OKEx, one of the largest cryptocurrency exchange platform, boasting more than $1 billion in trading volume a day, has announced that they have listed the currency Waves [WAVES] on their exchange. The trading pairs available will be WAVES/BTC, WAVES/ETH, WAVES/USDT, and WAVES/OKB.
The Waves deposit goes live at 08:00 UTC, June 14th. On June 15th, Waves spot trading [BTC, ETH, USDT, OKB Market] starts, at 08:00 UTC. Waves withdrawal will be made available at 10:00 UTC.
At the time of writing, WAVES is priced at $3.52, with a market cap of $352,136,000. It is ranked at number 41 by CoinMarketCap in terms of market cap. Waves is a decentralized blockchain platform focused on custom token blockchain operations and is designed for large-scale business and consumer adoption.
The platform was launched in April 2016 and the first production cryptocurrency system to be built in Scala, a general purpose programming language designed to address the criticisms of Java. There 100 million WAVES going around, which are used to fuel every activity on the WAVES platform.
OKEx has thorough norms before token listing, as they have already stated. Before they call a public vote for a new token listing, their listing team conducts a rigorous review process. This process also includes their Prime Investors, who have the privilege of endorsing a product they favor. OKEx Prime Investors are reputable and experienced institutions or individuals in the blockchain industry.
Once this is done, the voting for a new project to be listed on OKEx goes public, using the OKB token to cast votes. Those holding a large number of OKB tokens can significantly influence the token listing process.
PuckFoloniex says on Reddit:
“Waves is already listed in 2 best exchanges, new exchanges won’t have any effect on price if you are wondering.”
To which glerant, another Reddit user, replies:
“Of course it will. Many people who trade infrequently on exchange with no WAVES market can’t be bothered to send BTC or ETH to one that has. Waves is not inflationary so more demand will raise price.”