Founded in 2022, OKEx is a centralized cryptocurrency commutation based in Seychelles. Co-ordinate to CoinGecko, OKEx is the world's 3rd-largest cryptocurrency brokerage, with most $12 billion in trading volume inside the past 24 hours. The substitution lists 312 coins and 518 cryptocurrency trading pairs.

It's often hard for new cryptocurrency enthusiasts to navigate the complex globe of trading and finance. OKEx seeks to bring such sophisticated trading methods to everyday users' disposal by providing a simple interface. During an exclusive ask me annihilation (AMA) session with Cointelegraph Markets Pro Users, OKEx staff discussed trading tools, financial regulation, the OKExChain (OEC) blockchain, meme coins, and DeFi offerings on the OKEx platform.

Cointelegraph Markets Pro User: How can someone benefit from bots / API [Application Programming Interface] trading with no coding experience? Does OKEx have whatever partnerships fully integrated?

OKEx Staff: TLDR [Too Long, Didn't Read], y'all do NOT demand to have whatsoever coding experience to automate trades with the trading bot on OKEx. We arrive actually easy for you lot to fix the trading bot up — information technology'due south integrated into the OKEx trading dashboard. You can basically go fully automatic by choosing the AI option and just setting the order amount in Tether (USDT) or y'all can manually set your parameters, including the upper and lower toll limits, for the asset you want to trade.

So the bot is essentially an auto-trading tool with pre-set parameters. Trading bots can maximize profit potential, especially in times of a range-traded marketplace. And then with a trading bot, like the one we have on OKEx, information technology will be more profitable if the market you choose goes upwardly (selling), so downwards (ownership), then up, down, etc., rather than just upwardly, upward, upwardly. The trading bot on OKEx is bachelor for all spot trading pairs, which ways you can buy and sell Ether (ETH), in and out of Bitcoin (BTC), for example. A trading bot video tutorial is coming soon! Next week, likely, merely here's the written tutorial. And hither's what it looks like in the user interface (UI). You don't need to [take] API/coding experience in society to execute such a powerful and automatic strategy.

OKEx trading interface | Source: OKEx

Trading bot profit and loss | Source: OKEx

CT Markets Pro User: How do y'all call back the Republic of india crypto ban volition touch the crypto space?

OKEx staff: I call back, for Republic of india, the regulator would like to have a more comprehensive framework in regulating crypto instead of banning it. History told u.s.a. when crypto is allowed and regulated — information technology can fifty-fifty be stronger. The India ban is unlikely to have any major impact on the market. Crypto has get quite resilient to such news developments over the past couple of years.

CT Markets Pro User:Cryptocurrencies have a pretty high beta [volatility]. Do you guys use the same fiscal model (i.e., Black Scholes) equally stocks to price crypto derivatives?

OKEx staff: Our selection market uses the Black Scholes model to compute marking cost (fair value of the specific contract). And for take chances direction, we are using a Bridge-like scenario stress-tester (like the Chicago Mercantile Exchange) to calculate the maximum loss of the client's portfolio.

CT Markets Pro User:I recently heard [of] some developments with the OKExChain. What's going on with that?

OKEx staff:Yes, the rumors are true! [The trading chain] Information technology's called OEC. The mainnet was launched this summer. A trivial fleck near OEC: information technology'due south an EVM [Ethereum Virtual Machine] uniform public blockchain that uses Cosmos / Tendermint architecture. OKEx has been quietly developing OEC for several years to arrive as robust as possible and to address the blockchain trilemma. As opposed to being an Ethereum clone, it's being built from the ground up. For more in-depth info on OEC, you can read this, but it'southward not light reading.

CT Markets Pro User:What is the OKEx DeFi Hub? What products and services are currently offered and the best staking opportunities?

OKEx staff:  DeFi is a new mode on OKEx. Yous tin can toggle betwixt the "Exchange" and "DeFi" modes on okex.com or in the app. Information technology's basically like a bridge between the worlds of CeFi and DeFi — OKEx brings DeFi to you in one cohesive interface. First of all, you don't take to accept an OKEx business relationship to use the DeFi mode. You connect your Web three.0 wallet, yous can track wallets and see all your DeFi assets in one place. At the moment, the DeFi mode (which launched this fall) currently consists of our very own NFT marketplace, GameFi center, and dashboard, where you tin view all of your decentralized assets, including your NFTs. Only there's more than coming presently! OKEx provides a bespoke Web 3.0 wallet that yous can conveniently use via the browser extension (Chrome or Firefox) or directly in the OKEx app. Currently, staking, savings and yield-farming offers are only bachelor on OKEx Earn via our centralized platform. That'south all I tin can say for now.

CT Markets Pro User: I'd appreciate your views on multi-billion dollar meme coins and whether they serve as a viable source of inflow to crypto, or are they ticking time bombs prepare to destabilize the market if and when they pop; pregnant, is there truly room in a rational crypto market for these coins?

