A message from OKX Chief Marketing Officer Haider Rafique Calling all Web3 builders! Today we’re excited to introduce X1 to the world. #2 — Origin Dollar (OUSD)The way algorithmic stablecoins work is that if the stablecoin drops from $1 to $0. 1 billion as of European trading hours on Monday, making it the second-largest crypto market sector, according to. From Centralization to Intent Revolution: Infura's Shift, Blockchain's 'Intents' Era, and OKX's L2 Triumph!Notably, the stablecoins issued on the Terra network are not backed by fiat currency held in various bank accounts around the world. Xu stressed that it would be separated from OKXChain and would address. as have other stablecoins. The original Libra proposal focused on its potential financial inclusion benefits. BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Like Tether & the USDC, TrueUSD keeps fiat currency in a 1:1 ratio of reserves to digital coins. Avax, harmony one, curve, etc. View the latest cryptocurrency prices for the hundreds of digital assets listed on OKX, alongside their daily price change and market cap statistics. 1 day ago · Follow. To learn more about the sub-affiliate link rules,. Stablecoins have drawn a lot of scrutiny over whether the issuers have enough collateral to back the price and what assets ensure the value of the coins. Blue chip DeFi platforms like aave, compound, offer low rates comparatively. This includes Ethereum, ApeCoin, Compound, LooksRare, and others. Our r. Visa, Mastercard y otras. You can maximise the yield you earn by researching the top interest accounts such as Nexo, CoinLoan and more. That means the platform searches. While Tether's stablecoin (USDT) has the largest market cap. Earn potentially high APRs on current market trends. In this example, we stake 0. In a multi-token model, also known as Seigniorage Shares, the number of actual tokens in a user’s wallet doesn’t change in response to price changes. Discover new, high-quality projects around the world. VICTORIA, Seychelles, 27 March, 2023 -- OKX, the world’s second largest crypto exchange by trading volume, today launched Turkish Lira (TRY) deposits and withdrawals on Android, iOS and web. Poskytuje služby, díky kterým se uživatelé seznámí s blockchainem a s nejnovějšími trendy v digitálních měnách, a to velmi podrobně. The platform has been operating since 2020 and supports over 100 different coins and tokens. serving as the primary venue for traders to swap stablecoins on-chain. Opening Deposit/Withdraw from OKX websiteWhat currencies. § 2. So you have access to stable money that you can use on Ethereum. You can use my referral link to join Nexo. Buying and staking at least 500 MCO tokens will generate an additional 2% annual percentage rate. OKX – Availability of several tokens to earn a variety of APYs. 5%. It has a circulating supply of 50,600,000,000 RSR coins and. We update our RSR to USD price in real-time. With powerful Smart Wallet technology, OKX wallet makes it easy (and secure) to browse the universe of Web3. Many crypto firms and exchanges offer “staking as a service” (SaaS) whereby investors can stake (or lend) their digital assets in exchange for lucrative returns. 005 ETH and receive 0. With OKX DeFi, you can access dozens of opportunities to stake and earn yield on stablecoins like USDT, USDC, or TUSD. Apps like Celsius and Crypto. So I've been thinking more about staking Stablecoins (lower risk) as an alternate method of generating. Supported stablecoins: BUSD, USDT, USDC; Finally, to get the best stablecoin interest rate on Stargate, stake your stablecoins for one year. It also provides custodial solutions and backup systems to major cryptocurrency. How stablecoins get their stability. The dollar-pegged stablecoin explained. 25% of this will be proportionately distributed to people staking usdc/busd LP tokens. First, navigate to the "Buy Crypto" page, enter the amount of BTC you wish to purchase and select your local fiat currency. The amount of interest you earn will depend on how long you stake the coin for, as well as its current interest rate. Here are the main components you’ll find when you land in the Earn portal: Fixed Income – Stable earnings. S. Navigate to Accounts and click Add account. Like Tether & the USDC, TrueUSD keeps fiat currency in a 1:1 ratio of reserves to digital coins. Journals View All Reviews Research Tutorials Interviews News. In this article, I’ll explain to you the 12 best places. Cake Defi. ©2023 OKX. Currently Synapse Protocol and eMoney NGM. Toncoin ranks 157 by trading volume and is trading on 23 crypto exchanges. Staking for security and rewards. The Convert in Stablecoins for DAI and TUSD will start at 7:00 am UTC on Sep. Dear OKX customers,OKX is pleased to announce