RATE Group | OKEx Undergoes Maintenance, Becomes Top BTC Futures Exchange
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OKEx Undergoes Maintenance, Becomes Top BTC Futures Exchange

15 Mar OKEx Undergoes Maintenance, Becomes Top BTC Futures Exchange

Posted at 13:17h in Bitcoin News by

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OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform.

On Mar. 12, OKEx announced that the platform would be down for system maintenance starting at midnight UTC for about half an hour. Later the same day, the exchange announced that trading activity had resumed.

The maintenance took place at a time of great volatility in the cryptocurrency market which was accompanied by unusually high volumes on cryptocurrency exchanges. Bitcoin (BTC) started Mar. 12 at nearly $8,000 and ended the day at around $5,300.

Bitcoin 2-day chart

Bitcoin 2-day chart. Source: Coin360

OKEx adapting to high trading volumes?

According to cryptocurrency market data website CoinGecko, on Mar. 12 OKEx saw a high of $3.1 billion in trading volume, a nearly 160% increase compared to the day before. In recent months, the exchange was already managing higher-than-usual volumes.

OKEx trading volumes

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