Why can’t Okex borrow coins (Okex cannot borrow coins)
Why can\’t Okex borrow coins? According to the official website of Okex, if a us
Why can’t Okex borrow coins? According to the official website of Okex, if a user uses the platform’s token, they can borrow a certain virtual currency. However, when trading in that trading pair, they need to bear the risk of default. But due to the various compliance issues in the current virtual asset market, many project parties have to suspend or cancel withdrawal services to avoid fund theft. Therefore, it is unnecessary for these exchanges, and there are also some irrational reasons. For example, when a project party cannot fulfill their business obligations for certain reasons, it will result in losses for borrowers.
Okex cannot borrow coins
According to reports, based on the announcement on the Okex official website, the platform is currently unable to provide funds, and as a result, users who borrow coins have not received any returns. It is still unclear whether these exchanges have suspended customer withdrawals and resumed operations. However, technically, this does not mean that they cannot use the system normally or support any services.
It is understood that “Okex” is a domestic digital asset management company, acquired by the original Huobi Group and OKLink Holdings. Earlier, there were reports that some users borrowed Bitcoin on the OKex platform, but it was not actually fulfilled. (There is significant market volatility, please manage risks properly)
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