The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (December 2018) (Learn how and when to remove this template message)
This article needs additional citations for verification. (December 2018) (Learn how and when to remove this template message)
|Industry||Digital Asset Exchange|
|Tim Byun (CRO) |
Andy Cheung (Head of Operations)
Lennix Lai (Financial Market Director)
Number of employees
On July 30, 2018 a trader reportedly bought bitcoin futures with a $416 million notional value on margin, before being forced by the exchange to liquidate his position at a large loss. The exchange injected 2,500 Bitcoins - worth about $18 million at current prices - into an insurance fund to help minimize the impact on clients. However, to cover for the outstanding amount, traders who had made an unrealized profit during the previous week still had to pay a clawback rate of 17 percent, a so-called "socialized clawback".
- Kepler Finance https://kepler.finance/investment-opportunities/companies/okex. Retrieved May 28, 2019. Missing or empty
- Tan, Andrea. "Another Giant Cryptocurrency Exchange Is Moving To Tiny Malta". Bloomberg. Retrieved August 11, 2018.
- Lam, Eric. "OKEx CEO Resigns Just as Crypto Exchange Becomes World's Biggest". Bloomberg. Retrieved January 8, 2019.
- Robertson, Benjamin; Tan, Andrea; Nakamura, Yuki (August 3, 2018). "Bitcoin Whale's Bad Trade Leaves Counterparties Holding the Bag". Bloomberg. Retrieved August 3, 2018.
|This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it.|