Malta based crypto exchange of OKEx has announced that it will be adding support for XRP and Bitcoin Cash (BCH) on its C2C (Customer to Customer) trading market. This market deals with fiat-to-cryptocurrency trades and provides users with an opportunity to buy and sell digital assets from each other using prominent fiat currencies. The peer-to-peer market currently supports the fiat currencies of British Pound (GBP), Chinese Renminbi (CNY), Vietnamese Dong (VND), Russian Ruble (RUB) and Thai Baht (THB).
Delisting QTUM , NEO and (XUC) from the C2C Market
At the same time the OKEx will be delisting QTUM (QTUM), NEO (NEO), and Exchange Union (XUC) from the C2C trading platform effective Monday, February 25th, at 4am (CET). No direct explanation has been given for the delisting. Traders are advised to cancel all open orders by the stated time to avoid any inconveniences.
C2C Market Allows Users to Buy and Sell from Each Other
XRP and Bitcoin cash join four other digital assets on the C2C: Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Litecoin (LTC). They are also paired with the five fiat currencies mentioned earlier.
The C2C trading platform provides a convenient and accessible way for the public to trade digital assets using familiar fiat currencies. According to OKEx, users can place orders with self-selected exchange rates and payment methods with zero transaction fees.
The final stage in the trading procedure is as follows.
For buying: Pay according to the payment method available. Then select “I have paid”. Once the seller confirmed the receipt of your payment, they will release the tokens.
For selling: Wait for the buyer to transfer the payment. Please make sure that you have received the payment before releasing the tokens.
Users are advised to always double check with banks for the completion of fiat transactions. More on this can be found on the OKEx support page.
What are your thoughts on OKEx listing XRP and BCH on its C2C trading platform? Is this customer-to-customer model of trading crypto using fiat the next step in decentralization? Please let us know in the comment section below.