OKX Introduces New DEX Trading Feature for Global Users
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OKX, a prominent cryptocurrency exchange, unveiled a new feature in its app on November 13. This new feature is set to allow users from parts of the world to actively utilize the decentralized exchange (DEX) trading.
As it stands, this new feature is now available in regions such as the United States, MENA (Middle East and North Africa), Southeast Asia, and the CIS (Commonwealth of Independent States), and it will allow customers to set up self-custody wallets using passkeys and access decentralized markets on platforms like Solana, Base, and X Layer.
To this end, this announcement was made as DEX volumes surged to an all-time high of $613 billion in October, with DEXs now accounting for 20% of total crypto exchange volume.
Simplified Wallet Setup and Enhanced Trading Experience
As it stands, the newly introduced OKX feature of this exchange will help to simplify the process of setting up and utilizing crypto wallets. Meanwhile, by automatically creating self-custody wallets when activated, this feature eliminates the usual hassle of wallet creation and bridging between networks.
Also, users can now benefit from smart order routing across over 100 liquidity pools, which ensures better trading opportunities. To this end, the app will provide live token data and a unified view of both centralized and decentralized portfolios, making it easier for users to track their investments.
Global Rollout with Local Restrictions
One important factor to note is that while the feature is gradually being rolled out to millions of OKX customers worldwide, the availability depends on local regulations and jurisdictional restrictions.
Additionally, the interface has been designed to be intuitive, allowing users to quickly and easily access decentralized markets. To enable DEX trading, users can simply navigate to the app’s Explore page or use the global search function.
To this end, OKX has stressed the fact that the interface is designed to make decentralized trading more accessible and user-friendly, offering a seamless experience to both investors and traders alike.
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