OKEx has recently launched a new service which is targeted at helping its users make good use of their various cryptocurrency while they HODL. The new service offered by the exchange is referred to as the OKPiggyBank.
Earning Daily Interest With OKPiggyBank
According to the press release announcing the service, OKPiggyBank will help the exchange users “earn daily interest using their spare digital assets”.
OKPiggyBank which is currently in its beta testing stage will only be available to a selected group of testers. Once the testing phase is over, the service can then be accessed through the ‘Account’ tab on the user interface of the trading platform. The announcement also made it known that the service is expected to be available to all users of the platform soon.
Based on the released report, OKEx users will have the opportunity to transfer assets between their OKEx account and the OKPiggyBank as many time as they want, and this will be done in real time and without a minimum limit. Following the transfer of coins to the OKPiggyBank, users can start recording interest from the second day. Rewards will be credited on the third days. The ‘Auto Balance Transfer’ function will enable the automatic transfer of the balance in the wallet to the OKPiggyBank once activated.
Supported Coins
The new service is reported to only support tokens listed on
OKEx’s spot margin trading.
This includes the following:
*.Bitcoin (BTC)
*.Ethereum (ETH)
*.EOS
*.XRP
*.Tether (USDT)
*.Litecoin (LTC)
*.Ethereum Classic (ETC).More coins are expected to get added soon.
OKEx’s Head of Operations, Andy Cheung has expressed his delight regarding the launch of the service. He made this known in a statement which reads:
“We always strive to provide greater value to our users and offer them access to a much wider range of convenience and rewards. With the launch of this new service, users can better manage their assets and also enjoy stable returns regardless of market volatility.”