We are in a world of rapidly increasing innovations, and as new inventions unfold every day, there is a need to keep in mind that more discoveries are still to be made. It is an utmost necessity for you to stay updated and also keep up with the latest trend so that you don't become obsolete.

Now that the world itself has shifted from what it was some centuries back to a new level, virtually everything is currently going digital. It seemed impossible some years back, but as of today, the digital currency has come into existence. Everyone is familiar with the physical currency, which is in constant circulation worldwide. But now, those currencies have evolved to the digital phase, where you don't have to see them physically, but then they exist, and you can spend them just like the physical ones.

Cryptocurrency reduces cost of transactions
 
Digital currency (popularly known as cryptocurrency), has brought so much convenience and particularly it ensures that transactions are kept discreet - by making it easy to carry out financial transactions without a broker. It has also solved the problem of inter-mediation cost. Ordinarily, when you perform online transactions, you get to pay a compulsory processing fee to the financial institution that you use. This makes transactions a little more expensive.

Everyone wants convenience, and that is why there is a continuous rise in the level of usage of Cryptos. And by 'usage,' I mean trading. Relative to when it came into existence, there is now increasing use of cryptocurrency, and as such, crypto trading is on the rise, and it continues to evolve every day.

Crypto is gaining wide acceptance

Crypto Trading has a lot of benefits, and it has the potential to change the whole financial environment. One of the most in-use cryptocurrency is Bitcoin. As of today, there is approximately 18 million Bitcoin in circulation all around the world, so imagine how many more are in circulation (taking into account other Cryptocurrencies).

Those who invested and started trading with cryptocurrency as soon as it came into circulation have reaped the rewards and are still reaping it up till today. The same is going to happen for those who start cryptocurrency today. The whole digital currency atmosphere can become overwhelming and too cumbersome to handle. Well, that is just as a beginner. Once you have familiarized yourself with the basics and how the whole thing works, your next step is to decide now which trading site you will be using.

Tokenai is a digital currency contract trading site. With Tokenai, trading has gotten even more straightforward. You can perform all your crypto trading on this platform because it has an excellent interface, which also makes it easy for new traders to understand. Asides simplicity and ease-of-use, security is also critical. Digital currencies are not physically visible, so you need a platform where there is an unwavering level of security; which is what Tokenai offers.

Getting started on Tokenai

So 'how do I get started?' You may ask, well, it is as simple as you have imagined it. Preferably, on your mobile, open the BFA app (Blockchain Financial Application), and you will see two call-to-action buttons pop up. You will click on 'Signup' and it will take you to a page to fill out a simple sign up form.



Fill the form with the right information, and you will have to input your mobile number, as a verification code will be sent to it. After getting the verification SMS, click on the 'Sign up' button that is displayed below.

You will get a 'Registration success' message, and it will take you to your account page. Easy just like that!



On Tokenai, there is also a demo account for users through which users can go there to see how different cryptocurrencies are fairing in the market. This gives the users an insight into how the trading will look like. One exciting thing about Tokanai is that you don't only get to trade. They also provide regular news and updates on every happening in the cryptocurrency space.

When it comes to cryptocurrency trading, you need a platform that offers simplicity, ease-of-use, and more importantly, safety and security. Tokenai encompasses all these attributes on their platform, and it is one of the very best to go with, you will not regret that choice.



All further information at: http://www.tokenai.com

OKEx has revealed how the arbitrage opportunities it’s giving customers on its platform are giving customers strong returns on the investment, and making trading derivatives even easier.

Recognized as one of the world’s biggest cryptocurrency exchanges, by volume, according to Coinmarketcap, Malta-based OKEx is now providing its millions of users around the globe with a ‘one-stop shop’ for them to trade spot, margin and derivatives in one place.

What’s more the platform has been demonstrated to provide a solid yield for customers over a seven-day period.

Thomas Tse, Head of Quantitative Strategy at OKEx, said this simplified the customer experience and helped customers keep all of their trades on one platform.

“With the offering of both spot, margin, and derivatives trading at one spot, OKEx provides users a world-class marketplace which opens the doors to a lot of arbitrage opportunities, saving you the hassle of withdrawing funds from a derivatives exchange to another spot trading platform, also the extra time and costs from blockchain transactions,” he said.

Writing on the OKEx blog, Mr Tse used an arbitrage opportunity between a spot margin trading interest rate and a perpetual trading fund rate, as an example.

In the example he demonstrated how over a week-long period customers could gain 1.66 per cent on their initial investment.

Basing the trade on a transaction using Tron (TRX) and Tether (USDT), Mr Tse demonstrated how customers could hypothetically generate the return.

The first step is to borrow $1,000 of TRX using $1,000 USDT as the margin. From there you sell two-thirds (or $666) of TRX for USDT.

Then using the remaining $333 of TRX as swap margin, you would buy 66 TRX contracts.

Using this example Mr Tse showed how with $1,000 USDT capital, you could expect a seven-day yield of around 1.66 per cent, or around 575 TRX.

While he outlined there were risks to this type of funding rate arbitrage, he made it clear that customers should conduct their own research before engaging in trades.

But he said that if handled properly you could increase the yield with a number of improvements to the strategy.

