OKX Adds Suiswap Spot Pair and Concludes 20th Round of OKB Buy-Back and Burn Program

OKX Adds Suiswap Spot Pair and Concludes 20th Round of OKB Buy-Back and Burn Program

OKX, the second-largest cryptocurrency exchange by trading volume, has announced a major initiative to enhance its trading options and promote token sustainability. The exchange has added the Suiswap spot pair to its platform, allowing users to access liquidity and benefits from Suiswap and diversify their trading opportunities.

Simultaneously, OKX has successfully completed its 20th round of the OKB buy-back and burn program, highlighting its commitment to maintaining a strong and sustainable token ecosystem. This dual development represents a significant milestone in OKX’s ongoing efforts to offer users a comprehensive and efficient trading experience.

OKX has introduced the Suiswap spot pair to its spot market, enabling users to trade Suiswap’s native token, SSWP, against USDT through the SSWP/USDT pair. By incorporating Suiswap into its platform, OKX expands trading possibilities and allows users to engage with the decentralized exchange (DEX) and token exchange built on the Sui blockchain.

Additionally, OKX Wallet has recently announced its integration with Sui, facilitating seamless trading and swapping of various tokens across the Sui network. This integration empowers web and mobile users with cross-chain and multi-chain capabilities, enabling them to explore a broader range of tokens within the Sui ecosystem.

OKX has successfully completed its 20th round of the OKB Buy-Back and Burn program, which ran from March 1, 2023, to May 31, 2023. During this period, OKX acquired and burned an impressive 5,497,312.77 OKB tokens, equivalent to approximately $258 million, from the secondary market. Since the program’s launch in May 2019, OKX has consistently demonstrated its commitment to token sustainability by purchasing and burning a total of 64,042,314.70 OKB tokens. As a result, the circulating supply of OKB now stands at 235,957,685.30.

To ensure transparency and allow users to monitor the circulating supply of OKB, OKX regularly releases reports detailing the progress of the buy-back and burn program. These reports provide information on the amount of OKB burned, the corresponding date range, and the token burn address. The successful completion of the 20th round of the OKB Buy-Back and Burn program represents a significant milestone in strengthening the OKX ecosystem.