OKEx Bitcoin Cash Futures Debacle Shows Danger of Unregulated Exchanges

The latest Bitcoin Cash hard fork had ramifications on the entire crypto community. Independent of whether you trade BCH, its recent split had disastrous financial consequences for many… and inspired some unorthodox moves from others. Malta-based exchange OKEx left traders furious last week after taking the decision to change the terms on $135 million Bitcoin Cash derivatives contracts.

As one of the world’s largest crypto exchanges (and part of a handful to offer derivatives trading as well as spot) OKEx has gained in popularity. It’s also ramped up the trading volume, handling some $1 billion or more of crypto trades daily. That’s a lot of transactions.

Reference: https://www.ccn.com/okex-bitcoin-cash-futures-debacle-shows-danger-of-unregulated-exchanges/

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