When can OKEx conduct fiat currency trading (Is OKEx fiat trading legal?)
When can OKEx conduct fiat currency trading? When can OKEx conduct fiat currency
When can OKEx conduct fiat currency trading? When can OKEx conduct fiat currency trading?
According to the official announcement from OKEx, bitcoin and ethereum deposit services were opened on May 18, 2018 at 16:00 (HKT), and fiat currency trading market was opened from June 14th to June 16th. As of mid-August 2019.
According to the information displayed on the OKEx official website, as of now, seven types of cryptocurrency trading pairs, including bitcoin and ethereum, are supported for deposit and withdrawal services, as well as the fiat currency trading market. The details are as follows:
1. Users can conduct real-time trading analysis through the platform’s spot account or margin funding.
2. Generate coin/stablecoin index prices and add liquidity through the contract tools provided by the platform, realizing long and short trading strategies.
3. After completing lending assets or market making, transfer the coin to the specified investment account and use leverage to obtain price difference income, avoiding the risk of liquidation.
4. Help investors choose the most suitable investment strategy through the platform’s financial products.
5. When purchasing digital currency with the euro, you will receive an electronic invoice to the buyer, but the payment amount will be calculated in US dollars.
7. Launch a trading system to ensure that users will not suffer losses.
Is OKEx fiat trading legal?
According to monitoring data from the third-party data rating agency RatingToken, fiat trading on OKEx is being illegally used to a certain extent. Therefore, its legal status and relevant issues are worth paying attention to. If necessary, please contact the official customer service for verification to ensure that the information you provide is true and valid.
In addition, RatingToken also conducted investigations and studies on BitMEX: Does it provide buying and selling services for security tokens? Is the exchange’s fiat currency trading legal? If not, does it violate the “investment contract” provision stipulated in Article 13 of the “Financial Commodity Trading Regulations”?
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