Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet

OKEx Ups the Leverage Ratio

Hong Kong-based OKEx increased the margin trading leverage for the best performing trading pairs in the exchange. Trading pairs BTC/USDT, ETH/USDT, ETH/BTC, BCH/USDT, BCH/BTC, LTC/USDT, LTC/BTC, ETC/USDT, ETC/BTC, EOS/USDT, and EOS/BTC can now be leveraged up to 5x. The adjustment was made as a response to market demand, reads the exchange’s announcement.

Under the 5x leverage, if the risk ratio is equal to or exceeds 125%, the trader has the option to transfer out the surplus balance from their margin account. The 3x payout scheme remains the same in which when the risk ratio is on the 150% level or higher, the surplus held can be transferred out.

OKEx traders will be informed when their portfolio’s risk ratio dives below 120%. And if it hits 110% or lower, forced liquidation will be prompted.

Binance DEX Reduces Issue and List Fees

Malta-based Binance cut down token-related fees on the testnet of its DEX. The alteration was subsequent to a proposal authorized by validators. The new fees are 1,000 Binance Coin (BNB) for Issue and 2,000 BNB for List. Aside from the two changes, other fees on the platform are unaffected.

20 addresses, each will receive 200 BNB from the Testnet faucet, can be registered by each participant. Participants can amass enough funds in aggregate to execute Issue or List actions.

Binance also informs DEX testers of the CLI proposal update and of the four-hour wait for each proposal before voting results will come out.

By the way, Twitter was lit with a discussion of whether the Binance undertaking was a DEX or not. Binance CEO, Changpeng ‘CZ’ Zhao, wrote, ‘Don’t call it a DEX,’ rather, ‘call it an exchange.’

Binance Coin

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33.05 USD -2.79%
0.00383600 BTC -0.42%
Volume, 24h
273,325,063 USD
0.00%
Marketcap
4,665,690,424 USD
1.7%
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