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March was a record-breaking month for the crypto market and exchanges. OKX (www.okex.com), the world’s largest cryptocurrency spot and derivatives exchange, topped the derivatives market in March, according to the Exchange Review March 2020 report by CryptoCompare, the global leader in digital asset data. With month-on-month volume increased to $161 Bn, OKX has demonstrated steady growth in the past months.
“The crypto market has been undergoing an unprecedented time, particularly the recent bitcoin slump and the global impact brought by the coronavirus. Given the drastic changes in consumers’ internet browsing behaviors, we observe their investment strategies and portfolio are showing new patterns,” said Jay Hao, CEO of OKX. “Our team has started to investigate and study the new set of data, so as to get prepared for the future. I think exchanges need to re-evaluate the market, and it will be a new stage of the game when the current storm is over.”
Crypto exchanges hit an all-time-high in daily transaction volume of $53 Bn on 12 March 2020, the day when the bitcoin price crashed. According to a tweet of Hao, the trading platform processed approx. 300k orders/sec during the volatile period and the trading service was delivered stably. What’s more, OKX also claimed to maintain a record of zero clawback throughout the market crash.
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About OKX
Media contact:
Vivien Choi
Email: [email protected]
Telegram: @vivienchoi
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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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