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OKX launches UAE crypto exchange, with stablecoins to 'drive wave of adoption'
OKX, one of the largest crypto exchanges in the world, has launched a platform for institutional and retail investors in the UAE, as the market is experiencing a bullish trend. The exchange is optimistic that stablecoins will help bridge crucial financial service gaps in emerging markets such as the Emirates, its president Hong Fang said. Stablecoins are a type of cryptocurrency pegged to a fiat currency and tend to be less volatile unlike Bitcoin, where wild swings are influenced by simple factors such as tweets. Seychelles-based OKX expects clear and robust regulations, such as those announced by the UAE, to create ... (full story)
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- Posted: Oct 10, 2024 11:47pm
- Submitted by:Category: Crypto Industry NewsComments: 0 / Views: 125
