OKEx Will Restore Crypto Withdrawal Services By November 27

OKEx will restore all crypto withdrawal services by November 27 according to the latest announcement that we have in today’s crypto news.

The users of the crypto and derivatives exchange OKEx can rejoice now as the platform announced the resumption of crypto withdrawals. The latest announcement means that OKEx will restore the services and users will be able to withdraw their assets after the platform suspended the services on October 16. The suspension on withdrawal was set in place as a new measure to protect the users’ funds after the involvement of one of the private key holders in a public security bureau investigation. In this whole period, other features of the platform were working perfectly. Jay Hao, the CEO of OKEx said:

“ We are extremely pleased to be able to announce the return of a full service for our users and would like to thank them for their continuous support during this difficult time. We apologize for the inconvenience caused and know that we must continue support during this difficult time. We apologize for the inconvenience caused and know that we must continue to work diligently to restore their confidence.”

OKEx was maintaining 100% of the reserves and this practice will continue to last so the users will be able to withdraw all their funds at any time that they will desire. Now, with the services on the verge of being restored entirely, OKEx is trying to launch a user loyalty program as a symbol of goodwill for more benefits for the customers. Hao added:

 “Offering loyalty rewards is one small way that we can give back to OKEx users but we assure them that we will continue to uphold our commitment to excellence, innovation, diversity of service, and the safety of user assets, which has always been our first and foremost priority.”

We're pleased to announce @OKEx will reopen withdrawals by Nov 27, 2020. We are committed to building more high-quality products and enhancing the overall user experience for everyone in the #OKFam.

Reward campaigns coming soon. Stay close!

Details: https://t.co/Xc5vrUQF40

— OKEx (@OKEx) November 19, 2020

In the meantime, the company will continue developing and will continue to launch innovative products and add more support for new tokens in order to meet the needs of their trading community. As per the recent news, The OKEx token or OKB, increased by 11% thanks to the rumors that the founder of the exchange will be released from custody. But does this mean that the withdrawals will resume? This is still unclear. OKB, the native coin of the OKEx exchange, increased by 11% today after the rumors surfaced that the authorities in China released the founder of the platform- Mingxing Xu.