Digital asset marketplace OKEx says that trading in crypto is rocketing while Bitcoin jumps to new highs and Ethereum rises. In a note from a representative, OKEx points to the total crypto market cap topping $1 trillion only to correct, erasing $140 billion or 24% from Bitcoin alone during Monday trading.
During this period of heightened volatility, OKEx says it experienced its highest turnover ever. OKEx states that during a 24-hour period trading volume of BTC futures on the platform reached over $23 billion, with aggregated daily volumes of $30 billion, and open interest standing at $2.2 billion.
Jay Hao, CEO of OKEx, lauded the ability of his marketplace’s ability to keep pace with the volume:
“While some major exchanges failed to keep the pace with rising demand, the record trading activity on OKEx was enabled by our robust infrastructure, deep liquidity and market depth, and order matching engine. We’re extremely pleased to be able to offer uninterrupted services to our users and look forward to registering new highs in the near future.”
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