OKEx Wins “Crypto Exchange of the Year” at Malta Blockchain Awards

Malta-based cryptocurrency exchange OKEx has won the title of “Crypto Exchange of the Year” at the first annual Malta Blockchain Awards. The decision was made by a panel of 32 judges, made up of industry leaders and executives in the blockchain industry. The award was presented during a ceremony held at the Malta Blockchain Summit 2018. Crypto exchanges Binance and Bitbay were among the finalists.

OKEx’s head of operations, Andy Cheung, expressed his excitement in a recent press realease.

“These awards are particularly gratifying as they reflect a vote of confidence from industry leaders, who recognize our ongoing efforts,” Cheung said. “Like we said, we dare to innovate and will keep pushing the limits of what is possible.

Cheung continued:

“Receiving this honour is truly a testament to our unrelenting effort in making changes in the crypto and blockchain industry. We never stop innovating to create the best user experience, to build a robust ecosystem, to improve the crypto industry, and above all, to revolutionize our world with blockchain technology. As a leader, continuing to improve the ecosystem is not only our promise, it is also our responsibility.”

About OKEx Exchange

OKEx exchange was founded in 2017 and offers a range of digital asset trading services, including token trading, futures trading and an index tracker. The exchange is widely considered one of the safest crypto platforms on the market, and currently offers trading for over 400 tokens. The global exchange serves millions of customers from over 100 countries, and is currently ranked the third-largest exchange by daily trade volume.

In an effort to improve platform security even further, OKEx announced in August that it would no longer allow withdrawals by unverified users. The new policy went into effect on August 28th, likely coming as a blow to many Chinese traders who were relying on anonymous withdrawals due to tightening regulations from federal regulators in the region.

In mid-October, OKEx followed suit with popular Huobi exchange in listing four new stable coins:  TrueUSD (TUSD), USD Coin (USDC), Gemini Dollar (GUSD)and Paxos Standard Token (PAX). In the wake of controversy, OKEx also announced during that same month that it would be delisting Bytecoin due to critical technical issues with the coin that had been left unaddressed.