the upcoming launch of OKX Cryptopedia Season 8 on October 16, 2023, at 4am (UTC). For example, if functioning correctly a stablecoin pegged to the U. For example, Crypto. The best place to stake stablecoins is YouHodler because it’s a cryptocurrency exchange that allows for instant deposits and withdrawals of fiat money: USD, EURO, GBP, and CNY. Deep liquidity on futures spreads, custom multi-leg strategies, and block tradesOKX Wallet’s Smart Account feature offers several benefits. OKX does not provide investment or asset recommendations. As mentioned earlier, Ledger is one of the most popular hardware wallets in the market. Start with only 100 USDT. Staking stablecoins is a great way for investors to increase the value of their investment while still having access to it, as staking rewards are typically paid out in the same currency that is being staked. 5% and pay daily interest. Algorithmic stablecoins are the ultimate innovation of decentralized finance that promises to upgrade how stablecoins work. People with a huge amount of stablecoins staked didn't seem to notice…Terra Classic (LUNC) is a blockchain platform that was launched in 2019. Step 3: After the mining starts, click Stake, enter your desired amount of CHZ or OKB and confirm. Nexo 9% – 16%. Stablecoins, cryptocurrencies designed to hold a stable value through a peg to an underlying asset, such as the U. If the token isn't displayed normally, follow these steps: For staking or lending stablecoins you can deposit USDC, USDT, or DAI here and earn interest for approximately 2. With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets. Tokash is the meeting point. When users stake their ETH on Lido, they receive 'stETH' tokens, which represent their staked assets. Crypto News from Glassnode and Will Clemente notes that since 2020 USDT has dropped from 88% to 48%, USDC has tripled its market share from 10% to 32%, and BUSD has grown about 30x from 0. For information on how to apply for an account on OKX, please read here. okx disclaims all liability with regards to the article, including the veracity of the facts asserted by these third parties. e. Subscribe to our crypto newsletter, OKX Insights Weekly . Supported stablecoins: BUSD, USDT, USDC; Finally, to get the best stablecoin interest rate on Stargate, stake your stablecoins for one year. Connect their OKX Wallet to zkSync Portal via web. 4. Simply enter the amount of XRP you wish to purchase in your preferred currency and complete payment using your desired credit card. Staked ETH and staking rewards will remain locked within ETH 2. At $57/hour, the total estimated cost to respond to your request is $570. Step 1: Before the mining starts, transfer your CHZ or OKB to your funding account. Unfortunately, now the best you can hope to do at best is a 4% APR on a Credit Union that requires several hoops you have to jump through. bitcoin and crypto converter helps you calculate the exchange rate fo your digital assets with great ease. A powerful DeFi platform that. To start stablecoin staking, you need to first buy stablecoins, such as Tether (USDT), from trusted crypto exchanges including Binance and Coinbase. This trade type is known as margin trading. One of them is staking stablecoins. OKX Simple Earn. Make crypto earning flexible and stable. So I've been looking into staking stablecoins and I'm wondering if there is an inheritant risk involved, I mean 12% interest on what amounts to bank account seems too good to be true. Each has its own annual percentage yield (APY) based on whether you choose a fixed or flexible. Stablecoins are a type of cryptocurrency designed to offer the flexibility of digital assets with the price stability of fiat currency. Pay off the loan whenever you want. Here’s an easy-to-follow guide for purchasing USDT on OKX: Account Registration: Start by setting up an account on OKX. The Stablecoins page of OKX Academy is a channel for gathering Stablecoins knowledge and its latest news. In layman’s terms users lock. Trade. Origin Dollar – DeFi’s first yield-bearing stablecoin. To connect your OKX Wallet, you can either create a new wallet directly through the OKX mobile app or desktop browser extension, or restore your existing wallet. Table of. You can navigate liquidity pools on platforms such as AAVE, Yearn, and Pancake easily. Lido is an Ethereum-centric platform designed to transform how we approach staking. They share a lot of the same powers as ETH but their value is steady, more like a traditional currency. the information reported in this piece, and the pieces referred to, comes from third party sources. Some staking coins may require a bonding period. These changes only apply to retail users. Borrow to earn, borrow to spend. Buy/Sell with zero fees via 100+ payment methods. Pancakeswap tutorial. 