25 billion transactions worth $ 21 trillion took place in 2021: OKEx
Global crypto investment platform OKEx said on Monday that it processed more than 25 billion transactions for a total transaction volume of more than $ 21 trillion in 2021.
OKEx is among the top five crypto exchanges in the world in terms of trading volumes in both the spot and derivatives segments. The platform, which has more than 20 million users in more than 100 regions around the world, saw 220 new crypto pairs listed during the year.
The crypto exchange also said that OKEx Earn, a fixed deposit-type product, has seen more than $ 5.1 billion in user-staked and locked-in assets, and paid more than $ 314 million in passive income.
Regarding the forecast for 2022, OKEx.com estimates that the crypto market will enter a phase of sustained growth in 2022.
With the rise of non-fungible tokens, the company said NFTs will be an exciting space to watch. “We can expect more brands to join the NFT party to improve customer engagement and create new revenue streams for their brand. Artisans will realize the importance of a digital market for their works of art, which completely eliminates the middleman who consume income, ”the company said in a statement.
OKEx also said that stablecoins will create a prominent place in the crypto portfolio of investors in 2022.
A stablecoin is a digital currency linked to an underlying asset such as a national currency such as the US dollar or a precious metal such as gold.
“They will not only serve as store value, but will serve as an important asset in beating inflation. We will see the rise of stablecoins with more and more crypto companies releasing their stablecoins to provide much needed diversification for investors, ”said Jay Hao, CEO of OKEx.
Regarding cryptocurrencies, the platform said the market can expect a rise in the second quarter of 2022, due to regulatory clarity and other key economic factors surrounding the financial markets.
Additionally, as the crypto industry evolves and investors gain more knowledge about crypto assets, OKEx believes we will see more investment in specific blockchain-owned coins play a central role in finance. decentralized (DeFi).
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