OKB tokens native to OKEx exchange have risen 100% in last 30 days, the exchange will now offer trading fee discounts based on the number of tokens held by their level 1 users.
OKEx exchange is gearing up to increase the utility of the OKB token. The Malta based exchange, currently one of the largest exchange by adjusted volume according to CoinMarketCap will start offering discounted trading fee to OKB holders. The discount rate will depend on the number of tokens held by the users.
For normal users, the maker fee is 0.1% and taker fee 0.15% on OKEx on spot trading. From August 07, 2019 – a user with more than 500 OKB tokens total in their master, funding, spot trading and C2C account will be charged 10% less fees, i.e. 0.09% Maker fee and 0.135% Taker fee.
The discount will increase based on the number of OKB tokens held. Check out this charge for comparison.
These fee discounts are applicable to normal users. VIP users who have trading volume of more than 1000 BTC in 30 days, will receive different discount rates. The schedule of fees can be found on the exchange website.
OKB Token Price Action
OKB token’s price is steadily growing. Earlier today an official tweet from OKEx India shared the price of the native token is up 100% in last 31 days.
For further questions, if any you can reach out to OKEx India at