Popular Seychelles-based cryptocurrency exchange OKX has announced the listing of Ondo Finance's native token ONDO on its spot market. Trading for the ONDO/USDT pair commenced at 8 AM UTC on July 29, with deposits opening an hour earlier. Withdrawals will be enabled starting July 30.
This listing enhances ONDO's market accessibility, joining established platforms like Binance Futures, KuCoin, Bybit, Coinbase, and most recently, Revolut's digital banking platform.
Ondo Finance: Bridging TradFi and DeFi
Founded in 2021, Ondo Finance specializes in tokenizing real-world assets (RWAs) with these key developments:
- **$40 million total funding** ($20M token sale + $20M Series A)
- Backed by Coinbase Ventures and Tiger Global
- APAC expansion with new regional office (January 2024)
- Strategic partnership with Mantra (June 2024) for tokenized US Dollar Yield
Token Allocation Breakdown
| Allocation Purpose | Tokens (Billions) |
|---|---|
| Ecosystem Growth | 5.21 |
| Protocol Development | 3.3 |
| Private Sales | 1.29 |
| Community Access Sales | 0.198 |
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Market Response and Performance
Following the OKX listing announcement:
- 7% immediate price spike (settled at +5% daily gain)
- Current price: **$1.02** (31% below January's ATH of $1.48)
- Market cap: $1.42 billion (#61 cryptocurrency)
- 24-hour trading volume: $96 million
Historical Performance Metrics
- 500%+ annual growth (CoinMarketCap data)
- Strong liquidity across multiple exchanges
- Positive correlation with RWA sector growth
Frequently Asked Questions
Q: When can I withdraw ONDO from OKX?
A: Withdrawals begin July 30, one day after trading commenced.
Q: What makes Ondo Finance unique?
A: Its focus on institutional-grade RWA tokenization with TradFi partnerships.
Q: How does this listing affect ONDO's long-term value?
A: While listings improve accessibility, always conduct independent research as markets fluctuate.
Q: What's Ondo's key competitive advantage?
A: First-mover status in compliant RWA tokenization with major financial backers.
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Market Outlook
The OKX listing represents a significant milestone for Ondo Finance's ecosystem growth. With strategic partnerships and increasing institutional interest in RWAs, ONDO demonstrates strong fundamentals despite typical crypto market volatility.
Analysts suggest watching these key factors:
- Continued RWA sector adoption
- Institutional partnership announcements
- Regulatory developments in tokenized assets
Note: This content is for informational purposes only. Market conditions change rapidly—always verify information independently and consult financial professionals before making investment decisions.