5%. Different types of stablecoins use different mechanisms to keep. It provides services for users to learn about. Estimated APY rates are not guaranteed and may change without notice. This is the highest rates we have seen on any stablecoin staking, but note that this is only for. Stablecoins can be tied to things like the U. Best. In addition to DeFi crypto staking, OKX has crypto savings accounts where investors can earn interest on their tokens. USD Circle. Select Ethereum (ETH) and click Continue. Staking stablecoins on a centralized exchange doesn't have any appeal for me, instead of having to use a centralized exchange it's better to use DEX which is of course better because it only uses smart contracts to be able to connect and be able to do staking easily. Select a PoS crypto coin you want to stake. One key difference between centralized staking and. Tether and Tether Gold were both created in 2014 as ERC-20 tokens, with the latter being totally backed by gold. With OKX Copy Trading, you’ll be able to share your best trading strategies for a profit, or learn and copy trade with 600+ trading pairs from pro traders around the world. The move comes as OKX deepens its focus on the fast-growing Turkish market and greatly expands its offerings for users around the world. Binance USD. OKX Earn 10% . Purchase USDT instantly from our peer-to-peer (P2P) Market. 92% for ETH, 16. You should carefully consider. $25k is a good yearly return for me to live off of comfortably. Buy BTC with stablecoins. com offers rates of up to 4. SINGAPORE, Nov. Huge nodes can potentially double sign blocks (meaning they say funds went one place when the actually went another) AND they are the obvious target for ddos. Users can stake over 80 assets on OKX for 15, 30, 60, 90, or 120 days. OKX Crypto Staking. Note. The dollar amount of stablecoins has soared this year above $100 billion. Popular Stablecoins for Staking. The option to pay for gas on any of the supported chains using stablecoins USDC and USDT. The first type of risk is associated with the asset the coin is pegged to. Staking, normally refers to POS consensus mechanism where a cryptocurrency blockchain, runs by people running nodes with collateral on the line to keep them honest. Security. First you'll need an OKX account. Any info is appreciated! Thanks! Archived post. Singapore, September 7, 2023 -- OKX, a leading Web3 technology company and Primary Partner of the McLaren Formula 1 Team, today announced that it will host the OKX Race Club, a McLaren-themed fanzone for the Singapore Grand Prix from September 14-17, 2023. The current average price of Toncoin is $ 2. Due to such price fluctuations, you may increase or lose. Make crypto earning flexible and stable. The Convert in Stablecoins for DAI and TUSD will start at 7:00 am UTC on Sep. Exchange Wallet. Reserve Rights is down 0. Sign in. The OKX Wallet Web Extension allows you to do it easily with just a few clicks. This is required to buy crypto and earn interest on the purchase. One of the most widely used stablecoins for staking up until May 6, 2022, was the algorithmic stablecoin Terra USD (UST). 15% in Coinbase, 2. OKX offers crypto staking on over 200 tokens and pairs with both fixed and flexible terms. Trade a full range of contracts and margin products. Quick conversion, zero fees, no slippage. Crypto that OKX doesn't support; Crypto sent to networks that OKX doesn’t support; Crypto that has been or will be delisted from OKX; Airdrop crypto; Here are the details of these 4 types of untradable assets: 1. Several decentralized lending platforms, such as Compound. Crypto that OKX doesn’t support. Estimated APY rates are not guaranteed and may change without notice. To make money by investing in stablecoins, though, you'll need to stake your coins. Q: Can you make money with stablecoin?OKX Wallet is proud to announce that its account abstraction-powered Smart Account, which enables users to pay for transactions with stablecoins USDC and USDT and interact with multiple contracts. In staking, investors are “locking in” the value of the stablecoin to earn interest. Exchange Billetera. Your purchased USDT tokens will be deposited in your account almost instantly after completing your order. If you do so, with your first transfer of $100 or more, you will receive $10 BTC in rewards. Register Now Stablecoins and central bank digital currencies (CBDCs), not. Connect and unlock your Ledger device. As FTX fiasco continues to roil the broader space, major crypto platforms including Binance, OKX, BitMex and ByBit said the. If asked, allow access to My Ledger by simultaneously pressing both buttons on your device. Then you would see impermanent