OKEx Exchange Announces Bitcoin Cash and TRON Margin Trading

Kevin O'Brien

The Hong Kong-based OKEx cryptocurrency exchange opened up margin trading for Bitcoin Cash (BCH) and TRON (TRX) this week.

A Tweet and subsequent blog post on January 8th announced the availability of BCH margin trading on the platform, while the same announcements came on January 9th for TRX.

 

 

TRON saw a significant price surge this month after an announcement that  BitTorrent’s BTT token would be launched on Binance Launchpad. The file sharing platform was purchased by the TRON Foundation last year.  

As of press time, the cryptocurrency holds the ninth position on the crypto by market capitalization list, while Bitcoin Cash remains at number five, according to CryptoCompare.

New Spot Margin Trading On OKEx

OKEx has also launched spot margin trading for BCH/USDT and NCH/BTC with (3x Leverage), as well as spot margin trading for TRX/USDT and TRX/BTC with (3x Leverage).

The exchange announced that both BCH and TRX were supported by the OK PiggyBank, which gives users the ability to collect interest from spare tokens they put into a shared fund. This new initiative was launched late last year after a month-long beta testing period. Other supported cryptocurrencies include bitcoin, Litecoin, Ether, EOS, XRP, and USDT.

OKEx to Support Ethereum Constantinople Hard Fork

CryptoGlobe reported a few days ago on the support by OKEx and Huobi Global for the upcoming Ethereum Constantinople hard fork upgrade. Constantinople is set to go live between January 14th and 18th and will aim to improve the Ethereum blockchain’s overall efficiency.

The exchange will be taking a snapshot of all accounts at block height 7,080,000, where developers for Ethereum have chosen to activate Constantinople. OKEx customers have been asked to deposit their ETH tokens on the trading platform for the exchange.