
币圈女菩萨 | Pizza披萨🍕|Apr 17, 2025 02:19
Every time OKX makes a move, it's a big deal.
OKX and Standard Chartered Bank have collaborated to launch a collateral mirroring program.
What is the Pledge Mirror Plan@ okxchinese
Simply put, this is a 'black technology' that allows institutional leaders to play cryptocurrency trading with peace of mind and efficiency.
You have encrypted assets, such as Bitcoin, Ethereum, or tokenized traditional assets like money market funds, and want to use them to speculate and leverage on OKX, but you don't want to directly throw the assets onto the exchange, fearing it may be unsafe.
Assets do not move: Your coins or assets are honestly stored with Standard Chartered Bank, a super secure bank level custodian that no one can steal.
OKX will 'copy' a 'shadow' of your assets on its platform, which is a mirror image. You can play with this shadow on OKX, trade, borrow anything, and the actual assets are still stable in the bank.
For example, it's like locking your gold bars in a bank safe, but the bank gives you a "gold bar model". You take this model to the market to exchange things, and after the transaction is completed, you can always return to the bank to retrieve the real gold bars.
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