Oceanex

OceanEx is a centralized cryptocurrency exchange founded in November 2018. The company's headquarters are located in the Cayman Islands.

Among the core members of the OceanEx team are people who have worked at CISCO, Samsung Research, Baidu, Morgan Stanley and some other large companies. VeChain is one of the platform's strategic partners from the world of cryptocurrencies.

During the first year of its existence, the exchange acquired a significant trading volume and became one of the 100 largest cryptocurrency exchanges (CoinMarketCap estimates it slightly below the 60th position). According to the company's website, the OceanEx exchange provides a high level of AI-based security.

Trading opportunities are quite diverse and can be suitable for experienced professional traders. What is especially good is that this platform is available to residents of most countries, as the company has representatives in the USA, Luxembourg, Singapore and China. However, residents of some countries cannot use this exchange yet. Citizens of Cambodia, Congo, Iraq, Iran, Libya, Myanmar, North Korea, Sudan, Somalia, Syria and Yemen are not yet eligible to trade on OceanEx.

Main Features

The charts and information presented to users on the Exchange page may seem familiar to those who have visited other cryptocurrency exchanges. There is a "Japanese candles" chart that can be customized by choosing a different time interval or chart shape (the user is allowed to change the colors of candlesticks, wicks, borders and price lines), turn on and off certain scales and adjust the time zone.You can add a variety of indicators on candle charts (there is a wide selection of about 80 indicators, including the Average True Range, Chaikin Oscillator, Moving Average, Relative Strength Index and others). There are also tools for working with the graph, such as a brush, pitchfork, text, etc.

There is also a chart of the depth of the market. Numbers are visible above the chart (24-hour minimum, 24-hour maximum, 24-hour trading volume, 24-hour change). In addition to these fairly common tools, there is a Token Info tab, which opens a text window with a brief overview of the currency and a number of statistics, including market capitalization, total supply, and so on.

Traders can place both market and limit orders. This is a good feature because trading without these options is too risky. Unfortunately, at the moment, stop limit orders on the OceanEx exchange are not supported, but representatives of the platform announced that this feature will be added later.

Another unusual feature can be found in the CryptoFarm tab. This is a service that allows users to gradually increase the amount of a certain cryptocurrency passively. Contracts can be opened on certain dates. The company announces when new contracts become available. In the past, contracts were associated with different coins and different lock-up periods (from 15 to 30 days). The agreement between the user and OceanEx provides that the user's funds will be stored with third parties when using CryptoFarm. It is mentioned that the service has a low risk, but there are no guarantees due to the high volatility of the cryptocurrency market and other factors. The source of the potential profit is not disclosed anywhere.

Another feature is the OCE Club. OCE is a native OceanEx token. OCE Club members (OCE owners) can enjoy some benefits. Owners have up to 90% discounts on trading commissions. The advanced referral program promises OCE club members a reward of 50% of the trading commission paid by the invitees. Also, club members have more favorable conditions for using the CryptoFarm service. Membership starts at 2000 or more OCE (this is the first level). There are 5 levels of membership depending on the number of user OCES. Each level provides participants with the best benefits.

In the Turbo tab, users can buy XMX tokens (tokens of computing power) with a discount and get rewarded in OCE. To do this, you need to do 2 steps: subscribe to XMX and then, distribute and return OCE.

Those who are looking for where to buy VeChain can probably think about buying it on OceanEx, since 2 projects have close partnerships, and it's safe to say that buying VeChain tokens (VET) on OceanEx is the most convenient way to get this asset. About 30 currencies can be traded against VET and USDT, while a significantly smaller number of assets (just above 10) can be sold against BTC. The most popular coins cannot be sold against BTC, but are available for trading paired with VET.

Commissions

This platform charges the same trading fees to all traders, regardless of whether they are producers (users who make liquidity by placing new orders on the exchange) or takers (those who simply accept placed orders, reducing liquidity). The trade fee is 0.1%. This is a fairly low trading commission when compared with the commission on other exchanges. Moreover, as already mentioned, OCE owners can pay lower fees. From time to time, the platform reduces trading fees for certain trading pairs.