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Flash News – OKX provides business updates for week ending August 12, 2022

August 13, 2022 11:09 AM EDT

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VICTORIA, Seychelles, Aug. 13, 2022 (GLOBE NEWSWIRE) -- The week ending August 12, 2022 has seen OKX offer new APY bonuses for Savings users, introduce high-APY rewards for FTM and FLOW staking, delist a handful of perpetual swaps, add USDC spot pairs, introduce USDC Flash Deals for users in Turkey and introduce its Smart Gain offering on OKX Earn.

New APY bonus offers available for Savings usersA new APY bonus will be available for a selection of Savings Product from August 16th, 2022.The bonus is as follows:

CryptoBonus limitAPY
USDT2,00010%
BTC0.015%
ETH0.25%

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

Win up to 22% APY with FTM and FLOW Staking

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

FTM and FLOW Staking rewards:

CryptoProductTermTotal Subscription LimitIndividual LimitAPY
FTMStaking15 Days4,550,000 FTM5,000 FTM20%
FLOWStaking15 Days550,000 FLOW1,000 FLOW22%

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

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

Perpetual swapsDelisting date
LONUSDTAugust 16, 2022
EFIUSDTAugust 17, 2022
BTMUSDTAugust 18, 2022
WNCGUSDTAugust 19, 2022

OKX launches USDC Flash Deals exclusive to Turkey

OKX Earn launched Flash Deals exclusive to Turkey on USD Coin (USDC) on August 10th, 2022.

Staking crypto: USD Coin (USDC)

CryptoTermTotal Subscription LimitIndividual LimitAPY
USD Coin (USDC)7 days3,000,000 USDC2,000 USDC15%

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 spot trading markets.

OKX Earn launches Smart Gain

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

Smart Gain offers fixed-term investment solutions with auto profit-taking features. Users can invest BTC or ETH to obtain stable returns between 3% to 20% APY with Smart Gain. If the spot price of the invested crypto reaches "profit-taking" price on the maturity date, Smart Gain will secure your profit by converting your principal and interests into USDT automatically.

For further information, please contact:[email protected]

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Source: OKX


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