What Does the ICE–OKX Agreement Include?

Under the agreement, the two companies plan to establish a significant technology and data partnership. As part of this collaboration, OKX will provide ICE with real-time price data for crypto assets traded on its platform. One of the most notable aspects of the partnership involves tokenized stocks. In the future, OKX users are expected to be able to trade tokenized versions of stocks listed on the NYSE, along with related derivatives, directly on the platform. This feature is planned to launch in the second half of 2026. Haider Rafique, OKX’s Global Chief Marketing Officer responsible for institutional relations, stated that the foundation of this partnership was laid during a long discussion with NYSE Chairman Jeffrey Sprecher in Atlanta last summer.

“We found strong alignment on the future of tokenized securities, the global expansion of derivatives, and how traditional finance and digital assets will merge.”

Traditional Finance Increasingly Entering Crypto

ICE’s investment in OKX is seen as a clear sign that traditional financial institutions are becoming more deeply involved in the crypto sector. Recently, several major financial firms have begun investing directly in crypto platforms. For example, in November Citadel Securities invested $200 million in the crypto exchange Kraken, valuing the company at around $20 billion. Around the same time, ICE reportedly invested approximately $2 billion in the prediction market platform Polymarket. Michael Blaugrund, an executive at ICE, highlighted how competition in the financial sector is evolving:

“In the future, institutions like Intercontinental Exchange may not only compete with traditional players like NASDAQ or CME. DeFi protocols or super apps could also become part of that competitive landscape.”

OKX Strengthens Its Return to the U.S. Market

The agreement also accelerates OKX’s restructuring and expansion efforts in the United States. The platform recently resumed its U.S. operations after reaching a settlement of approximately $500 million with the U.S. Department of Justice over unlicensed money transmission activities. This move is seen as part of the company’s strategy to build a more compliant and transparent operational structure in the U.S. regulatory environment.

OKX management is reportedly considering relocating up to 2,000 of its roughly 5,000 employees to the United States. This plan aims to strengthen relationships with institutional investors in the U.S. and support the company’s global expansion strategy. Additionally, the development of tokenized stock products is expected to play a key role in OKX’s U.S. growth strategy, helping to bring traditional finance and crypto markets closer together.

Overall Assessment

The strategic partnership between OKX and Intercontinental Exchange is considered a significant development for both the crypto industry and the traditional financial sector. Collaborations focused on tokenized equities and data sharing highlight the accelerating integration between traditional finance (TradFi) and the digital asset ecosystem. According to experts, such partnerships could transform crypto exchanges from platforms focused solely on digital asset trading into broader financial service hubs. The strong rise in OKB’s price following the announcement suggests that investors have responded positively to the news and that new growth expectations are forming within the market.

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The post Why Is the OKB Price Rising? appeared first on Coin Engineer.

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OKX shared the details of its new Jumpstart Mining Event, ZetaChain (ZETA). The event will start on January 30, 2024 at 10:00 UTC. BTC and OKB holders must stake their assets to earn ZETA tokens.

To participate in the OKX Jumpstart Mining Event, you must first have an account on the OKX exchange. If you don’t have an OKX account yet, you can click here to take advantage of the commission-discounted registration link.

What are the Mining Event Rules?

To earn ZETA tokens, you must stake BTC and OKB, the exchange’s native token. The mining event will start on January 30, 2024 at 10:00 UTC and end on February 1, 2024 at 00:00 UTC.

There is no minimum stake amount per person for the mining event, but the maximum BTC amount that can be staked per person is 0.3 BTC and the maximum OKB amount that can be staked per person is 200 OKB.

BTC stakers will have a prize pool of 5,250,000 $ZETA, and OKB stakers will also have a prize pool of 5,250,000 $ZETA.

The ZETA tokens earned after mining will be given to participants on February 1, and token holders will be able to start trading on this date.

Who Can Participate in OKX event?

The OKX Jumpstar Mining Event can be attended by users from South Korea, Turkey, Russia, Ukraine, Georgia, Belarus, Kazakhstan, Uzbekistan, Armenia, Moldova, Azerbaijan, Tajikistan, Kyrgyzstan, and Turkmenistan. In addition, users who wish to participate in the event must complete KYC verification of their accounts.

How to Stake?

Before starting mining, BTC and OKB must be transferred to the OKX exchange account that has been opened and has KYC verification completed.

