Indeed, This is a great news for crypto world. I think this may bring positivity in the market and effect the price of the coins. I wish to have a great success.
Topic: OKEx Crypto Trading Giant Launched Crypto Exchange-Traded Fund (Read 102 times)
so bluntly speaks that for investor to need to wait a long run sure is pain in the ass, traders will indecisive for putting an investment to that and wait for year or so to make profit
and by the fact that people sentiments are only transient.
and by the fact that people sentiments are only transient.
In market there is lots of coins are there after few days later many coins are coming in the market also big company also wants to build their own coins like facebook so there is very important issue about crypto so OKcoin is new in the market let’s see its benefits how much its effective for profit and facilities.
The Okex company brings out the Ok coin which has many potentials in it. It will provide a good amount of facilities to its customer. Their main motto is to bring good results to the long term investors.
The OKEx is a cryptocurrency trading giant which is launched by OKcoin and they are launching a crypto exchange trading fund. For this they have become the latest in the cryptp industry. It will allow the long term investors to provide automated diversification and passive trading management.
Crypto exchange traded fund launched OKEx is latest and very useful to crypto market. HB10 plays a great role from their debut. Both OKEx and HB10 are not totally different. OKEx is the upgrade version of HB10.
The crypto trading giant, OKEx launched by OKCoin, has now become the latest in the crypto industry to launch a crypto exchange-traded fund. This new launch has come just after Huobi’s HB10 debut.
According to the announcement on Tuesday, the new product is named as OK06ETT (OK06 Exchange-Traded Tracker). It will allow investors to track OK06 Index including BTC, ETH, LTC, BCH, EOS and OKB (OKEx’s token). Therefore, the fund will trade against a dollar-pegged token USDT issued by crypto startup Tether.
The new product OK06ETT is designed by OKEx for long-term investors to provide automated diversification and passive trading management.
Noticeably, this crypto index fund announcement has come just days after the Huobi Singapore based crypto exchange declared its first crypto exchange trade fund. On Friday, Huobi announced its new investment option called HB10. Therefore, the new product is the replacement for Huobi 10 index. Recently, Huobi poached former OKEx CEO Chris Lee just days after his resignation.
Like Houbi’s ETF policy, the new product of OkEX is always available to retail investors eligible to trade on its exchange. Moreover, it also sets the maximum investment approximately $100. On the note, it has applied a restriction rule to exclude participants from Hong Kong. At present, the crypto EFTs in US counterpart is not still allowed in the country and thus there is not standpoint on the matter by Hong Kong market regulators.
According to the announcement on Tuesday, the new product is named as OK06ETT (OK06 Exchange-Traded Tracker). It will allow investors to track OK06 Index including BTC, ETH, LTC, BCH, EOS and OKB (OKEx’s token). Therefore, the fund will trade against a dollar-pegged token USDT issued by crypto startup Tether.
The new product OK06ETT is designed by OKEx for long-term investors to provide automated diversification and passive trading management.
Quote
“To bring satisfactory return to traders in long-term and also to satisfy traders’ needs of diversifying their portfolio. It tracks OK06ETT index as the benchmark because of its comprehensive and representable features. A fully-replicated passive trading managing method is adopted to minimize the error”.
Noticeably, this crypto index fund announcement has come just days after the Huobi Singapore based crypto exchange declared its first crypto exchange trade fund. On Friday, Huobi announced its new investment option called HB10. Therefore, the new product is the replacement for Huobi 10 index. Recently, Huobi poached former OKEx CEO Chris Lee just days after his resignation.
Like Houbi’s ETF policy, the new product of OkEX is always available to retail investors eligible to trade on its exchange. Moreover, it also sets the maximum investment approximately $100. On the note, it has applied a restriction rule to exclude participants from Hong Kong. At present, the crypto EFTs in US counterpart is not still allowed in the country and thus there is not standpoint on the matter by Hong Kong market regulators.
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