If you are into cryptocurrencies, you are most likely registered with an account on one or more cryptocurrency exchanges. The most popular and famous exchange currently is Binance, closely followed by exchanges such as Bitfinex, Kraken, Poloniex, and Bittrex. But, if you want to follow the trends, you should pay close attention to OceanEx.
The OceanEx exchange is a part of the Vechain family, and it has some very interesting trading pairs that you cannot find elsewhere. If you earn VTHO tokens (VeThor) with your VET tokens (Vechain), then the only place to trade them currently is at the OceanEx exchange. Here you can trade the VTHO tokens with USDT, VET, and BTC.
But, OceanEx is much more than just VTHO trading. The most popular trading pair is the USDT/BTC pair, followed by the VET/USDT and the VET/BTC pairing, followed by ETH/USDT and the ETH/BTC pairing. Now, this might not feel very revolutionary, but it is worth noticing that OceanEx is a very transparent exchange, and they are well known for their strong anti-wash-trading policy. In other words, the trades you see here are actual trades made by bots and real people, and the volume is real volume based on real trades.
100,000,000 USDT volume in one day
Yesterday (November 5th) was a joyful day to may fans of OceanEx and the OCE token. For the first time, the exchange surpassed a 24-hour trading volume of 100,000,000 USDT. That is a big milestone in the life of a crypto-exchange, and if the cryptomarkets keep recovering, this is a volume that is most likely to grow steadily.
It is also interesting to notice that there are lots of other projects available on OceanEx that you cannot find elsewhere. This is a consequence of it being a part of the Vechain network, meaning that other projects in the same family are likely to end up on OceanEx before they get elsewhere. Currently, the Jur Project is a very interesting project with tokens available on the OceanEx exchange. But, what is Jur all about?
Jur empowers companies, lawyers, and other professionals to create and use smart legal contracts for their daily business. Jur also allows anyone to build a jurisdiction on the blockchain to offer quick, affordable, and fair dispute resolution. (source: jur.io)
Currently, there is a competition available where traders can guess which car will be sold using the Jur project as the first car sold using blockchain ever in the legal process. Isn’t that cool? This might be another project with a future, simply because it has the potential of being used by mainstream lawyers and others.
To take part in the competition above, you need to follow the Jur Project on Telegram and on Twitter, and you need to have a registered OceanEx account (as the reward will be deposited to your OceanEx account). If you haven’t registered at OceanEx yet and would like to register, click the link beneath to visit the OceanExchange.
- Visit the OceanEx exchange and register an account (or to keep on trading).
- If you want to make a guess for the first car sold on a blockchain, fill in these forms.
The future of cryptocurrency exchanges
The world of cryptocurrencies is developing and changing. 2016 was the year of Poloniex, 2017 was the year of Bittrex, 2018 (and 2019) has been the years of Binance, but who knows, maybe OceanEx will become one of the leading exchanges in the coming years. They have a solid background inside the Vechain family, they have a delightful design and some awesome trading pairs.
And if we speak of interesting trading pairs and the future, then it is easy to understand that the OCE token (the OceanEx official token) will increase a lot in value as the exchange itself keeps growing. If you own more than 2000 OCE tokens (currently that amount has a value of appx. 5 USD), you can enjoy a 20% discount on the standard trading fee of the exchange. If you keep more than 200,000 OCE tokens on your account, you will be entitled to a 35% trading fee discount. If you own more than 2 million OCE tokens, the trading fee will be even smaller, and the craziest whales with more than 50,000,000 OCE tokens in their wallet will get a 90% discount on the OceanEx trading fees.
- You can read more about the OceanEx discounts and tradings fees here.
Once at the page, select Fees, and there you will read more about the fees and the discounts available.
What are the trading fees at OceanEx?
If you do not own any OCE-tokens and you just trade and have fun, then the maker fee and the taker fee is 0,1%, much similar to other popular markets. But, if you own quite some OCE tokens, this fee can get as low as 0,01%.
Is OceanEx an exchange only for Vechain enthusiasts?
I can clearly saz that OceanEx is an exchange for Vechain enthusiasts. But, it would be very wrong to say that it is only for Vechain enthusiasts. I like the exchange because of its design, how easy it is to use, its regular competitions and give-aways, and because they have very good support and interesting trading pairs.
What do you think? Have you used OceanEx yet? Are you a fan? I would love to hear your thoughts!