NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

OKEx Adds DMG and CELO Tokens, Expands DeFi Projects Portfolio

NewsBTC
NewsBTC
1 year ago
3 mins read
okex

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The #FinanceAll goal of the world’s leading crypto exchange and trading platform OKEx is now another step closer following the listing of a couple of new tokens belonging to emerging DeFi projects. The two new cryptocurrencies, DMM Governance Token (DMG) and Celo Gold (CELO) were listed on July 16, with spot trading against USDT and BTC going live the next day on July 17.

CELO is the utility and governance asset on Celo, a mobile-first, blockchain solution that makes financial tools accessible to all. While Celo offers the necessary financial infrastructure, the other project — DeFi Money Market, DMM in short offers blockchain-powered, asset-backed lending solution. The listing of these two projects closely follows another important DeFi project Compound whose COMP tokens were also listed a few weeks ago.

By extending support to various emerging projects in the DeFi space, OKEx has consolidated its position as a leading player in promoting the development of decentralized finance industry.

The CEO of OKEx, Jay Hao said “OKEx has long-regarded DeFi as one of the most important development directions of blockchain and cryptocurrency. From passive income to digital currency lending, as an innovator in the industry, OKEx has been expanding our footprint in this growing arena.” Further adding, “We are very pleased to see projects such as DMG and CELO with innovative breakthroughs in the lending and stablecoin fields as we believe that they represent the future innovative direction of DeFi and blockchain.”

DeFi: More Than Just Blockchain

The top executives at OKEx have always believed that blockchain technology and DeFi is the only way to provide financial access to millions if not billions of unbanked across the world. They have also previously stated that stablecoins will play a vital role in that mission. Meanwhile, the term DeFi itself is relatively new, first coined in August 2018 by Brendan Forster – co-founder of a crypto-lending platform Dharma.

According to Forster, DeFi should have 4 major characteristics:

  1. Be built on the blockchain
  2. Belongs to the financial field
  3. Have code that is open source
  4. Have stable developers

OKEx

Most of the present-day blockchain financial applications conform to all the 4 points, and a brief analysis of the current industry trends shows that majority of the applications in the field are more focused on Infrastructure/development (22%) and Data analysis (17%). Stablecoins, lending, and decentralized exchanges are other popular applications of DeFi which can meet many real-world financial needs.

OKEx believes that the definition of DeFi should extend beyond the concept of blockchain, and more towards the application of various technologies to ensure accessibility of financial services to all without depending on existing infrastructure and a handful of traditional financial institutions. However, the platform is enthusiastic about working together with all the stakeholders in the global financial system to address a much larger issue of “unbankedness”

Along similar lines, Jay Hao commented, “… the development direction of DeFi is to get rid of the dependence on the dividend brought by the concept of ‘blockchain’ and focus on the application scenarios to solve the problem of unbanked under the existing world financial system. Given that, innovation is the only way out.”

Hao also shared an optimistic view on the recent collaboration, “OKEx appreciates the innovation of DMG and CELO in DeFi, and we also believe that more and more such innovative and practical projects will appear in the future. As a pioneer in the industry, we are very willing to cooperate with it to promote the further development of DeFi.”

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How Stablecoin Rules Are Cementing USD as the World’s Digital Anchor

Conventional crypto wisdom has traditionally painted stablecoins as a potential threat to the U.S. dollar’s hegemony: digital upstarts set to...

News BTC 5 hours ago
Ethereum

Ethereum’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target

Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across...

Scott Matherson 7 hours ago
trader success

Πώς ένας trader μετέτρεψε $6.800 σε $1,5 εκατ. χάρη σε μια ριψοκίνδυνη στρατηγική

Μια εντυπωσιακή ιστορία από τον χώρο των κρυπτονομισμάτων έγινε viral τις τελευταίες ημέρες, καθώς αποκαλύφθηκε ότι ένας μικρός, άγνωστος μέχρι...

Ιωάννης Ριζόπουλος 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum news

Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins

Jake Simmons 1 hour ago
Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Sebastian Villafuerte 4 hours ago
Avalanche

Avalanche Bulls Eye Breakout, But Mid-Term Caution Clouds The View

Godspower Owie 5 hours ago

Premium Sponsors

Press Releases

  • 米下院がGenius法案を可決、暗号資産市場は4兆ドル間近に — 次なる仮想通貨1000倍の期待銘柄とは

    ...

    1 hour ago
  • Top 5 Cloud Mining Sites in 2025: Best Crypto Platforms for...

    4 hours ago
  • PAXMINING Leads 2025 Bitcoin Mining Surge: Innovative Cloud...

    6 hours ago
  • ミームコイン熱狂の中、最新仮想通貨プレセールが63万ドルを突破

    ...

    8 hours ago
  • XRPが3.4ドルの最高値を突破し、2日間で取引量が約4倍に急増する中で注目される次の仮想通貨おすすめ

    ...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.