Headquartered in Malta, OKX, the world’s largest spot and futures virtual asset trading exchange in terms of transaction volume has broken the news about its strategic partnership with blockchain-supported electronic contract platform, FirmaChain.
As per the official announcement made regarding the collaboration, the integration between the two leading setups will allow the investors to indulge in purchasing of OKX’s native utility token, OKB, on the FirmaChain network. Also, OKX will be listing FirmaChain’s FCT token on its reputed exchange platform, adding to the popularity of the digital currency in the marketspace.
FirmaChain is well-known for using the expertise of blockchain technology in achieving the highest standards of transparency and verification to contracts while eliminating the risks like a forgery. While employing its decentralized application (DApp) Duite, FirmaChain aims to bring down the processing costs involved in international contracts. The solution uses less resources and streamlines the complex processes thereby overcoming the obstacles recognized by the currently written contracts.
The interested investors will be allowed to deposit the FCT coins from 10:00 December 11, 2019 (UTC). The FCT spot trading against USDT and BTC will be started at 10:00 on December 18, 2019 (UTC). The FCT withdrawal shall initiate from 10:00 on December 19, 2019.
“We’re excited about this partnership that we are able to add FCT, the native token of FirmaChain on the OKX trading platform, and at the same time, to include OKB for service redemption on the Firmachain network, where users can choose to pay in OKB or FCT when using the e-contract provided by Duite, Firma Solution’s service,” said Andy Cheung, Head of Operations at OKX.
“FirmaChain is excited to join OKX’s global ecosystem and gain access to a broad potential user base for our innovative, blockchain-based electronic contracts platform. We look forward to a successful and mutually beneficial partnership with OKEx to bring forth new use cases of blockchain technology,” quoted Young In Yoon, CEO of FirmaChain.
Recently, OKX broadcasted the news about the integration of its OKB token with Ledger, Bvnex, Aliniex, and Cryptomall. The team-up was organized to create an efficient, advanced, and comprehensive ecosystem for crypto traders and investors. The firm is known for providing high-class services like spot trading, fiat-to-token trading, margin trading, crypto derivatives, as well as aiding traders, miners, and institutional investors in optimizing their investment strategies. Presently, more than 400 spot and derivatives trading pairs are available on OKEx for the clients spread over 200 countries around the globe.