XTZ deposits would be available on November 6, at 09.000 UTC. Meanwhile, spot trading of the token against Bitcoin and Tether would be open to customers on November 7 at 9.00 UTC. OKEx also confirmed that XTZ holders would be able to withdraw their tokens on November 8 at 09.00 UTC.
According to Andy Cheung, the company’s Head of Operations, the listing of Tezos is a part of their initiative to drive participation to the OKEx community. He noted that XTZ is such a notable project with a robust ecosystem and that its value would be a great addition to the network.
Founded and launched by Arthur Breitman and Kathleen Breitman in 2017, Tezos is a Blockchain-powered decentralized ledger that supports smart contracts and application development. The open-source protocol employs a PoS (proof-of-stake) consensus algorithm, which allows stakeholders to oversee core protocol’s updates and structures. This kind of set up keeps the network from having to hard fork Tezos Blockchain. Furthermore, this consensus that gives participants the flexibility to move within a digital commonwealth serves as a significant driver for widespread adoption.
Just recently, OKEx also announced its plans of launching Tether (USDT) futures trading. The crypto exchange targets to roll out its first USDT Futures Contracts on November 14, while USDT Perpetual Swaps is set to hit the market on November 30.