Cryptocurrency Exchange OKEx Adds Support For Raiden, Stellar, Monero

Announcements, News | January 2, 2018 By:

Cryptocurrency exchange OKEx has added support for three new cryptocurrencies – Raiden (RDN), Stellar (XLM) and Monero (XMR) – on its platform. The spot trading, deposit and withdrawal of the three new cryptocurrencies went live last week.

OKEx is the international counterpart to defunct Okcoin, which ceased operations on October 31 because of a Chinese government ban on crypto-to-fiat trading. The company relocated its operations outside of China by launching a P2P trading platform via international affiliate companies. OKEx provides fiat-to-cryptocurrency, cryptocurrency-to-cryptocurrency, and derivatives trading services to global customers.

In addition to RDN, XLM, and XMR, the cryptocurrency exchange also supports a number of other cryptocurrencies, including bitcoin (BTC), ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), DigiByte (DGB), SwftCoin (SWFTC), Ripio Credit Network (RCN), Populous (PPT), OpenANX (OAX), Request Token (REQ), Enigma (ENG), ICONOMI (ICN), and NEM (XEM), among others.

Last month, China-based firm Giant Network Group invested $27.2 million USD into the company, effectively giving it a 10% stake in the cryptocurrency exchange. Giant Network, formerly Shanghai ZT Network, is an online gaming company that has developed many popular games, including Journey, AI Light, Vainglory, Arcade: Three Kingdoms, and others. The company is listed on the Shenzhen Stock Exchange and has a market cap of more than 75.5 billion yuan ($11.4 billion USD).