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OKX introduces new UK rules under FCA requirements

OKX exchange is set to implement new compliance measures for its U.K.-based consumers to comply with the upcoming FCA regulations.  The exchange announced today that all users residing in the U.K. must complete a detailed investor questionnaire beginning the following week. This questionnaire assesses their understanding of the risks of purchasing and trading cryptocurrencies.  There will also be an additional questionnaire to determine the suitability of crypto investments for each user. OKX emphasized that users who cannot successfully complete these questionnaires or those who fail to demonstrate a clear understanding of the associated risks will not be eligible to maintain an account with the exchange. You might also like: Bitcoin breaks the $45k zone, indicator suggests a further rally These steps align with the new FCA regulations, set to be enforced starting Jan. 8th. This development comes after regulatory changes across the UK’s cryptocurrency market. Notably...

OKX to delist 26 trading pairs and several high-risk tokens 

OKX announces the delisting of several trading pairs, including BTM, which saw a 32% drop today.  Major crypto exchange OKX announced the delisting of more than 20 trading pairs today, citing regular performance monitoring and adherence to strict listing criteria. This action includes suspending deposits and withdrawals for specific tokens and will affect a substantial number of trading pairs across various cryptocurrencies. The delisting process is scheduled to commence on Nov. 9, with pairs such as CELO-USDC, AXS-USDC, and APE-BTC among others, listed for removal. Also, the HNT-USDT trading pair and Bytom (BTM), which suffered a significant 32% drop today, will also be removed on November 10. You might also like: Research reveals Binance’s shrinking market share in CEXs OKX is on a steady growth trajectory OKX has already halted deposits for affected tokens, including HNT, BTM and SAITAMA, as of Nov. 3, urging users to adjust their asset management in anticipat...

5 altcoins that could breakout if Bitcoin price stays bullish

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Bitcoin has turned bullish, but is it a dead cat bounce? If BTC bulls keep pace, LTC, OKB, BIT and FTM could see strong rallies. The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14. After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been made but the charts suggest that a bottoming process has begun. Crypto market data daily view. Source: Coin360 Independent market analyst HornHairs highlighted that the 2017 to 2018 bear market lasted for 364 days and from 2021 to the current market low, the duration is again 364 days. Another interesting similarity is that the 2015 to 2017 bull market and the 2018 to ...