Cryptocurrency exchange OKEx decided to launch aP2P digital trading platform to exchange digital assets and fiat currencies, like the Chinese yuan. The exchange will provide trading safety by “market maker model”. That means, when a trader places an order, market maker becomes a trading counterpart of a client, which reduces the risks for both buyer and seller. Besides, market makers will be carefully selected by the OKEx team.
According to OKEx financial market director, Lennix Lai, the digital trading platform will provide better service for its clients around the world. The cryptocurrency exchange plans to become a global exchange to provide Bitcoin Cash, Ethereum (ETH) and Ethereum Classic (ETC) contracts for clients. On Friday, futures trading starts.
Remember, Chinese cryptocurrency exchange Huobi expressed its willingness to launch P2P digital trading platform. It has recently stopped services for bitcoin due to China’s authority’s ban.