OKX addresses OKB's recent market volatility with a decisive airdrop compensation plan for affected users. Discover the eligibility criteria and how OKX is bolstering user confidence through strategic risk management adjustments and support measures.
MiyukiOKX Exchange plans to compensate users after a 48% flash crash in its token (OKB), wiping out $6.5 billion. The crash, linked to GBTC's Bitcoin sale and FTX's large GBTC ETF shares liquidation, highlights market volatility. OKX, focusing on regulatory compliance, faces challenges in the ever-fluctuating cryptocurrency landscape.
Cheng YuanOn January 2nd, cryptocurrency exchange OKX disclosed its plans to introduce new measures, aligning with regulations outlined by the UK's Financial Conduct Authority (FCA).
EdmundOKX introduces FCA-mandated rules for UK users, requiring risk assessments through surveys. Aligned with Binance, OKX adapts operations, emphasizing responsible trading amid FCA scrutiny. Industry-wide shifts signify a move towards regulatory compliance and user-awareness in cryptocurrency trading.
Cheng Yuan
Coinlive A New Ecology of the Industry Under Financial Crisis (Abridged Version)
Coinlive The exchange said the issue was caused by a third-party cloud service provider.
Beincrypto
Nulltx
The license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai.
Cointelegraph