OKEx Crypto Exchange Is Building a Blockchain, DEX to Come Soon

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Crypto exchange OKEx said it plans to launch a decentralized exchange on its own blockchain.

Friday that its operations team has been developing a blockchain called OKChain, which will provide the underlying tech for its "First" decentralized exchange, OKDEx.

Due to demand, the exchange said it will put OKB onto an ethereum ERC-20 standard blockchain by the end of April, and will migrate all tokens to OKChain later and once the new network is "Stable."

It seems a decentralized exchange is the latest must-have accessory for exchanges.

Binance, the world's largest crypto exchange by adjusted trading volume, is also launching a DEX on its own blockchain network.

Its DEX for public testing last month, allowing users to create wallets and interact with the trading platform's interface.

Last month, the exchange also announced a trading competition.

Singapore-based cryptocurrency exchange Huobi is going a step further, announcing.

A plan to evolve into a standalone decentralized exchange last June.

At the time, it offered funding for developer assistance in creating an underlying open-source blockchain protocol for the platform.

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