After completing the asset transfer, you need to go to the Jumpstart option from the Finance tab on the main page and then click on the project you want to participate in to go to the relevant page. Then, going to the event page, you need to specify the asset and amount you want to stake and click on Stake. After completing these steps, you will have started mining!

You can click on Unstake to release your locked BTC and OKB assets at any time. After clicking, your BTC or OKB assets will automatically return to your account.

If you do not unstake early before the mining ends, it will be automatically distributed to your account when the mining process is complete.

What is ZetaChain (ZETA)?

ZetaChain (ZETA) is a blockchain protocol that runs on a decentralized network and supports smart contracts. Also, ZETA is the only public blockchain with smart contracts that can manage assets, data, and liquidity on any network, including Bitcoin and Ethereum. Besides, it is a secure and scalable blockchain network. It allows developers to perform efficient transactions using blockchain technology.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post OKX Announces New Jumpstart Event ZetaChain (ZETA) appeared first on Coin Engineer.

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While the price of Bitcoin fell below the $39,000 levels, the price movement in OKB, the local token of OKX, did not go unnoticed.

OKB fell from $51.73 to $25.10 in just 3 minutes. While this sudden drop created panic among OKB investors, the price quickly rose again and reached $49 in 3 minutes. As of the time of writing, it is trading at $45.93 levels.

Some crypto investors claim that this drop was a manipulation by large investors and that this resulted in large profits, while some investors believe that the drop occurred with large sales and then a quick purchase.

Our team is investigating the recent okb price volatility. We will report to the community later. pic.twitter.com/UI9uPgQfA5

— Star (@star_okx) January 23, 2024

OKB, the local token of OKX, experienced an unusual price movement on January 23, 2024.

The price of OKB fell from $51.73 to $25.10 in just 3 minutes. Also, the price of OKB quickly rose again to $49 in 3 minutes. Besides, some crypto investors believe that the drop was a manipulation by large investors, while others believe that it was due to large sales followed by a quick purchase.

The statement from the CEO of OKX:

“We are aware of the unusual price movement in OKB today. We are investigating the matter and will provide updates as soon as we have more information. In the meantime, we want to assure our users that we are committed to the integrity of our markets and will take all necessary steps to protect our users.”

The post Unusual Price Movement in OKB, OKX CEO Makes Statement! appeared first on Coin Engineer.

To participate in the OKX Jumpstart event, having an OKX account is a prerequisite. If you don’t have an OKX account yet, you can immediately register using this link to benefit from commission discounts.

The event will commence at 09:00 GMT on December 13, 2023, and conclude at 09:00 GMT on December 18, 2023. BTC and OKB holders will have the chance to earn ACE tokens by staking BTC and OKB during the mining period.

The staking process is quite flexible. While there is no set minimum staking amount per person, the maximum staking amount per person is 0.3 BTC for BTC and 200 OKB for OKB. Staking can be initiated or withdrawn at any desired time.

ACE tokens earned post-mining will be available for trading starting at 09:00 GMT on December 18, 2023. Participants must undergo KYC verification and should be from countries outside of East Asia. Users’ stake rewards will calculate based on the number of tokens they earn per minute.

• You can only use BTC or OKB in the funding account for staking.
• The system will automatically transfer rewards to accounts within 2 hours after mining.

Sub-accounts are not eligible to participate in the event.

What is Fusionist?

Fusionist is an independent WEB3 game that offers different player modes using AAA-quality Unity and HDRP technologies. The game minimizes cheating using KCP and flatbuffer protocols and is built on the Endurance blockchain. The Endurance blockchain, EVM-compatible, focuses on scalability, security, and transparency, targeting games and social applications.

The post OKX Announced Fusionist (ACE) Jumpstart Event! appeared first on Coin Engineer.

According to the OKX announcement, the Spot Trading service has now been launched for Fetch_ai (FET) and SingularityNET (AGIX). This new listing news has had a positive effect on the prices of FET and AGIX tokens. After the listing news, FET trades at $0.5413, while AGIX trades from levels of $0.31035.Y

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This development reflects OKX’s continuous efforts to offer its users a variety of current cryptocurrency options. The newly listed altcoins increase the diversity of its platform by offering more trading and investment opportunities to OKX users. This can be considered a step towards wider participation and liquidity in the cryptocurrency market.

OKX Exchange Commission Discount Registration Link

The post OKX Exchange Announces Listing For Two Popular Altcoins! appeared first on Coin Engineer.