

okx trading bot

OKX gets a refresh for TradeServer Cloud

OKX traders have long had access to a reliable and performant trading integration with HaasOnline TradeServer 3.x. Now they’ll have access to OKX from TradeServer Cloud.

HaasOnline has revitalized a strategic partnership with OKX, a cryptocurrency exchange, to pair traders with a need for liquid order books and advanced trade automation technologies.

We’ve previously supported OKX in our trading software. This time we have worked with the OKX team to bring an updated integration to TradeServer Cloud.” said Stephan de Haas, HaasOnline’s chief executive officer.

The partnership between OKX and HaasOnline’s on-premise trade automation products, enables traders to ideate, develop, test, and deploy OKX trade bots to trade favorable market conditions. Traders that reside in the US and other restricted countries can use their sister platform to create OKCoin trading bots

OKX enables users to take advantage of deep order books, tight spreads, and leverage. When traders stake OKX’s native utility token, OKB, they can reduce trading fees and use the token as collateral for futures trading. 

Why Register an OKX Account?

Chances are you’re eligible to register on OKX to trade without needing to go through any KYC process. However, with an unverified account you will be restricted to daily withdrawal limits and are not permitted to use certain products like P2P Loans.

  • No KYC requirement to deposit, withdrawal, or trade
  • 40% reduced trading fees when holding OKB token
  • Massive selection of trading pairs on spot, futures, margin, swap, and option markets
  • Safely earn interest with staking, savings, or P2P loans
  • Quickly buy crypto with credit cards

Register an OKX account in just minutes and connect API keys to TradeServer 3.x or TradeServer Cloud for access to new spot & futures markets.

ID VerificationDaily withdrawal limitsCumulative P2P transaction limits
Unverified10 BTCN/A
Level 1200 BTC$500
Level 2500 BTC$10,000
Level 3500 BTC$100,000
OKX Verification Information

U.S. Resident?

If you happen to live in the United States of America then you’ll need to register with their sister platform OKCoin, which is available to US citizens.

About OKX

Founded in 2017, OKX is a world leading cryptocurrency exchange and ecosystem. OKX has innovatively adopted blockchain technology to reshape the financial ecosystem and offers some of the most diverse and sophisticated products, solutions and trading tools on the market. Trusted by more than 20 million people in 180 regions across the globe, OKX’s mission is to remove barriers to wealth creation by offering access to everything the decentralized future holds. With its unwavering commitment to innovation, OKX envisions a world of financial inclusion for all through the power of crypto and decentralized finance.

For more information, visit okx.com

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Does it pay to hodl?

okex trading bots okb

Earning Interest with BlockFi

We’ve come a long way from the beginning of cryptocurrencies. We now have the option to HODL crypto in high-yield savings accounts on BlockFi, Coinbase, Gemini, and many others.

BlockFi has solidified themselves as one of the best crypto interest earning products available. At the time of writing this you will earn 4.5% APY on $BTC and the highest is 9.5% on $USDT.

Hold OKEx OKB and earn big

We’ve partnered with OKEx to create exclusive promotions for our community. Although we’re biased to active trading, we know there’s more than one method to increase your crypto portfolio. 

This time it pays to hodl.

It’s simple. When you hold 20 $OKB for only 7 days, you earn 15% interest. That’s it and best of all it’s deposited directly to your account in $OKB. 

As an active trader you can use $OKB to reduce your trading fees while deploying active OKEx trading bots across their markets. The more OKB held, the lower your trading fees–up-to a 40% reduction. You also get access to other programs and features on their platform when you hold their token.

To participate, login to your OKEx account and simply follow the link below:

Terms & Conditions apply. 20 OKB required, level-1 KYC required, one-time use, offer expires 31/12/2020, other terms and conditions may apply. See official OKEx promotion page for additional information.

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Cryptocurrency Exchange Comparison – Features and Benefits

How to Find the Best Cryptocurrency Exchange for You

Choosing the best cryptocurrency exchange platform is no small task. There are now more than 100 from which to choose; many of them aren’t available to everyone and, they all vary considerably in terms of features and functionality.

To help you choose the exchange that best suits your needs, let’s review the basics of how exchanges operate, their fundamental differences and why choosing the right one is important to investing success.

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