OKEx, will soon become one of the first ever cryptocurrency exchanges to list ‘third-generation’ blockchain token $HBAR, the native currency of Hedera Hashgraph.
Announced on its website and Twitter account on September 10, the listing makes the Malta-based digital assets platform an early adopter of the asset, which is expected to deliver a faster and more secure public blockchain network.
Announcing the news on Twitter, OKEx said: “You guessed it right! We’re delighted to announce that #OKEx will soon list @hashgraph $HBAR, one of the first exchanges to do so.”
Hedera Hashgraph is a ‘third generation public ledger’, that is aiming to build upon the strong points introduced generationally by the Bitcoin and Ethereum networks – that is a decentralized infrastructure, and the ability to program ‘smart contracts’, respectively.
The team behind Hedera Hashgraph want to build a less energy intensive, highly secure fast network, that features “blazing-fast” transaction speeds, of 10,000 transactions per second.
OKEx said $HBAR tokens could be deposited from September 16, and that three trading pairs: HBAR/BTC, HBAR/USDT and HBAR/USDK, would be available from September 17. Customers can withdraw the asset from September 24.
An OKEx spokesperson said: “We welcome $HBAR to the exchange. It gives our customers another trading option. However, remember if you’re trading crypto you need to be aware of the risks. Make sure you do your research and never invest more than you can afford to lose.”
Next-gen consensus algorithm
Hedera is the only public ledger to use the hashgraph consensus algorithm.
OKEx describes the project on its website: “Hedera is the only public ledger network using the hashgraph consensus algorithm, which is fast (>10k+ TPS), secure (aBFT, strongest security possible in a DLT), and fair (transparent time-stamping on all events, transaction censorship resistant).
“The hashgraph consensus algorithm combines a gossip protocol with virtual voting to achieve consensus very quickly while using the minimum amount of data.”
The token will be available on OKEx alongside a comprehensive range of digital assets, and alongside a large variety of services that the Malta-based exchange offers its customers, including spot trading, perpetual swap trading, and futures contracts.
You can find out more about OKEx listing Hedera Hashgraph here.
Recent data from CoinMarketCap, rated the OKEx exchange as having processed more than $769 million in adjusted trading volume in the past 24 hours, making it one of the biggest digital asset exchanges globally.