Ouyiokex no longer updates earnings

OKEx has stopped updating the yield and income forecasts in its income products due to changes in the industry environment, regulatory compliance and user needs. This decision affects user transparency, difficulty in risk assessment, and limited product selection. OKEx is exploring alternatives, such as time deposits and financial products, to meet users' needs for stable income.

Why did OKEx stop updating earnings?

Reason:

OKEx issued an announcement on January 24, 2023, announcing that it would stop updating the yield and income forecasts in income products. This decision is the result of the following factors:

• Changes in the industry environment: The cryptocurrency market is highly volatile, making the yield of income products difficult to predict.
• Regulatory Compliance: OKEx is committed to complying with global regulatory requirements, including transparency and risk disclosure of income products.
• User needs: OKEx hopes to provide users with clearer and more transparent income information.

Impact:

Stop updating yields and revenue forecasts in income products will have the following impact on users:

• Transparency improvements: Users no longer see unrealistic yield estimates in income products , thus improving transparency.
• Harder risk assessment: Due to the lack of yield and benefit forecasts, it may be more difficult for users to assess the potential risks and rewards of income products.
• Limited product selection: Reduced information available to users when selecting revenue products, which may result in a narrowed range of product choices.

Alternatives:

OKEx is exploring the launch of new products and services to meet users’ needs for stable income, such as:

• Time deposits: Provide time deposit products with fixed interest rates and terms .
• Financial management products: Introducing financial products in cooperation with external managers to provide diversified investment options.

Conclusion:

OKEx’s decision to stop updating the yield and income forecasts in its income products is aimed at improving transparency, complying with regulatory regulations and meeting user needs. This change will affect users’ income evaluation and product selection, but OKEx is exploring alternatives to continue to provide users with stable income opportunities.

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