DUBAI, United Arab Emirates, June 21, 2023 (GLOBE NEWSWIRE) -- OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 21, 2023.
OKX Offers Users a Chance to Win Pepe Tokens by Trading on P2P Marketplace
OKX has launched a new campaign that rewards users who trade on its P2P Marketplace with a chance to win a share in over two billion Pepe tokens (PEPE). OKX's P2P Marketplace is an open, peer-to-peer marketplace that allows users to buy and sell digital assets such as Bitcoin, Tether and other cryptocurrencies with 900+ local payment methods and 100+ currencies.
The campaign begins on June 21 at 00:00 (UTC+8) and ends on July 4 at 23:59 (UTC+8), and is open to the first 1,400 users who complete a first-time deposit and trade on OKX's P2P marketplace.
There are two tiers of rewards for this campaign:
- Tier-one rewards: New users who buy at least 50 USDT worth of cryptocurrencies on OKX's P2P Marketplace and have a total trading volume of more than 500 USDT in futures or spot will receive 1.5 USDT worth of PEPE.
- This reward tier is limited to 1,000 winners.
- Tier-two rewards: Existing users who buy at least 100 USDT worth of cryptocurrencies on OKX's P2P Marketplace and have a total trading volume of more than 5,000 USDT in futures or spot will receive 2.5 USDT worth of PEPE.
- This reward tier is limited to 400 winners. Only existing users who have never traded on the P2P Marketplace prior to this campaign are eligible for rewards.
PEPE celebrates the essence of online communities and taps into the collective force of internet culture by linking the Pepe the Frog meme with cryptocurrency.
OKX Announces New Features for Futures and Perpetual Contracts
OKX has implemented three new features for futures and perpetual contracts. These new features, which were added to the platform on June 19, 2023, are aimed at optimizing the position-closing process and providing users with greater flexibility and efficiency.
The first feature eliminates the amount limits for closing limit/market orders in Hedge mode. This allows users to place closing orders more efficiently, without any restrictions on the amount of the closing order.
The second feature eliminates the amount limits for closing take-profit (TP) and stop-loss (SL) orders in Hedge mode:
- Users can now set multiple TP/SL orders, with each order being equal to their position size without being limited by other orders.
- When the market reaches the trigger price, the trading system will place a closing order based on the TP/SL amount and automatically cancel limit/market orders that exceed the user's position size.
The third feature allows users to modify their TP/SL orders anytime, anywhere. Users can easily modify the current TP/SL price, amount and other important configurations without canceling and replacing the current orders. To learn more, click here.
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OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform's latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.