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OKX

OKX lists Perpetual Protocol’s PERP plus three more leading DeFi tokens

2021.03.10 OKX Public Relations

Seychelles, March 10, 2021 — OKX (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is highlighting its commitment to providing the most innovative and in-demand digital assets for its global user base by listing Perpetual Protocol’s native token, PERP. Perpetual Protocol is a decentralized protocol that allows for the creation of perpetual contracts for any asset. Popular DeFi-related cryptocurrencies VELO, ALPHA and CFX are also now available for spot trading on OKX. 

PERP deposits opened at 7:00 am UTC on March 10, with spot trading of PERP/USDT going live at 9:00 am UTC on March 10. Withdrawals will be available from 10:00 UTC on March 11. Deposits, spot trading and withdrawals for both ALPHA and CFX went live last week, with VELO deposits opening at 7:00 am UTC on March 8, spot trading against USDT available from 9:00 am UTC on March 8, and withdrawals opening at 10:00 am UTC on March 9.

PERP is Perpetual Protocol’s native asset, issued by Perpetual DAO. As a decentralized protocol using automated market makers, Perpetual Protocol is designed to allow for the creation of a perpetual contract for any kind of asset — from cryptocurrencies to traditional commodities like gold and oil. Traders can enjoy 20x leverage, 24/7 liquidity guaranteed, transparent fees, and quick setups and withdrawals. PERP holders can also participate in staking on the protocol to earn rewards and also guarantee the protocol’s Insurance Fund. 

Velo (VELO) is a decentralized blockchain-based financial protocol designed to provide timely and transparent borderless asset transfers and digital credit issuance for businesses using a smart contract system. Alpha Finance Lab’s native asset, ALPHA, delivers an ecosystem of DeFi products focused on interoperability and other problems existing in the DeFi space, with the goal of providing a safer and more sustainable environment for users. 

Conflux Network’s CFX, on the other hand, is committed to building a high-performance public chain that achieves high transaction throughput without sacrificing decentralization or security.

OKX CEO Jay Hao commented about the recent listings: 

“We continue to preside over so much innovation in the DeFi sector, and we’re pleased to be able to offer these cutting-edge products to our users. PERP’s ability to support virtually any asset tradeable in a peer-to-peer manner unlocks vast potential for users. We’re also encouraged to see the progress made on transaction speed and blockchain interoperability by protocols such as Velo, Alpha Finance and Conflux. We look forward to witnessing rising adoption as the DeFi economy becomes integral to our daily lives.” 

To celebrate the launches of PERP, VELO, CFX and ALPHA, OKX is hosting various limited-time promotions, including the chance to win a share of USDT prize pools or an iPhone 12.

END

About OKX

A world-leading cryptocurrency spot and derivatives exchange, OKX offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Media contact

Email: [email protected]

Vivien Choi
Telegram: @vivienchoi

Andrea Leung
Telegram: @andrea_414

Follow OKX

Twitter: https://twitter.com/OKX
Facebook: https://www.facebook.com/okexofficial/
LinkedIn: https://www.linkedin.com/company/okex/
Medium: https://medium.com/@OKX
Telegram group: https://t.me/OKXOfficial_English

Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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