OKB value soared on Tuesday after OKX launched a brand new copy buying and selling characteristic in its ecosystem. The token surged to a excessive of $32.5, the best stage since Could 2021. It has surged by greater than 231% from its lowest level in 2022. OKB has been one of many best-performing cryptocurrencies within the trade.

OKX copy buying and selling characteristic

OKX is likely one of the largest crypto exchanges on this planet. At its peak, the corporate served thousands and thousands of consumers from world wide. It describes itself because the second-biggest trade on this planet by quantity.

OKX has achieved this progress by means of quite a few initiatives. For instance, it companions with main groups like McClaren Racing and Manchester United. It additionally sponsors well-known athletes like Daniel Ricciardo and Ian Poulter.

In an announcement on Tuesday, OKX stated that it had launched a duplicate buying and selling software in its web site and apps. The service makes it attainable for folks to repeat trades from different skilled professionals in its ecosystem. It may be utilized by each skilled people looking for to diversify their revenue.

Inexperienced merchants can even use the service to earn cash with out doing the true buying and selling. In an announcement, Haider Rafique, the CMO of OKX stated:

“Within the final 12 months we’ve added quite a few options that make it simple for brand new merchants to comply with or study from different profitable merchants on the platform. Advancing social buying and selling to incorporate copy buying and selling now provides extra utility to the neighborhood of merchants obtainable to anybody on OKX.

Copy buying and selling just isn’t a brand new expertise. It was initially launched by eToro, a number one participant within the monetary providers trade. It has then been embraced by main foreign exchange and CFD brokers. OKX is the primary crypto trade to undertake the expertise.

OKX is doing properly

Knowledge reveals that OKX is doing higher than different crypto exchanges. Its complete belongings have rise to greater than $7.2 billion, making it the third-biggest trade after Binance and Bitfinex. Coinbase just isn’t listed by DeFi Llama. 

Additional, it has seen inflows prior to now few months. Its complete inflows rose by $44 million prior to now 24 hours and by $67 million prior to now 7 days. All these components clarify why the OKB token has accomplished higher than most cryptocurrencies prior to now few months.