loss like you've never seen before. OKX Wallet will add support for the BRC-30 standard according to the protocol,. Difference between the bid price and actual executed price of the trade) for users to take. You can also select “Trade” for any cryptocurrency in the list to visit the relevant OKX market for buying and selling each asset. com with a 3% APY. asset holdings, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. OKX says it has identified $157 million in digital assets belonging to FTX and Alameda Research and is turning them over to the. On stablecoins, the best yield offered. A good example of earning a passive income without any risk is ‘staking’ stablecoins or earning interest over it. To learn blockchain and quickly trade Bitcoin, please come to OKX. Total fees were 2. Staking stablecoins offers minimal risk, but you can't expect to yield massive results. It's a straightforward and transparent form of trading, with less risk compared to other forms of trading. The protocol is open-source and available for all developers to build upon. To start a margin trade, you must move assets from your funding account to your margin account. Positive reviews focus on an easy online experience, fast transitions, and low fees. OKX is the most widely used platform for cryptocurrency trading on. Users can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk, can. Staking process. Why does it make such a huge difference? My main question is where you'd stake your stablecoins now. 7%. 6% as For supplying. StakingIf you have Proof of Stake coins, than very likely staking will be safest option with great return. There are three types of stablecoins: fiat-backed, crypto-backed, and algorithmic. They offer many benefits, such as being. 4 min read Fact Checked Summary: Staking stablecoins is a popular strategy in the cryptocurrency market, offering potential for consistent returns with lower volatility. Community. This standard has allowed us to upgrade our wallet with a host of new features, including… The ability to make gas payments with stablecoins. Staking is another popular way to make money with stablecoins. It is simply a tool that helps traders boost their trading capacity. ledn. Stablecoins are designed to maintain a stable value, which means that staking stablecoins is a lower-risk investment option compared to other cryptocurrencies. The site Staking Rewards shows that the staking “market cap” of USDC is about $1. 17, while ByBit reportedly disabled such. Building blocks for a better internet. OKX offers crypto staking on over 200 tokens and pairs with both fixed and flexible terms. Staking: Some protocols allow stablecoin holders to stake their coins to support the network's operations, similar to fixed deposits, and earn yield as new coins or a share of the platform's revenue. If asked, allow access to My Ledger by simultaneously pressing both buttons on your device. OKX gets mixed feedback on consumer review sites. However, traders should be prepared for market fluctuations. OKX does not guarantee the repayment of principal or interest. In this OKX Insights article, we examine how supply and issuance models impact a currency’s utility and, ultimately, price. okx disclaims all liability with regards to the article, including the veracity of the facts asserted by these third parties. Stablecoins are digital assets designed to maintain consistent purchasing power, which makes them a useful tool for both crypto traders and those making international payments. S. You don't have to worry about price slippage in a volatile market. S. Now the estimated earnings of the user would be 1,010. Buy crypto. The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre, and was attended by. Algorithmic stablecoins have been. dollar or the price of commodities such as gold. Nexo - Highest stablecoin interest rates. As the best decentralized exchange, OKX has a dedicated staking feature for Ethereum 2. Advantages of Staking Stablecoins. Use this one-stop hub to manage investments in different DeFi protocols. OKX staking allows users to stake up to 80 tokens, and the estimated APY is between 0. The platform verifies if the borrower meets the requirements for the loan. Nov 8, 2023. 5%. The ERC-20 standard has enabled over 450,000 tokens. OKX is an excellent platform for staking and is on par with Binance regarding its interest reward, and exceeds its ease of use thanks to OKX’s intuitive interface and dedicated ‘My Earnings’ page. Instead of 2309 coins, you would have 2390. ago. Stablecoins have been growing rapidly, here are some reasons and risks. The protocol is open. COM. USDT is a centralized, fiat-collateralized stablecoin that aims to bring stability to the often volatile cryptocurrency market. By staking stablecoins as liquidity, investors can earn returns based on transaction fees or yield generated by borrowers. 