announced Today, cryptocurrency exchange OKEx announced a compensation and reward scheme for users who continued trading on the platform even after all withdrawals had ceased.

Withdrawals are scheduled to open from November 27, more than a month after the temporary suspension.

Cryptocurrency exchange OKEx plans to reopen withdrawals from this date

On the occasion of the reopening of all withdrawals, OKEx CEO Jay Hao stated:

We know that we are nothing without our users and we want to prove this by offering them great rewards and incentives to ensure that our favorite OKEx platform remains.

OKEx ran into trouble last month after an investigation was opened with its founder and private key holder for signing withdrawals by Chinese police, causing OKEx to stop processing all withdrawals.

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OKEx CEO Jai Hao urged users to stay and continue trading on the platform as normal until withdrawals return.

Today, the OKEx platform wants to give back to its users and keep them, after opening the withdrawals.

As rewards were announced for users who own more than $10,000 in total cryptocurrency on the platform.

The bonus for users of the OKEx platform is estimated between $100 and $1,000 depending on the volume they traded in the period when withdrawals were paused, and the reward will be in the form of a deduction from the trading fees.

Other users, holders and depositors will receive bonuses from the “Incentive Fund” created by OKEx, with a 20% reduction on forward and permanent swap transaction fees for the past seven weeks.

The rewards will depend on the total assets they own and the amount traded.

OKEx will also continue to reward users over the next few weeks as part of the Happy Friday promotion.

And OKEx indicated in a recent blog that it will work to avoid what it has been exposed to in the past days from stopping withdrawals in the future.

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where it came in Blog:

If any private key holder is temporarily unable to perform their duties due to an accident or involvement in a highly confidential business, we will enable the backup private key within 30 days.

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