25 billion trades worth $21 trillion in 2021: OKEx

OKEx is one of the top five crypto exchanges in the world in terms of trading volume in both the spot and derivatives segment. The platform, which has over 20 million users in over 100 regions globally, listed 220 new crypto pairs during the year.

The crypto exchange also said that OKEx Earn, a fixed deposit type product, saw over $5.1 billion in assets staked and locked by users, and over $314 million in passive income paid out. Gone.

On the forecasts for 2022, OKEx.com believes that the crypto market will enter a phase of continuous growth in 2022.

On the rise of non-fungible tokens, the company said that NFTs will be an exciting place to look. “We can expect more brands to join the NFT party to increase customer engagement and create new revenue streams for their brands. Artisans will realize the importance of a digital marketplace for their artworks that is revenue-eating. completely eliminates the middlemen,” the company said in a release.

OKEx also said that stablecoins will form a dominant position in investors’ cryptocurrency portfolios in 2022.

A stablecoin is a digital currency that is pegged to an underlying asset such as a national currency such as the US dollar or a precious metal such as gold.

“They will not only act as a store value but will serve as a vital asset to beat inflation. “We will see the rise of stablecoins with more crypto companies launching their stablecoins to provide investors with much needed diversification,” said Jay Hao, CEO of OKEx.

On cryptocurrencies, the platform said that due to regulatory clarity and other key economic factors surrounding the financial markets, the market can expect a bullish momentum in Q2 2022.

Furthermore, as the crypto industry develops and investors gain more knowledge about crypto assets, OKEx believes that we will see more investments in specific coins that are related to the blockchain that are decentralized finance (decentralized finance). DFI) play an important role.