The OKOIN project is no exception, when the long-term stability of the whole crypto market is impossible and this volatile market decides what companies will survive and what will not. The pursuit of immediate profit of some OKOIN holders may not affect the coin rate in the best way when it is listed on exchanges. In other words, as soon as the token enters the open exchange, many people will want to sell it to earn in the short term. Then long-term mechanisms will get into the game, and here it is the very moment when you can earn much more than when the token enters the exchange.
On the date of last updating this review (2 January 2020), OKCoin’s 24 hour trading volume was USD 1.7 million. This placed OKCoin on place no. 124 on the list of the exchanges in the world with the highest 24 hour trading volumes. On the date of last updating this review (2 December 2021) the 24-hour trading volume was more than USD 58.7 million, according to Coinmarketcap. This means that this exchange has grown sizeable in the past 20 months, as the 24-hour trading volume was USD 4.45 million on 5 March 2020. USD 58.7 million is, however, still not a very impressive 24 hour trading volume if you compare it to its global competition. Suppose you discovered Bitcoin in 2010 and invested in it at a price of $0.10 per coin.
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First of all, it is due to the constant needs of the users of the VR OKO platform, the VR Casino OKO platform and other Internet services of a similar focus (websites and stores of VR Technology partners) that uses the OKO Pay payment system. When “investors” get a double profit and exit the project, once the ICO end, it is a problem. We will do our best to prevent such a situation with OKOIN. We hope that our community is interested in the development of the project, like us, and together we can give a balanced answer to this question. Many holders of OKOIN (as holders of Ethereum, Bitcoin, Litecoin, Monero ….) want to predict the market movement to sell high and buy low.
Before talking about profitability, we will give an insight of a scientific part. Liquidity is determined by the ability of the market to sell or buy an asset at a price close to the market price. At the same time, the faster the transactions with assets are, the more accurately their market valuation is, and as a result, the asset is more stable in the long term, but more volatile in the short term. OKCoin is one of the largest fiat-to-crypto trading platforms in the world. If you bought OKOIN in the early stages to get high returns in the future (and not for its intended use), then your bet was to increase your investments when the token enters the exchange.
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The team behind the OKoin exchange is very experienced. The most recent addition to the group is Hong Fang, who was announced as Chairman of OKCoin and Chief Operating Office of OK Group on 24 September 2019. The exchange then also stated that Ms. Fang, in her capacity as one of OKCoin’s early investors, was the perfect candidate to drive the global expansion of OKCoin while also overseeing operations at OK Group. And, moreover, only 35% of tokens are issued, we also have a stabilization fund.
In 2013, the exchange reportedly got millions of US dollars of angel investments from VenturesLab, co-founded by the globally recognized Tim Draper, who invested in leading companies such as Hotmail, Baidu, and Tesla. In early 2014, the exchange reportedly received a 10 million US dollars investment from China’s famous venture capital fund Ceyuan and Longling Capital, owned by the founder of the Hong Kong listed company Meitu (01357.HK). We will not https://cryptolisting.org/coin/okoin work with figures for speculators, using traditional methods for this. There is so much money in pump and dump schemes and fake projects that the whole industry looks like just a quick way to earn easy money. For example, if you invested $100, now you would have 1000 bitcoins worth $20 million. However, if you look at things realistically, you have to admit that as soon as the investments increase by 10 or 100 times, the desire to exit is ENORMOUS.
Looking now at the past events, it’s easy to think that you would most likely have decided to keep your cryptocurrency up to 2017 till the price of $ 20,000. However, being realistic this was unlikely to happen. It’s impossible to predict the future, but you can be sure that there is a relationship between liquidity and long-term growth, the benefits of which many cryptocurrency market players can not yet appreciate. A virtual trading platform for adult products and services.
Millions of offers from thousands of vendors without retail margins. OKCoin offers both wire transfers and credit cards as deposit methods. This makes OKCoin an “entry-level exchange” where new crypto investors can take their first steps into the thrilling crypto world. Also, OKCoin does not charge any withdrawal fees at all for withdrawing BTC. This is a strong competitive edge in the market and distinguishes OKCoin from most other top crypto exchanges. So, if you are a trader that requires high trading volume from your next exchange, then maybe you should think twice about choosing OKCoin.
That does not differ much from the basic stock market principles. We’re pleased to share that we’re cooperating with the FTX and Alameda bankruptcy estates to return US $8.2 million in frozen assets relat… All of the foregoing are of course implemented to ensure maximum security.
- This is a strong competitive edge in the market and distinguishes OKCoin from most other top crypto exchanges.
- At the same time, the faster the transactions with assets are, the more accurately their market valuation is, and as a result, the asset is more stable in the long term, but more volatile in the short term.
- OKCoin offers both wire transfers and credit cards as deposit methods.
- On the date of last updating this review (2 January 2020), OKCoin’s 24 hour trading volume was USD 1.7 million.
- This placed OKCoin on place no. 124 on the list of the exchanges in the world with the highest 24 hour trading volumes.