“Do not hold any positions. Instead, borrow TRX and open position before swap settlement. Then, close the position and repay TRX as soon as possible after receiving funding amount from settlement,” he said.

“Increase both the short order size at margin trading and the leverage level at perpetual swap trading, in order to increase the overall effective leverage.”

Source of article: https://www.coinpogo.com/okex-opens-doors-to-arbitrage-opportunities-on-its-platform/

The system recently introduced by OKEx to balance risk and reward for its investors has so far proven a huge success for the exchange and its customers.

Earlier this year, and to combat the volatility in the derivatives market, OKEx introduced an enhanced risk management system.

The new system features three main components:

1. Mark price.

2. A tiered maintenance margin ratio system, that avoids the liquidation of large positions and the knock-on effect liquidation would have on overall market liquidity.

3. Forced partial liquidation – this stops a large number of liquidated orders having an impact on the overall market.

When customers trade derivatives on the platform, and when their position is at risk the new system means they will be liquidated closer to the bankruptcy price, allowing users more opportunity to stay solvent and recover from the risky positions.

Now, more than six months since elements of the system were introduced, OKEx can report there have been zero clawbacks.

Risk and reward

An OKEx spokesperson said the move demonstrated the best service for investors and made OKEx the go-to choice for anyone wishing to trade derivatives.

“We introduced this new system to strike a better balance between avoiding early liquidation and to maximize traders’ benefits. Developing a robust decentralized crypto marketplace where everyone can trade freely in a fair manner is something that has always been our mission,” they said.

The new system means customers can have more confidence in their trades, and allows them to benefit from using a higher effective leverage.

The fact that there have been zero clawbacks since the system was introduced means OKEx’s insurance fund has grown steadily.

What this means is that the plan to balance investor risk and reward has proven successful for the exchange.


OkEx’s Token OKB Lists on Bitfinex

OKEx on the menu?

While this is great news for investors who use the platform, there’s potentially more good news for the exchange in the days ahead, with OKEx executives expected to be chosen to appear alongside TRON CEO Justin Sun at billionaire investor Warren Buffet’s annual charity ‘power lunch’.

Sun bid a record $4.6 million for the lunch, and is expected to choose representatives from the world’s leading exchange to accompany him to meet Buffett, and talk business, blockchain and crypto.

Sun is looking to tell crypto-sceptic Buffett about the power of blockchain, and having executives from OKEx at the event on July 25, may help convince the legendary trader of the benefits of crypto.

Source of article: https://www.asiacryptotoday.com/okexs-risk-management-system-offers-perfect-balance-in-risk-and-reward-for-investors

OK Jumpstart is a platform to give world-class blockchain projects the boost they need to send them to the moon.

Developed by the world’s second-biggest exchange – by volume – Malta-based OKEx, since OK Jumpstart launched it has helped four leading projects with initial exchange offerings (IEO).

Its latest project is UK-based Wirex, a Financial Conduct Authority (FCA) regulated project that is working to integrate the old-style world of bricks and mortar banking with the digitally-driven banking and finance systems that dominate the industry today.

The project has been seen as leading the way on innovations in the space, conceiving the world’s first crypto debit card and first bitcoin reward programme.

Plus, the team have secured a partnership with top 12 project Stellar. The partnership means Wirex users can spend and exchange Stellar’s native XLM token using Wirex, giving the popular currency instant real-world value.

Pre-sale IEO

Earlier this week, Wirex launched its IEO pre-sale, in which verified users of the Wirex platform could buy WXT tokens for the first time.

The WXT tokens will provide them with various benefits, including savings and discounts on fees for using the platform, access to a patented money back scheme offered by Wirex called Cryptoback, and later in 2019, full access to a range of premium services such as concierge service, access to airport lounges, offers and early access to the latest updates and developments Wirex makes to its platform.

Pavel Matveev, Wirex CEO, said the OK Jumpstart had helped his business to grow.

“WE BELIEVE THAT THE NASCENT TOKEN ECONOMY WILL EVENTUALLY REPLACE CONVENTIONAL FIAT CURRENCY AS THE DOMINANT FORM OF PAYMENT,” HE ADDED:

“THE WIREX TOKEN HELPS US INTEGRATE WITH THE PAYMENT ENVIRONMENT OF THE FUTURE AND OFFERS USERS A CONVENIENT, FAST AND COST-EFFICIENT WAY TO MOVE DIGITAL MONEY ACROSS BORDERS.”

A spokesperson for OK Jumpstart said they were excited to work with Pavel and his team and to see how the business would develop moving forward.

“OK JUMPSTART WAS SET UP TO HELP REALLY GOOD QUALITY BLOCKCHAIN PROJECTS TAKE THEIR EFFORTS TO THE NEXT STEP AND TO HELP PROPEL THEM TO GLOBAL SUCCESS. THE PROJECTS WE SUPPORT THROUGH OK JUMPSTART HAVE TO SHOW GREAT QUALITY AND PROMISE, SOMETHING THAT WE BELIEVE WIREX HAS IN ABUNDANCE. WHAT THEY ARE TRYING TO DO IS REVOLUTIONIZE THE WAY WE DO BANKING.”

Source: https://www.bitcoin-original.com/wirex-joins-ok-jumpstart-programme-to-boost-project-and-offer-ieo-pre-sale/