The leading crypto exchange, OKEx has announced the listing of two more tokens on its spot trading platform. Users on the platform can now start trading and also withdraw Flamingo (FLM) and Rio Fuel (RFUEL) tokens, which were earlier part of the OKEx Jumpstart Mining program.
Apart from the listing, OKEx has also announced a two-day RFUEL Deposit and Trading Contest with a prize pool worth $100,000. Both RFUEL and FLM are leading projects in the DeFi sector aiming to overcome the limitations posed by conventional blockchain protocols to widespread adoption of decentralized financial solutions. Their respective missions are in-line with OKEx’s own – providing the unbanked with access to financial services using DeFi.
In a statement, CEO of OKEX Jay Hao said, “While DeFi is on everyone’s lips, OKEx does not pay lip service. The DeFi space needs solid infrastructure construction. Thus, we are happy to see more participants working hard and smart on DeFi applications. We are willing supporters of DeFi and have welcomed over 50 DeFi tokens to OKEx.” Further adding, “As an industry explorer, it’s our duty to support the development of DeFi and provide a broader stage for high-quality DeFi projects.”
Along with spot trading, OKEx has also launched FLM/USDT margin trading and savings feature along with USDT-margined Perpetual Swap for FLM. The feature went live on September 29, 2020, to be accessed over Web, App and API. As a part of the launch, OKEx is offering zero transaction fee FLMUSDT perpetual trading for both taker and maker for one month.
OKEx has published detailed information about FLMUSDT Perpetual Swap, Margin Borrowing Position Tiers and Business Rules for Savings at the following link – https://www.okex.com/support/hc/en-us/articles/360050289671