OKEx C2C loan guarantee now supports adopted OKB token with lowest interest rates in the industry

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VALLETTA, Malta, July 23, 2020 / PRNewswire / – OKEx (www.okex.com), one of the world’s leading spot currency and derivatives exchanges, adds support for OKB, its adopted global utility token, to be used as collateral in C2C loans. OKB can now be deposited as collateral with Bitcoin (BTC) and Ether (ETH). Users can borrow USDT by promising OKB a zero service charge by taking advantage of the minimum interest on the loan, which is as low as 0.01% per day, currently the lowest in the industry. Typical daily rates elsewhere are around 0.1%.

On the subject, the CEO of OKEx Jay hao said, “OKB is continuously focused on expanding its application scenarios, and we are happy to offer cardholders the option of taking out loans using OKB at the lowest rates. In addition to this, OKB has partnered with Aeron’s Pilot Shop, allowing holders to purchase goods and services with the global utility token adopted by OKEx. We welcome Aeron to the OKB ecosystem, providing OKB holders with a bridge between crypto and physical goods and services. “

OKEx offers flexible loan plans

By pledging OKB, BTC, or ETH, OKEx users can borrow USDT on OKEx’s C2C loan marketplace without any service charges. A single loan can be as low as 200 USDT and up to 1 million USDT with a borrowing period of seven to 90 days, meeting the needs of most users in terms of loan size and duration.

As for the lenders, if the borrower repays the loan early, they can still benefit from 50% of the unmatured interest income. This makes it an attractive alternative to traditional savings accounts which currently have interest rates close to zero.

OKB integrated into the Aeron Pilot Shop

In addition, the OKB ecosystem continues to expand. From July 16, OKB has been integrated with Pilot Shop, powered by Aeron, giving OKB holders the ability to purchase flight sessions, aviation merchandise, branded merchandise and even their own helicopter at the Aeron Shop. .

Founded by a team of certified pilots, aviation engineers and aviation enthusiasts, Aeron uses blockchain technology to improve safety in the aviation industry. It also offers flight training, air taxis, sightseeing tours and aviation-related products that customers can now pay for in OKB through its online store.

About OKEx

A global leader in the cryptocurrency and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and cover the risks. We offer spot and derivative transactions – including futures, perpetual swaps and options – of major cryptocurrencies, giving investors flexibility in formulating their strategies to maximize gains and mitigate risk.

Disclaimer: This document should not be taken as the basis for making investment decisions, nor should it be construed as a recommendation to engage in investment transactions. Trading digital assets involves significant risk and may result in the loss of your invested capital. You should make sure that you fully understand the risk involved and take into consideration your level of experience, your investment objectives and seek independent financial advice if necessary.

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SOURCE OKEx

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