OKEx is the latest cryptocurrency exchange to hop on the DeFi bandwagon. On August 28, they announced listings for eight different DeFi tokens, including Band Protocol (BAND), JUST (JST), REN, Reserve Rights (RSR), Yearn.finance (YFI), Nexus Mutual (wNXM), YFII.finance (YFII), and Tellor (TRB). These new listings expand their DeFi suite to a total of 27.
OKEx’s CEO, Jay Hao, praised the DeFi sphere, stating:
“OKEx has been keenly observing the DeFi market dynamics and trying our best to collaborate with high-quality innovative DeFi projects that show the most potential. We are very encouraged to see so many excellent projects emerging in the market, as this also indicates that the DeFi space is developing rapidly.”
OKEx is certainly not alone in its commitment to this particular facet of Blockchain’s ecosystem. In April, Binance issued a new DeFi token backed by the crypto asset, Ontology (ONT). Built on Binance Chain and governed by a series of parameters known as BEP2, the new token goes by the name ONT-33D, a Binance spokesperson told Cointelegraph.
Back in June, Coinbase announced support for the popular DeFi project, Compound (COMP).