International crypto funding platform, OKEx, on Monday mentioned it processed greater than 25 billion trades price a complete buying and selling quantity of over $21 trillion throughout 2021.
OKEx is among the many high 5 crypto exchanges on this planet when it comes to buying and selling volumes each in spot and derivatives segments. The platform, which has greater than 20 million customers throughout over 100 areas globally, noticed 220 new crypto pairs listed in the course of the 12 months.
The crypto change additionally mentioned that OKEx Earn, a hard and fast deposit kind product, noticed over $5.1 billion in property staked and locked by customers, and paid out over $314 million in passive earnings.
On predictions for 2022, OKEx.com believes that the crypto market will enter right into a sustained progress part in 2022.
On the rise of non-fungible tokens, the corporate mentioned that NFTs might be an thrilling area to look at. “We will count on extra manufacturers to hitch the NFT occasion to boost buyer engagement and create new income streams for his or her model. Artisans will understand the significance of a digital market for his or her artworks which utterly removes the revenue-eating middlemen,” the corporate mentioned in a launch.
OKEx additionally mentioned that stablecoins will create a outstanding place within the crypto portfolio of buyers in 2022.
A stablecoin is a digital foreign money that’s linked to an underlying asset equivalent to a nationwide foreign money such because the US greenback or a treasured steel equivalent to gold.
“They won’t solely act as a retailer worth however will function an essential asset to beat inflation. We’ll see the rise of stablecoins with extra crypto corporations launching their stablecoins to supply much-needed diversification to buyers,” mentioned Jay Hao, Chief government officer, OKEx.
On cryptocurrencies, the platform mentioned that the market can count on a bull run within the second quarter of 2022, owing to regulatory readability and different key financial components surrounding monetary markets.
Additional, because the crypto trade evolves and buyers acquire extra information about crypto property, OKEx believes that we are going to see extra investments in particular cash which belong to blockchain paying a pivotal position in decentralized finance (DeFi).
Supply: Live Mint