The crypto exchange and trading giant OKEx has recently announced four new partnerships to expand the real-world usage of its adopted utility OKB token. The partnership with trading bot platforms HaasOnline and Cryptohopper, decentralized exchange – Saturn Network, and the smart contract platform – MyWish now allows token holders to spend OKB for making payments at more than 70 designated merchants and service providers.
The latest partnerships extend the real-world utility of OKB beyond the OKEx ecosystem which includes discounted fees and preferential access to OKEx Jumpstart projects. Spending OKB on the partner networks also allows token holders to enjoy additional benefits like discounted fees on high-quality services including payments, trading platforms, wallets, financial services, and lifestyle offerings.
HaasOnline and Cryptohopper trading bots are popular among crypto traders. They implement highly advanced algorithms to help users automate their trading strategies based on over 130 technical indicators and candle patterns. Now OKB holders on these platforms can avail a one-time passive income with 15% interest along with discounted service fees.
As a part of the partnership. MyWish has added OKB as one of the payment options, allowing token holders to fulfil their smart contact needs with OKEx’s global utility token. Meanwhile, the listing of OKB on Saturn Network decentralized exchange makes the token more accessible to the crypto community, allowing users to trade and swap OKB with other cryptocurrencies. The listing on Saturn Network will also further OKEx’ mission to promote DeFi by encouraging more users be part of the ecosystem.
The CEO of OKEx Jay Hao said, “Growing the OKB ecosystem is essential in gaining a high degree of its utility… OKB is a true global utility token and, as it continues to forge new partnerships, it provides its holders with even more real-world utility and ways to spend it outside of the OKEx exchange.”
OKEx has plans to forge more partnerships with various other platforms to expand the uses of OKB, and further the growth of the OKEx ecosystem.
Image by Gerd Altmann from Pixabay
