Flash News: OKX Adds LTC, ETC and EOS to Dual Investment, OKX Wallet to Support Sui Network Upgrade
VICTORIA, Seychelles, April 27, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the week of April 24, 2023.
OKX Dual Investment Expands to Include More Cryptocurrency Options
OKX is proud to announce the addition of Litecoin (LTC), Ethereum Classic (ETC) and EOS (EOS) to Dual Investment. With these new additions, users now have more ways to interact with the OKX ecosystem and choose from a wider range of Dual Investment options.
Dual Investment is an advanced product that allows users to maximize their profits by choosing a major crypto pair to trade, such as BTC – USDT. By subscribing to a Dual Investment product, users can buy or sell an options contract and receive returns in either of the cryptocurrencies – depending on their target price.
If the user chooses the ‘Buy Low’ option and the spot price of the underlying crypto falls and expires at or below the target price, they buy the crypto at the target price. If not, they earn interest in USDT.
If the user chooses the ‘Sell High’ option and the spot price of the underlying crypto rises and expires at or above the target price, they sell the underlying crypto and earn in USDT. If not, they earn interest in the underlying crypto.
OKX Wallet to Integrate Sui Network Upgrade
OKX Wallet will be one of the first multi-chain wallets to integrate the Sui Network upgrade. This integration will allow users to view and trade assets on Sui via the OKX mobile app and OKX Wallet web extension.
Sui is the first permissionless layer-one blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in Web3. Sui has a native token called SUI, with a fixed supply. The SUI token is used to pay for gas, and users can stake their SUI tokens to participate in the proof-of-stake mechanism.
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OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
To learn more about OKX, download our app or visit: okx.com