OKEx is expanding its decentralized finance (DeFi) work by starting a non-fungible token (NFT) marketplace and DeFi Hub.
In a statement, the world’s second-largest crypto derivatives exchange by trading volume, OKEx said it has launched DeFi Hub. It is a platform that allows users to observe and manage decentralized assets across several blockchain networks and DeFi protocols.
What is more, OKEx joined the list of crypto exchanges like Binance by launching an NFT marketplace that allows users to mint, sell and trade NFTs.
According to the company, its 2 new platforms are designed to enhance each other. OKEx crypto exchange said,
“The creation of DeFi Hub signals the company’s commitment to protecting the interests of creators by giving them lasting incentives in the subsequent sales of their work.”
Also, the company said that the OKEx NFT Marketplace is an end-to-end NFT platform built to empower creators and inspire collectors. Through the platform, users can buy, sell and trade NFTs directly. Also, users can mint their own NFTs, using the OEC or Ethereum blockchains.
In addition, OKEx noted that newly minted NFTs will be available for sale on NFT Marketplace. More so, creators are given the versatility to set their own royalty fees.