OKEx announced on Tuesday it has listed Celsius Network’s CEL token on its cryptocurrency and derivatives exchange. OKEx reported it is the third global exchange to list CEL token in recent weeks, in addition to several decentralized exchanges, since CEL token’s first listing in June 2019. CEL is notably the native ERC-20 utility token of Celsius.
“CEL token holders can take advantage of several benefits within the network, including earning yields on crypto assets at up to 25% higher than non-holders and securing crypto-backed loans with up to 25% less payable interest. In addition, Celsius distributes weekly rewards for CEL holders with an APY of 4.86%.”
OKEx CEO, Jay Hao, spoke about the listing by stating:
“We are pleased to help foster the growth of the crypto borrowing and lending ecosystem by adding Celsius’s CEL token to the OKEx exchange. We share the same belief that cryptocurrencies can provide financial freedom to all people around the world and believe that as the industry grows, there is room for both centralized and decentralized solutions. As one of the fastest-growing platforms in the space, Celsius also mirrors OKEx’s deep commitment to continued innovation.”
The listing of CEL token comes just a little over a month after OKEx delisted 70 trading pairs in an effort to “maintain a robust trading environment.” At the time, Hao reported:
“OKEx strives to offer the most diverse suite of digital assets and trading pairs for our global client base. But, we also have a commitment to ensure optimal user experience. Regular review of the performance and popularity of our trading pairs is necessary to upkeep a healthy ecosystem.”
OKEx further claimed that more than 20 million traders from 200 different countries. Its home page reports 400+ trading pairs. In January, it was reported that OKEx generated more than $23 billion in trading volume in a single 24 hour period.