5% by June 1. With the recent and still ongoing Luna issue a can of worms have essentially been opened. Negative reviews mention poor customer service, lost funds. Wallet Funding: Go to the 'Buy Crypto' section in OKX, choose 'Fiat Deposit', and select Chinese Yuan (CNY) as your. WAGMI is a counterparty available to trade with on the demo trading environment for Block Trading by OKX. Lower Risk. digital assets. OKX is pleased to announce the listing of DAI and TUSD on our Convert in Stablecoins to provide a better user experience. It also offers financial products like staking, crypto loans, etc. 31 votes, 64 comments. Staking Interest Rates; Compare All Platforms; Crypto Credit Cards;. Wenn du einen Stablecoin Stakst dann ist das für den Liquiditypool. Staking stablecoins is a great way to see a return from cryptocurrency investments. Staking Stablecoins are not only used by crypto investors to lock in gains, but also to generate passive income through a process called staking. Crypto enthusiasts buy stablecoins to avoid the unstable nature typical of cryptocurrencies. They achieve this by tying their value to. Unfortunately, spending time on research is an essential part of a crypto staker’s journey. In this OKX Insights article, we examine how supply and issuance models impact a currency’s utility and, ultimately, price. stablecoins have the same risk of failure of other coins, but while bitcoin and any good crypto will go up in value over time, your stablecoin will stay the same. Staking provides earnings depending on how big your stake is. Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. Savings – Low risk deals & flexible terms. either keep your money in FIAT and invest in the bank/stocks whatever, or invest into crypto gunning for those huge valuations. Open the OKX app, go to User Center. 1. Even the once seemingly conservative staking of stablecoins for. The lender receives interest payments for the loan. 24, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for November 24, 2023. At least five crypto exchanges wrote to customers today that all deposits and withdrawals for Tether’s USDT and Circle’s USDC have been suspended on the Solana network. For information on how to apply for an account on OKX, please read here. First you'll need an OKX account. You can earn rewards on more than 10 of the cryptocurrencies that Okcoin offers just by depositing them to a staking/lending pool. If I were to use this kind of money, I'd rather buy. They can also conduct gasless transactions if third-party dApps choose to sponsor their on-chain interactions. Anchor, as well as Nexo and Celsius, is a good and safe place to stake stablecoin. Typical yield for stablecoins is. 0 staking from December 20-25, 2022 and then deposit BETH from OKX ETH 2. Tether and USD Coin each offer 10% APY, while Bitcoin earns 5%. While Tether's stablecoin (USDT) has the largest market cap. Excellent rates on stablecoins (up to 8%) No minimum balance requirements Cons. The OKX Wallet is the first major crypto wallet to implement these features, and make use of ERC-4337, an Ethereum standard which allows for simple account abstraction. OKX wallet claims to be the “portal to Web3,” offering a crypto hot wallet, decentralized exchange (DEX), a NFT marketplace and decentralized applications (DApps). The yield is generated by lending the deposited USDC to borrowers who pay interest on the borrowed funds. OKX gets mixed feedback on consumer review sites. OKX, a leading Web 3. 1%, and supports over 368 cryptocurrencies The exchange is regulated under the Virtual Financial Asset. For example, Polkadot has added support for stablecoins such as Tether (USDT) and USDC. We're also committed to. As such, stablecoins are a popular collateral choice and are fundamental to scaling the adoption of DeFi products. The easy explanation is that high interest rates compensate people for the risk that the stablecoin will fall off its peg. What Is OKX? OKX is a Seychelles-based cryptocurrency centralized exchange (CEX) and wallet platform that serves millions of clients worldwide. MCO can be traded on one of the Crypto. If the price goes above $1, the algorithm will create new tokens, increasing the supply and dropping the price back down. Many tokens, like stablecoins and governance tokens for DeFi protocols, are based on the ERC-20 standard. It provides services for users to learn about blockchain and the latest and most detailed trends of digital currency. 