OKEx staff: Practiced question! Yes, meme coins are definitely interim as gateways for non-native crypto investors/traders due to their accessibility. There is a definite possibility of these coins sliding sharply in the future, only I wouldn't become then far as to say they can destabilize the market at this point. Their speculative nature is out there for all to know, and these coins don't have themselves likewise seriously, which means investors are somewhat aware of the risks. Moreover, the acme meme coins, such as DOGE and SHIB, have actually cemented themselves reasonably well by now. We really did an episode on meme coins on our podcast. Here is a link to that for the full discussion.

CT Markets Pro User: How does OKEx integrate with the play-to-earn games?

OKEx staff: At the moment, the GameFi center on okex.com is a play-to-earn game aggregator. Then you can find all the latest and most popular blockchain games there. You can easily filter by blockchain network and nosotros feature games on over 20 different networks, including games exclusively built on OEC (the public blockchain developed past OKEx, which I explained to a higher place). Each game listed on OKEx GameFi has its ain folio that tells you all about the game, the toll history of the in-game avails and other central info. Nosotros too include the link direct to the game'due south site so y'all can get play it — about play-to-earn games are played in-browser. Hither'south a fun spacey game congenital on OEC.

CT Markets Pro User:How would you compare\contrast Okex with, say, Coinbase? What makes OKEX stand out in a earth with so many exchange choices?

OKEx staff:OKEx is an avant-garde trading platform that offers derivatives (options, futures, perp swaps), trading bots, margin trading and a vast number of tokens. Plus, we recently launched a DeFi mode with decentralized offerings, such as NFTs and crypto games, and a handy dashboard to manage all your DeFi assets. Our line of services, ranging from highly liquid trading markets to staking/farming options, are aimed at catering to traders and investors of all levels.

Other than the DeFi mode, the trading bot mentioned before and our new portfolio margin mode are a couple of examples of how we continue to push forrad with services and tools that facilitate [the success of] crypto market participants. OKEx is the outset platform to offer true portfolio margin with multi-currency collateral risk starting time — this is a huge plus for professional traders trading large portfolios, specifically options/other crypto derivatives because it lets them heavily reduce margin requirements.

CT Markets Pro User:Where do y'all see the total crypto market cap going in ane year, five years? What market place segment is undervalued right now? Identity? Meta? Layer one?

It's hard to say any exact numbers, but it seems similar the charts go upwards and to the right! Withal, market participants will practise well to keep tabs on monetary policy changes in the next year. Personally, I retrieve that Spider web 3.0/digital identity/metaverse projects are undervalued compared to where they (or at least some) will be in a few years. We talked a lot nigh this with some keen guests on terminal week's episode of our podcast.

Disclaimer: The following marketplace predictions were made earlier of the onset of news of a novel coronavirus variant negatively impacted capital letter markets worldwide on Nov. 26. They may not exist applicable in the current environment and should not exist regarded as investment advice.

CT Markets Pro User: Do you guys think that [Bitcoin price] $69 chiliad was the top? Is there still a chance for another alt season in the next couple of months?

OKEx staff: $69 thousand is the acme or not is a affair of time frames, in my opinion. On-chain metrics, such equally exchange flows and balances, point that the concluding all-fourth dimension high ($69 thousand) is very unlikely to be the top for this cycle. That beingness said, BTC is also not probable to motility straight up, even if nigh metrics are bullish. This is because of the way the market has matured and the increasing diversity of market participants equally well. Matured in the sense that there is a difference in marketplace composition from 2022 to 2022 and 2022. A lot more than "serious" investors and institutional involvement and futures from CME, for example, and the commutation-traded funds (ETFs).

The bigger a market place gets, the slower it moves and the less volatile it becomes. Yet, the next few months, specially Q1 2022, should be interesting to observe equally we may see this bullish bike extend into the next year instead of catastrophe in December. If that happens, we will definitely see some other alt flavor.

I retrieve we are already starting to see something of a meme season/metaverse season at the moment. Evidently the news from Facebook going all-in with the metaverse spurred on that side of things, but the decentralized metaverse is definitely seeing new capital arrival. In my view, the marketplace cycles through sectors; for instance, we are currently seeing metaverse trending but could see other lagging categories beginning catching up as long as BTC remains bullish/doesn't slide as well sharply. More often than not, if the market looks potent, everything is going to rise sooner or later. We tin see there is a consequent inflow from institutional money. Equity balance on institutional menstruation is steadily increasing. Hard to tell with regards to buying Ethereum, though, since they trade everything and all have different types of strategies.

The BTC exchange net position modify metric, for case, is still not showing signs of the current price, or the last ATH [All Time Loftier], being a summit like the one we saw in May.

Bitcoin internet trading position change | Source: OKEx