There has been a change in rankings for the leading cryptocurrency exchanges. The leader so far, Binance, has just dropped a position and became the second largest cryptocurrency exchange, handing the throne to OKEx.
According to Bloomberg, the Malta-based OKEx overtook the market leader Binance. However, the CEO of OKEx, Chris Lee, did not actually celebrate the news. Instead, he left his position in order to “start a new life”.
Anyways, the OKEx turnover recently reached over $2 billion in trades in the past 24 hours alone, outpacing Binance which has been the world’s largest exchange for around 4 months.
There are many different reactions to both the situation and Lee’s move. Some people are even pointing to fake allegations – coming from OKEx parent operator OkCoin which had previously been embroiled in a scandal over fake trading volume.
Still, Lee’s move does not align with the good news for OKEx and many people think that the entire situation needs further elaboration from his side.
Meanwhile, Binance became more profitable than Deutsche Bank this year- which means that OKEx looks good on the horizon and may even break this record. For now, we only know that the exchange is among the fastest growing online trends.
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