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Crypto Exchange OKEx Signs MOU With Crypto Wallet BitBerry

OKEx-and-Bit-Berry-Work-to-Support-Each-Other’s-Wallets

Leading crypto exchange OKEx has signed an MOU with crypto wallet provider BitBerry to help each other in the crypto industry. In addition, BitBerry will list OKEx’s native token OKB on its platform.

BitBerry CEO Jae Bum Yoo expressed his excitement with the partnership, saying that it’s a “win-win” situation for them.

He expressed,

Having OKB listed on our wallet is a gateway for our platform to grow globally. OKB is a top 20 coin according to CoinGecko.com and Blockreview.net, so we want our users to be exposed to coins and products ranging from DEFI.

OKB is an ERC-20 utility token that can be used as collateral in C2C loans on OKEx after listing. Moreover, customers can borrow USDT by pledging OKB without any service fees. In addition to that, they can take benefits of the minimum interest on borrowing, which is as little as 0.01% per day.

OK Blockchain Foundation issued OKB, which gives various benefits to users of the OKEx cryptocurrency exchange. On the other hand, BitBerry is a leading crypto wallet located in South Korea and boasts over 100,000 customers.

BitBerry is actively looking to provide its customers more access to the decentralized finance (DeFi) space. This leads customers to access decentralized exchanges like Uniswap, which are known for rejecting Know-Your-Customer (KYC) protocols.

One of Bit Berry’s unique features is that it allows users to transfer money via phone numbers by issuing a unique address based on the unique phone number. The login process is simple and makes it easier to remember. Moreover, this reduces the chance for transactors to lose their funds.

Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.