2-3704 (H), the County requires payment prior to processing your VFOIA request because the. 23, 2022. It features tools for developers to create their own custom dApps, smart contracts and tokens. Here are the lastest stablecoins yields across some of the top exchanges as of March 2022: USDC: 2. S. SAN FRANCISCO, JUNE 1, 2023 -- OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in order to earn BRC-30 tokens. The reason is the complete transparency of TrueUSD and its parent company TrustToken. 5. DeFi Swap – Overall Best Crypto Staking Platform In Australia; OKX– Availability of several tokens to earn a variety of APYs;. OKX ROBINHOOD Developers. OKX, a leading Web 3. A lot of founders filed for bankruptcy, so-called "hacks" happened, rug pulls, and a lot more chaos. OKX is one of the most widely used cryptocurrency exchanges, with 250+ coins, low trading fees, and additional features such as staking crypto, borrowing money, and creating NFTs. chriskevini • 3 yr. The current CoinMarketCap ranking is #259, with a live market cap of $128,451,209 USD. The Stablecoins page of OKX Academy is a channel for gathering Stablecoins knowledge and its latest news. ago. The yield provided varies over time based on a range of factors but currently sits at around 0. Tether and Tether Gold were both created in 2014 as ERC-20 tokens, with the latter being totally backed by gold. 08%, dydx - 9%, Yearn - 3% Binance USD (BUSD) BUSD is 100% backed by reserves held in either one or both of (i) fiat money in dedicated omnibus accounts with insured U. It boasts over 300 cryptocurrencies and stablecoins, catering to diverse trading and investment needs. It is necessary to lock your tokens, and lock periods range from 15 to 120 days, with the longer locks also coming with higher yields. OKX, a web3 company, has today proposed a new, open-source BRC-30 protocol that enables the staking of BRC-20 tokens and Bitcoin to earn BRC-30 tokens. 85% of all ether was held in. Unfortunately for US citizens, you won't be able to access OKX as it is not available in the USA. Instead, stablecoins are issued based on LUNA collateral. 75, the algorithm will automatically destroy a number of the coins to introduce scarcity, pushing the price back up. Many CeFi providers will just stake the coin for you and take their cut for doing this, so consider doing it yourself. MELBOURNE, Australia, 29 March, 2023 - OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months. Stablecoins, like all digital currencies, possess inherent risks to the underworld. HONG KONG SAR, September 28, 2023 - OKX Ventures, the investment arm of leading global crypto exchange and leading Web3 company OKX, today announced an investment in 0xScope, a data intelligence platform that offers a knowledge graph protocol for Web2 and Web3 data. USDC is a centralized dollar-pegged stablecoin issued by the Centre Consortium, founded as a collaboration between Coinbase and payment service. Buy crypto. DeFi Swap – Crypto staking platform for high. Stablecoins like Tether and USD Coin each earn 10% APY, while Bitcoin and Ethereum each earn 5% APY. In addition to the Conflux staking campaign, OKX Earn is offering new users a chance to win a share in a prize pool worth 21,500 CFX. 5%, with users allowed to stake a minimum of. Connecting Web3. When you lend stablecoins, you can earn interest payments from borrowers. In addition, the platform offers some of the lowest trading costs available, making it an excellent choice for purchasing many of the most popular coins for staking. Due to new regulations introduced by the UK Financial Conduct Authority, starting 8 October, there will be some important changes to the OKX experience for users in the UK. Other ways to make money with stablecoins include lending and staking. 22, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for November 22, 2023. Staking Week 2023; Mining Week 2023;. You should carefully consider whether. The survey was conducted by OKX from March 1-5, 2023 with 700 ETH traders, investors, and network developers at the ETH Denver conference. 04% to 49. Importance of choosing a reliable platform for staking stablecoins: Stablecoins are becoming increasingly popular as they offer a stable and predictable value compared to other volatile cryptocurrencies. Ranked third in terms of 24-hour spot and derivatives trading volume as of September 2023, OKX is one of the more credible, feature-packed, and reputable centralized exchanges around. Formerly known as USD Coin, USDC has successfully established itself as one of the go-to stablecoins in the crypto space. OKX Simple Earn provides Simple Earn Flexible (Savings) and Simple Earn Fixed (Staking) access to start crypto earning easily. DeFi – Earn with DeFi and 0% fees. or (iii) financial, accounting, legal, or tax advice. The platform publishes a quarterly report indicating its growth, roadmap, rewards paid, etc.