According to an official announcement on November 16th, in order to improve the experience of users' deposits and transactions, OKX has now reduced the number of network confirmations required for ETH and ERC20 tokens to be credited to 32 times, down from the previous 64 times. Withdrawal network confirmations are not affected.

According to official sources, on November 15th, OKX has exclusively launched a non-principal-guaranteed trading product called "Income Hunter" with higher annualized returns. It supports two participation modes: "invest U to earn U" and "invest coins to earn coins".<br>Through Income Hunter, users can freely choose two products based on market conditions: "earn when not rising" or "earn when not falling". Users can also set target prices, leverage ratios, and rolling reinvestment to increase capital utilization and achieve higher annualized returns. Users can upgrade to the latest version of the OKX APP and experience it immediately by entering "options" through "trading".

On November 15th, according to CoinDesk, OKX launched over-the-counter derivative trading, and there is no counterparty risk related to the platform's holding of assets, deepening its existing partnership with asset management company CoinShares and custody joint venture Komainu.

OKX has launched a network based on X1. X1 is a zkEVM Layer2 based on Polygon CDK, which ensures real-time finality of on-chain data, unified liquidity, and independent data availability. The network uses OKB as its native token.

According to the OKX market data on November 14th, OKB rose to touch 63.9 US dollars and then fell back, continuing to hit a historical high. It is now priced at 63.3 US dollars, with a 24-hour increase of 5.99%.

According to official sources, Volta Club has now added support for OKX Web3 wallet. Users can now perform cross-chain transactions, exchanges, and earn profits for their assets on Volta Club through the OKX Web3 wallet plugin. Volta Club is a decentralized autonomous organization (DAO) dedicated to supporting emerging projects through investment and promoting Web3.

OKX has officially launched spot copy trading. Spot copy trading on OKX is a new social investment method where users can automatically copy the selected spot trading positions of platform-designated traders. In addition, OKX spot copy trading also supports multiple currencies. Users can open the OKX App, click on "Trading" or "Discovery," select "Copy Trading" - "Spot" to immediately start experiencing it.

Lookonchain has monitored that the price of OKB has risen by about 34% in the past week. In the past 4 hours, two whale addresses have withdrawn a total of 199,633 OKBs (about $12 million) from OKX.

The market shows OKB has broken through $55 and is currently trading at $55.02, with a daily increase of 7.82%. The market is volatile, so please manage your risks.

On November 8th, Kyle, the product manager of OKX Web3, stated on BlockBeats' Bitcoin Ecology theme Space that in the Bitcoin ecosystem, Bitcoin NFTs are more meaningful, have more artistic characteristics, and more imagination compared to Ethereum NFTs, relative to meme hype. This is determined by the storage logic of Bitcoin NFTs.