OKEx Exchange Adds Support for Tether (USDT) Trading

OKEx, the Hong-Kong based derivatives exchange from the team behind Chinese Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading giant OKCoin, has announced the addition of support for Tether (USDT) trading to its platform.

The company notified its clients: "As one of the most popular digital asset exchange in the world, OKEx’s vision is to offer a diversity of trading pairs to our clients and deliver outstanding services though our state-of-the-art trading infrastructure. OKEx is therefore pleased to support USDT and to provide our clients with an alternative for cryptocurrency hedging and/or arbitrage."

USDT is a digital asset based on the Omni Layer Protocol issued on the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term. The most distinctive feature of USDT is that it is backed by fiat currency - each USDT represents one US dollar and it is redeemable by holders upon request through the Tether platform.

In addition to its established offering, Tether recently announced that it will launch tokenized US dollars on the Ethereum blockchain as well. This was done in partnership with Ethfinex, a trading hub for Ethereum-based projects and a spin-off of cryptocurrency exchange Bitfinex.