OKX Adds Support for OKB as Collateral in C2C Loans
Dear valued customers,
we are pleased to announce that OKX will be supporting OKB as a collateral option for our C2C loan functionality, accessible via both the web and the app version.
Our C2C loan functionality allows users to lend and borrow funds via the loan market, and starting from July 17, users will be able to pledge OKB as collateral for loans, along with BTC and ETH.
Here are the steps to pledge OKB as collateral for C2C loans:
1. Login to your OKX account and navigate to Finance on top of the homepage or on the app, and then select C2C Loan.
2. In the next section, you can enter the amount you wish to borrow in terms of USDT (other currencies will be supported in the future) and select the supported collateral assets, including BTC, ETH and now OKB.
3. Finally, choose the term for the loan, the loan-to-value percentage and the daily interest before confirming your borrowing request.
Once your loan advertisement is issued, investors can view it in the loan market and invest their USDT to fulfill your request.
If you have any questions regarding the use of OKB collateral option on C2C loan, please check the C2C loan FAQ, C2C loan tutorial or contact customer service.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
July 17, 2020 (UTC)
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