SNEAK PEEK
- After a strong quarter, OKX’s OKB and OKT tokens rose in value.
- Liquid Stalking Protocol rewards OKT token holders for holding OKR tokens in staked position.
- OKX claims to be the safest controlled exchange.
The value of the OKB and OKT tokens on the OKX blockchain platform has increased by at least 13 percent after the business announced an 85 percent quarter-on-quarter increase in the volume of all transactions.
As per the CoinMarketCap data, the price of OKB, an ERC-20 token built on the Ethereum blockchain, is shown to have risen by 11.40 percent in the previous 24 hours. The market tracker continued by stating that there are now 60 million coins in circulation, worth $1.81 billion, placing the currency in the 28th place in market capitalization.
According to data compiled by CoinMarketCap, the launch of the Liquid Staking protocol at the start of December made it possible for OKT token holders to earn rewards just by keeping their tokens in a staked position on the OKX Chain network. Also, OKB token holders on the OKEx platform may now engage in the OKEx Earn program to get residual revenue.
Due to this feature and more, the exchange experienced an 85% surge in trading volumes during the fourth quarter of the year. OKX’s OKB and OKT tokens have been rising steadily since then, and the trend will continue soon.
OKX’s latest proof-of-reserves report also showed that the exchange is now holding over $1 billion worth of cryptocurrencies in cold storage, solidifying its position as one of the most reliable and secure centralized exchanges.
In addition to attracting institutional investors, the exchange has forged strategic alliances with some of the crypto industry’s most prominent players, including Binance, Huobi, and BitMEX.With these developments in the pipeline, it looks like OKX is set to make further strides in 2023.