OKX,
a Web3 technology company and cryptocurrency exchange, has unveiled an addition
to its services with the launch of ‘Signal Trading.’ This offering
introduces a bridge between signal providers and traders, providing an
automated trading marketplace that relies on technical analysis-based signals
to guide cryptocurrency buying and selling decisions.
Signal
Trading is equipped with feature webhook capabilities through TradingView. This
functionality facilitates signal providers and traders to create signals
directly within the TradingView platform, whether they are based on built-in
indicators or custom-crafted Pine Scriptâ„¢ strategies. With Signal Trading,
users gain access to, follow, and even automatically replicate signals. It
eliminates the need for manual execution and thereby saving time and effort.
Lennix Lai, Chief Commercial Officer, Source: LinkedIn
Lennix
Lai, the Chief Commercial Officer of OKX Global, expressed the significance of
this launch, stating: “With the launch of Signal Trading, OKX further
establishes itself as the go-to exchange for innovative, automated trading
solutions. As we strive to revolutionize the way traders interact with the
crypto market, OKX will further enhance its ecosystem of automated trading
tools.”
Signal
Trading brings benefits to both signal providers and signal traders. For signal
providers, listing their signals on Signal Trading opens the door to a vast
audience. The integration with TradingView augments their capabilities by
enabling signal generation on a leading industry platform. Additionally, signal
providers can enjoy reduced latency and cost advantages, which are often
associated with third-party signal-listing platforms.
Signal
traders, on the other hand, enjoy advantages, including the avoidance of
subscription fees and latency-related issues often linked with third-party
alternatives. OKX’s Signal Trading offers signal
providers, ranging from institutions to professional traders, allowing users to
choose and compare signals to suit their preferences.
In
addition to Signal Trading, OKX
extends its array of automated trading tools, providing a suite of options to
its users. This encompasses ‘Trading Bots,’ pre-built automated bots designed
to assist users in automating their trades.
OKX’s Report Reveals $11.2
Billion in Cryptocurrency Reserves
In
a report earlier, Finance Magnates
wrote that OKX had released its eleventh consecutive monthly
Proof of Reserves (PoR) report. The latest report discloses that OKX holds $11.2
billion in assets, with a focus on major cryptocurrencies like Bitcoin (BTC),
Ethereum (ETH), and Tether (USDT).
This
PoR report encompasses 22 frequently traded digital assets, including BTC, ETH,
and USDT. OKX has consistently maintained a reserve ratio exceeding 100% for
all these assets over the past 11 months. The current reserve ratios for BTC, ETH, and USDT are
102%, 103%, and 102%, respectively.
Comparing
the results with the previous month, the reserves have increased by $800
million, climbing from $10.4 billion to $11.2 billion. However, when compared
to July, there was a slight decrease of $100 million. These changes are
influenced by the fluctuating prices of digital assets, with July experiencing
yearly highs.
OKX,
a Web3 technology company and cryptocurrency exchange, has unveiled an addition
to its services with the launch of ‘Signal Trading.’ This offering
introduces a bridge between signal providers and traders, providing an
automated trading marketplace that relies on technical analysis-based signals
to guide cryptocurrency buying and selling decisions.
Signal
Trading is equipped with feature webhook capabilities through TradingView. This
functionality facilitates signal providers and traders to create signals
directly within the TradingView platform, whether they are based on built-in
indicators or custom-crafted Pine Scriptâ„¢ strategies. With Signal Trading,
users gain access to, follow, and even automatically replicate signals. It
eliminates the need for manual execution and thereby saving time and effort.
Lennix Lai, Chief Commercial Officer, Source: LinkedIn
Lennix
Lai, the Chief Commercial Officer of OKX Global, expressed the significance of
this launch, stating: “With the launch of Signal Trading, OKX further
establishes itself as the go-to exchange for innovative, automated trading
solutions. As we strive to revolutionize the way traders interact with the
crypto market, OKX will further enhance its ecosystem of automated trading
tools.”
Signal
Trading brings benefits to both signal providers and signal traders. For signal
providers, listing their signals on Signal Trading opens the door to a vast
audience. The integration with TradingView augments their capabilities by
enabling signal generation on a leading industry platform. Additionally, signal
providers can enjoy reduced latency and cost advantages, which are often
associated with third-party signal-listing platforms.
Signal
traders, on the other hand, enjoy advantages, including the avoidance of
subscription fees and latency-related issues often linked with third-party
alternatives. OKX’s Signal Trading offers signal
providers, ranging from institutions to professional traders, allowing users to
choose and compare signals to suit their preferences.
In
addition to Signal Trading, OKX
extends its array of automated trading tools, providing a suite of options to
its users. This encompasses ‘Trading Bots,’ pre-built automated bots designed
to assist users in automating their trades.
OKX’s Report Reveals $11.2
Billion in Cryptocurrency Reserves
In
a report earlier, Finance Magnates
wrote that OKX had released its eleventh consecutive monthly
Proof of Reserves (PoR) report. The latest report discloses that OKX holds $11.2
billion in assets, with a focus on major cryptocurrencies like Bitcoin (BTC),
Ethereum (ETH), and Tether (USDT).
This
PoR report encompasses 22 frequently traded digital assets, including BTC, ETH,
and USDT. OKX has consistently maintained a reserve ratio exceeding 100% for
all these assets over the past 11 months. The current reserve ratios for BTC, ETH, and USDT are
102%, 103%, and 102%, respectively.
Comparing
the results with the previous month, the reserves have increased by $800
million, climbing from $10.4 billion to $11.2 billion. However, when compared
to July, there was a slight decrease of $100 million. These changes are
influenced by the fluctuating prices of digital assets, with July experiencing
yearly highs.
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- Source: https://www.financemagnates.com//cryptocurrency/okx-launches-signal-trading-with-tradingview-integration/
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