The world’s largest crypto derivative exchange, OKEx, has just partnered with a blockchain analytical and tracking platform to enhance its transparency in the ecosystem, Lennix Lai, the director of financial market at OKEx has said.
In a blog post today, May 13, OKEx announced signing a deal with crypto market derivatives data service provider Skew to give users more sense of belonging.
Lai mentioned that via the partnership users will now have more in-depth information about OKEx market microstructure and matrix.
Through the deal, users will be able to have access to OKEx trading data like volume of BTC futures, as the exchange incorporates a dashboard on Skew, the first of its kind.
OKEx noted that it selected Skew due to the high reliability and credibility it has as a platform dedicated to derivatives trading data. The colossal crypto exchange described Skew as one of the most significant platforms offering users and institutional traders detailed information in the crypto industry.
The CEO of OKEx, Jay Hao, said the two companies have similar mission in the crypto space, hence they will work together to enhance the transparency of the whole industry. Hao said this would assist traders in making better decision as reliability and transparency of crypto data remains a major concern for trader.
The VP of Financial Markets at OKEx, Quentin Issele, also explained that the exchange is excited to have partnered with Skew. He said the two companies are sure that the collaboration would help traders understand the potential of digital assets better as well as the dynamics of digital asset derivatives.
Skew CEO and cofounder, Emmanuel Goh, expressed that his company is pleased to have signed such a deal, adding that Skew will help OKEx promote greater transparency in the industry.