OKEx traders can now leverage OKB on Constant – Constant
In 2018, Malta-based OKEx exchange boasted a daily trading volume of US$1 billion, placing it as the second-largest exchange in the world.
Many attribute OKEx’s rise to their accessibility. The OKEx exchange boasts significantly cheaper transaction fees than competitors (0.3–0.15%). It also offers a platform that runs smoothly on a wide range of hardware.
Constant, a secured P2P lending platform, is another company pushing to make their industry more accessible. They are already the fastest-growing P2P lender in SE Asia and have matched over US$3,000,000 since their launch in early 2019.
“Our P2P lending service has been immensely popular,” said founder Duy Huynh. “I think we really touched an underserved market when we started offering our crypto-backed loans. With Constant, people set their own rates and terms and are fully collateralized so there are no lengthy credit checks. We offer a lot more flexibility.”
Constant is now offering their lending services to holders of OKEx partner OK Blockchain Foundation’s global utility coin, OKB. OKB holders can use the Constant platform to unlock the liquidity of their tokens with peer to peer loans.
If you have OKB, all you have to do to qualify for a loan is go to the Constant website and open an account. From there, simply deposit your tokens as collateral in a secure escrow account and choose an interest rate. The Constant system will pair you up with an investor who agrees to the rate and you’ll then receive your loan.
“OKEx is one of the most important exchanges in the crypto industry right now,” added Huynh. “By proximity to OKEx, lots of people are bullish on OKB. We are proud to add extra utility to the token besides simply on-platform exchanges.”
By using Constant to leverage their holdings, OKB holders can free up liquidity for margin trading or diversifying into other assets. They also are supporting a P2P platform helping add value to the crypto world by making competitive loans more accessible to the community.
About OKEx
OKEx is a world-leading digital asset exchange, providing advanced financial services to traders globally by using blockchain technology. OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Our BTC futures trade has nearly $1.5B of volume daily and is widely recognized as the gold standard for the industry.
About Constant
Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world.
Published at Tue, 26 Nov 2019 04:32:27 +0000
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