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Andy Cheung, OKEx

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OKEx launches new Cosmos trading offering

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OKEx, a Malta-based digital asset exchange, has launched Cosmos (ATOM), a Proof-of-Stake cryptocurrency based on the Tendermint consensus protocol, on its spot trading market.

With a total supply of 236,355,290 ATOM, deposits of ATOM will be opened from 7:30 Apr 23, 2019 (CET, UTC +1) while ATOM spot trading against Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) will begin at 11:00 Apr 23, 2019 (CET, UTC +1). Users can make ATOM withdrawals from 7:30 Apr 26, 2019 (CET, UTC +1) onwards.

“OKEx always embraces the strong force driven by start-ups from worldwide. As one of the largest blockchain communities, we welcome high-potential tokens to be listed on OKEx. We are pleased to announce Cosmos (ATOM) launching on OKEx and this highly forward-looking cross-chain blockchain project can definitely drive the industry forward,” says Andy Cheung, Head of Operations of OKEx.

Developed by the Tendermint team since 2016, Cosmos aims to achieve a “blockchain-based internet” based on token transfer and to construct a deeply integrated token economy ecosystem. Cosmos Hub is the first cross-chain hub of the Cosmos ecosystem, and ATOM is the native staking token of Cosmos Hub, which can be used for spam prevention, staking dividends, and community management voting.

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