Flash News – OKX provides business updates for the weekend


VICTORIA, Seychelles, Aug. 13, 2022 (GLOBE NEWSWIRE) — The week ending August 12, 2022 saw OKX offer new APY bonuses to savings users, introduce high APY rewards for FTM and FLOW staking, remove a handful of perpetual exchanges, add USDC spot pairs, introduce USDC flash offers for users in Turkey and introduce its Smart Gain offer on OKX Earn.

New APY bonus offers available for savings users
A new APY bonus will be available for selected savings products from August 16, 2022.
The premium is as follows:

Crypto Bonus limit APY
USDT 2,000 ten %
BTC 0.01 5 %
ETH 0.2 5 %

Taking USDT as an example, the first 2,000 USDT subscribed by the user can enjoy a fixed 10% APY regardless of whether their assets are successfully lent out or not.

Earn up to 22% APY with FTM and FLOW Staking

OKX launched FTM and FLOW staking on August 12, 2022.

FTM and FLOW Staking Rewards:

Crypto Product Term Total subscription limit Individual limit APY
MTF Staking 15 days 4,550,000 MTF 5,000 MTF 20 %
TO FLOW Staking 15 days 550,000 FLOW 1,000 FLOW 22 %

OKX removes perpetual swaps for LON/EFI/BTM/WNCG

In order to improve market liquidity and improve the overall user experience, OKX delisted several low-liquidity perpetual swaps. The details are as follows

Perpetual exchanges Cancellation date
LONUSDT August 16, 2022
EFIUSDT August 17, 2022
BTMUSDT August 18, 2022
WNCGUSDT August 19, 2022

OKX Launches Turkey-Exclusive USDC Flash Deals

OKX Earn Launched Turkey-Exclusive Flash Deals on USD Coin (USDC) August 10, 2022.

Crypto Staking: USD Coin (USDC)

Crypto Term Total subscription limit Individual limit APY
USD coin (USDC) 7 days USDC3,000,000 $2,000 15 %

OKX launches USDC trading pairs

OKX is pleased to announce the listing of: ETC/USDC、NMR/USDC、AZY/USDC、YFII/USDC、HBAR/USDC、TORN/USDC、STX/USDC、TRB/USDC、NYM/USDC on our markets at cash.

OKX Earn launches Smart Gain

OKX Earn officially launched its Smart Gain product in August 4, 2022.

Smart Gain offers fixed term investment solutions with automatic profit taking features. Users can invest BTC or ETH to get stable returns between 3% and 20% APY with Smart Gain. If the spot price of the invested crypto reaches the “take profit” price on the expiration date, Smart Gain will secure your profit by automatically converting your principal and interest to USDT.

For more information, please contact:
[email protected]

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