OKEx Cryptocurrency Exchange to List Hedera Token (HBAR)

OKEx, a Malta-based cryptocurrency exchange revealed it will be listing Hedera Token (HBAR), the native altcoin of Hedera Hashgraph, a decentralized public blockchain network on its platform before the end of September. This according to an OKEx blog post, September 11, 2019,

HBAR Going Live on OKEx Spot Market

Per the blog post, OKEx will list HBAR to its spot market with HBAR/BTC, HBAR/USDK, and HBAR/USDT pairs on September 17, 2019, at 4:00 (CEST, UTC+2) and users of the digital currency exchange will be able to deposit and withdraw HBAR on September 16, 2019, at 4:00 (CEST, UTC+2) and September 24, 2019, at 4:00 (CEST, UTC+2), respectively.

The team says OKEx sets a high standard during its listing review process, and it considers the project’s quality in terms of business model and structure, legal qualifications, promotion, among others.

In addition, it takes every possible measure to ensure that projects listed on its platform deliver real-life use cases and bring in market liquidity.

Hedera Hashgraph Gaining Traction

OKEx also outlined that Hedera Hashgraph has recently stolen the spotlight in the blockchain community due to its robust technology and governance model.

Hedera’s technology is fair, swift, and secure, and at open access the technology will provide services for cryptocurrency, file service, smart contracts, and the impending launch of the Hedera Consensus Service, OKEx stated.

Andy Cheung, Head of Operations at OKEx noted that Hedera and OKEx have a common goal of creating a trusted, safe, and fair digital future for everyone in the cryptospace through the development of neutral, open-access infrastructure.

Cheung further remarked that Hedera Hasgraph is a powerful, enterprise-grade ledger technology and as such, it is a major step forward in mainstream adoption DLT.

Edgar Seah, Head of Asia Pacific for Hedera Hashgraph said OKEx’s focus of listing projects with real use cases is in line with Hedera Hashgraph’s belief that providing developers with easy access to cryptoassets is essential for the development of blockchain platforms.

Seah said:

“Hbars plays a crucial role in the function, growth, and security of the Hedera network, and it is important that they are available to those who wish to use or create applications on the network.”

Earlier in May 2019, BTCManager informed that Hedera Hashgraph has begun the second testing phase of its public distributed ledger by the developer community and individuals to ascertain the network’s capability.

On August 13, 2019, the Hedera Governing Council welcomed new members including IBM and Tata Communications