VICTORIA, Seychelles, Dec. 07, 2022 (GLOBE NEWSWIRE) — OKX, the world-leading cryptocurrency platform, has issued updates for the week beginning December 5, 2022.
OKX Launches Liquidity Loan Pool for Institutional Investors
The OKX Liquidity Loan Pool program for institutional investors has launched and affords eligible VIP users improved capital efficiency and lower risk, with competitive rates.
The program allows institutional investors to improve capital efficiency by utilizing less capital, while also reducing the amount of capital they need to keep on exchanges. Investors also benefit from reduced counterparty risk and a dedicated pool of funds that OKX sets aside to ensure margin availability. Through the program, OKX is also able to offer clearer and more competitive rates.
Find out more about the VIP Loan Pool in this blog post.
OKX Savings users offered new bonus APY
A new 5% APY bonus offer has launched for Savings users investing in OKB. For the first 100 OKB subscribed, users will receive a fixed APY of 5%, whether or not assets are loaned.
For amounts above 100 OKB, OKX Savings will match user assets with actual demand every hour. Asset matching will continue into every next hour until the asset has been fully lent.
Find out more on the OKX Support Center.
For further information, please contact:
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com