OceanEx Exchange To Start Testing Soon

Published 5 years ago on October 31, 2018

Last week, the OceanEX crypto exchange began to accept new registration for users wishing to explore the platform built specifically for the VeChainThor (VET) ecosystem. Once users register on the platform, they have to follow the usual Know Your Customer procedures which include uploading government issued ID and a document showing proof of residence. Prior to the world we live in now, there wasn’t a clear date as to when the exchange would go live. Many members of the VET community had speculated that the exchange would be released in late October to early November. We are starting to see numerous new projects appear on the VeChainThor platform, showing that this is slowly becoming a very serious competitor to both Ethereum and EOS. VeChainThor is offering developers a clear solution to a few of the problems that they might have experienced on Ethereum, for example, scalability. VeChainThor is a new but growing project, one that promises a lot for the future. Their estimates of when the exchange would go live were accurate for the team at OceanEx have issued an announcement stating that the development was now finished. The team is currently working on the internal testing and external security audit phase. The steps are preparing for testing the trading function for the exchange next month which will be fully released and you will be able to go to it in the first quarter of next year.Following the roadmap, the team outlining the activities before the full launch of the platform. As reported by Ethereum World News:

“Exclusive VeChain Ecosystem Trading pairs as follows: BTC/USDT, ETH/USDT, ETH/BTC, VET/USDT, VET/BTC, VET/ETH, VTHO/VET. OCE and other VeChain ecosystem tokens to be listed in sequence Competitive Fee Policy : OceanEx 1.0 will support the community by charging the lowest transaction fee in the market for VET trading pairs. OceanEx’s WhaleClub members will even enjoy a 0% transaction fee in trading VET Professional Trading Experience: customized trading algorithms will be able to access OceanEx through APIs provided in the Beta version.”

By the end of next month, the launch of the Alpha and Beta versions of the OceanEx exchange. As we previously mentioned, the complete version of the exchange will be released next year. Owners of VET will see multiple benefits on the exchange which means lower trading fees. What are your thoughts? Let us know what you think down below in the comments!

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Robert Johnson

Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.