OKEx, which is currently the second largest crypto trading platform by reported volume, is apparently open to listing small-cap altcoin projects.
According to a recent tweet by OKEx’s head of operations, Andy Cheung, the exchange is considering listing Fantom (FTM), a Directed Acyclic Graph (DAG) based smart contract platform that aims to solve the scalability issues of distributed ledger technologies.
Our team have focused on "housekeeping" for the past months until recently we started listing again. I'll let my team know about $FTM!
— Andy Cheung OKEx (@AndyC0125) May 19, 2019
Cheung has previously stated regarding listings on OKEx, “Quality projects only, no BS. We’re open to listing suggestions, but please make sure they are QUALITY ones.” This strategy, which is similar to Binance, could open up opportunities for smaller projects to gain significant liquidity and awareness.
As for Fantom, the project has gained the attention of many across social media for its list of reported strategic partners and rumors of major collaborations with corporations and government bodies.
Most recently, the Fantom Foundation partnered with the Fusion protocol to expand the accessibility and reach of Fantom’s DAG-based distributed ledger.
FTM is currently up 2.3% on the day to $0.01399, giving the altcoin a $25.4 million market cap. Fantom is currently available on KuCoin and several smaller exchanges.
More: Andy Cheung’s Tweet
Related: Fantom Selects Fusion’s Industry-First Interoperability Solution to Broaden Compatibility and Fast-track Adoption of Fantom DLT
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.