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OPNX debt trading is now live on Three Arrows Exchange! Celsius debt tokens are available for trading, but the trading volume is 0.

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OPNX debt trading is now live on Three Arrows Exchange! Celsius debt tokens are available for trading, but the trading volume is 0.

The bankruptcy claims exchange OPNX launched a new platform token OX and governance platform The Herd yesterday. The previously rumored debt trading feature set to launch in May is now officially live with the first trading pair being CELSIUS/USDT, although there have been no trades yet.

Related reading: Three Arrows Exchange OPNX launches governance platform and new platform token "OX"! Debt trading feature to be launched soon, with Celsius and FTX as the first trading pairs.

OPNX Bond Trading Function Launched! How to Use It?

According to the operating instructions provided by OPNX, there are 3 steps required to tokenize bonds for trading:

  1. Create an OPNX account and complete KYC.
  2. Provide detailed bond information and submit a bond transfer application.
  3. Sign the bond transfer agreement.

After completing the above steps, you can start trading bond tokens on OPNX. Currently, the only trading pair available is CELSIUS/USDT, with FTX bonds expected to be the next to be listed.

Additionally, if you use the platform token OX for payment during the bond tokenization process, you can save up to 80% on fees.

OPNX Bond Trading Lacks Interest, No Trading Volume at All

After observing the trading situation on OPNX, it was found that since the listing of CELSIUS/USDT trading pair, there have been no trades executed, with only 5 buy orders on the order book.

However, besides selling bond tokens for liquidity, by clicking on the "Apply for collateral" button on the trading interface, bond tokens can also be used as collateral to borrow other assets.