OKEx, one of the world’s largest cryptocurrency derivatives trading platforms, and Trading View, a melting pot of the world’s trading community, are joining forces, and building on each other’s strengths.
The collaboration has been confirmed by Jay Hao, the CEO of OKEx
This move could be in response to users complaining of the exchange’s complex user interface as earlier reported by CoinGape.
Trading View—OKEx partnership is Strategic
The decision to partner with Trading View is a strategic.
PARTNERSHIP: Excited to partner w/ @tradingview, the biggest trading community from stock to forex to #crypto, to roll out OKEx trading data – spot & futures (avail. mid-May) trending charts. Order placement to come soon.
— OKEx (@OKEx) April 3, 2020
While Trading View is doing their part in updating the community on the coronavirus scourge, their charts are widely used as they are easy to use and interactive.
They have over 3 million users and on average each spends 16 minutes on the site. This reveals how immersive the platform is for traders.
OKEx Keen on Cementing its Position
In recent times, OKEx has been making strides, cementing its position as the leading trading platform for crypto derivatives traders.
Not only is the exchange ahead of BitMex, a popular derivative platform, but competes with Binance.
Binance has also embarked on an acquisition spree, buttressing their foundation, and making ingress in the crypto derivatives trading space.
Some of the exchange’s acquisition include CoinMarketCap, which was sold for a whopping $400 million and confirmed on April 2, JEX, which is Binance’s Futures trading wing.
A decision that spurred discourse, Lennix Lai, the Director of Financial Markets at OKEx, is urging for patience saying Binance should be given time even though valid questions around CMC’s independence remain unanswered.
1/2 "It was good to see such large M&A deals in the context of a “bearish market in crypto.”
Big players investing back into key infrastructure is healthy for crypto. https://t.co/koqMn3oIjU
— Lennix Lai (OKEx) (@LennixOkex) April 3, 2020
OKEx has been aggressive on the marketing front. Keen on spreading their reach to Europe and North America, the platform now has a global reach.
Their CEO, in particular Jay Hao, has been vocal in Twitter, commenting on topical issues and sometimes tweeting and drawing the ire of competitors.
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Dalmas is a very active cryptocurrency content creator and highly regarded technical analyst. He’s passionate about blockchain technology and the futuristic potential of cryptocurrencies and enjoys the opportunity to help educate bitcoin enthusiasts through his writing insights and coin price chart analysis. Follow him at @dalmas_ngetich