OKB, the native cryptocurrency of OKX, the second largest crypto exchange, has experienced a significant rise of nearly 10% in the weekly chart.
This surge comes as OKX announces its partnership with Laevitas, a leading data aggregator specializing in quantitative data analytics for cryptocurrency derivatives.
The collaboration aims to provide enhanced trading insights to Laevitas users through the integration of OKX’s real-time data feeds with the platform.
By leveraging OKX’s extensive market data, Laevitas users gain direct access to OKX’s Liquid Marketplace, which is renowned as the most powerful on-demand liquidity network for professional and institutional traders.
The integration offers Laevitas users access to critical information such as Requests for Quotes (RFQs), open interest, and volume of derivatives and futures spreads.
These valuable insights streamline research and analysis processes, enabling users to navigate the dynamic cryptocurrency derivatives market more effectively.
Lennix Lai, the OKX Global Chief Commercial Officer, expressed enthusiasm about the partnership, stating:
By incorporating OKX’s data feeds, Laevitas users now have access to a wealth of information that can help them stay ahead of market trends and make more informed trading decisions.”
Additionally, Lai emphasized the shared goal of OKX and Laevitas in empowering traders with advanced analytics and accurate data, highlighting the pride both entities take in bringing this vision to life through their collaboration.
However, the partnership between OKX and Laevitas marks a significant step in enabling traders to navigate the cryptocurrency derivatives market successfully.
With a focus on empowering traders through advanced analytics and reliable data, the collaboration aims to equip users with the necessary tools and insights to make informed trading decisions.
OKB Price Analysis
This latest development in the cryptocurrency market has failed to significantly impact the price of OKB on the daily chart. Despite expectations of a potential shift, OKB continues its bearish trend, currently displaying a loss of approximately 1.87%.
The current trading price stands at $44.30. The 24-hour trading volume is also experiencing a significant decrease of around 62.95%. Furthermore, the market capitalization is in the red, showing a loss of 1.63%.
As per the technical analysis, a bullish trend is observed in the long term. Consequently, it is predicted that the price of OKB will increase by $0.55448 within the next 7 days, reaching $44.87 by June 30th, 2023. In the short term, the machine learning algorithm has identified a neutral trend for OKB.
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