Crypto exchange OKEx is developing its own Blockchain and decentralized exchange

Cryptocurrency exchange OKEx is developing its own blockchain and decentralized exchange, according to a blog post published on March 22.

Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expects to put out a testnet in June of this year. OKChain will also serve as the base for OKEx’s decentralized exchange.

Apart from that, the post states that OKEx’s native utility-token OKB will be put onto the ERC-20 blockchain by the end of April, and will be migrated to the OKChain mainnet once the OKChain becomes stable. OKB will reportedly also be used for token pre-sale.

In February, OKEx launched support for Thai baht-crypto trading on its client-to-client platform, with only Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin (LTC) being traded with the Thai baht on the exchange’s peer-to-peer platform.

Also read: CEO of leading U.S. derivative market CME Group: Bitcoin’s finite amount is a challenge for regulators

Source: https://cointelegraph.com/news/crypto-exchange-okex-is-developing-its-own-blockchain-platform