Bitcoin-exchange OKEx has announced the launch of the CoinAll crypto-exchange, which will operate as the “white label” scheme. The launch of the new platform is a part of the Open Partnership program, which started in June.
CoinAll will allow Open Partnership participants to use the services of OKEx, in particular, the clearing system, cold and hot wallets, AML/KYC (anti-money laundering / know your customer).
CoinAll also issued 10 billion CAC tokens. The coin will be mined using the trans-fee model, which is the mechanism for receiving tokens issued by the exchange as a reward for trading activity.
The developers said that CoinAll is the first autonomous exchange operated by the community.