Tezos will expand further into Asian markets thanks to the latest listing on the OKEx crypto exchange. The platform announced the listing of Tezos on November 6 so we will find out what this means for the cryptocurrency in the Tezos news now.
The XTZ token is considered as a prominent cryptocurrency on the market with an estimated market capitalization of more than $695 million and ranked as the 21st most popular cryptocurrency. Tezos’s XTZ also has a 24-hour volume of more than $206 and it is expected to further increase in the coming days once it becomes available to the OKEx user base.
The introduction of Tezos on the OKEx platform will be carried out in a phased manner and the deposits were opened at 9:00 UTC followed by the availability of spot trading features against USDT and BTC starting November 7. Once the XTZ trading activity kicks in, the withdrawal feature will be activated the next day. The Head of Operations at OKEx Andy Cheung stated:
“Tezos is a highly respected project with a robust community, and we’re happy to be able to add the value of the XTZ network to the OKEx ecosystem, where we strive to deliver a one-stop-shop for professional and retail traders.”
The listing of Tezos’s XTZ on OKEx means that Tezos will expand on other markets to a much bigger audience and in return, it could increase the adoption of the Tezos network. Tezos was created by a former Morgan Stanley analyst Arthur Breitman and Kathleen Breitman as a smart contract and Dapps platform in order to beat the Ethereum protocol. The tezos protocol can be modified without having to go through a hard fork which will prevent the return of fiascos done by hard forks as we witnessed before.
It makes the platform the perfect fit for decentralized applications backed by long-term upgradability. Tezos passed strict tests in order to guarantee stability and real-world application. Apart from the inclusion of the token, OKEx is also introducing USDT linear futures contract. The XTZ listing and USDT futures trading are just some of the new additions to the OKEx portfolio.
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