Blog (315)

By Hong Fang, OKX President We’re witnessing a cryptocurrency evolution, offering an alternative to traditional systems with a more decentralized governance structure, enhanced transparency, and greater integrity. The Web3 transformation, powered by onchain technology, fosters increased inclusion by enabling ordinary people to participate more fully and directly in the financial system. In this evolution, one shared theme stands out in this new alternative path forward: giving power back to people.

Today, we're pleased to introduce a new 'Smart Sync' feature to our Spot Copy Trading tool. This addition enables eligible customers to effortlessly mirror a lead trader's entire spot portfolio with just one click, ensuring a seamless and precise replication of their trading strategies.

Our MENA General Manager Rifad Mahasneh will participate in a panel discussion titled "Web3 Emirates Today: Startup Hub and High-Competitive Reality" on October 22 Today, we're pleased to announce that we are a Special Sponsor of Blockchain Life 2024, a crypto- and Web3-focused forum to be held in Dubai's Festival Arena from October 22-23.

Today, we're happy to announce the appointment of Yuri Mushkin as our Global Chief Risk Officer, based in Singapore. Yuri joins us from McKinsey Investment Office ("MIO") Partners, a global investment advisory institution which manages over USD20B across public and private markets. He brings over two decades of capital markets and risk management experience across traditional and digital assets, serving in executive roles at multinational companies such as Goldman Sachs and McKinsey & Co. In his current role, Mushkin leads our firm's global risk strategy and a business-independent enterprise risk function, reporting directly to the CEO and Board of Directors.

Dubai's visionary Museum of the Future provided a fitting backdrop as we announced the official launch of our VARA (Virtual Asset Regulatory Authority)-licensed crypto exchange in Dubai , United Arab Emirates (UAE), on October 10, 2024. Not just another pin in our map of licensed locations globally, this milestone marks something much bigger — a new alternative to traditional finance for Dubai.

By OKX Middle East GM Rifad Mahasneh Tonight, on stage at our gala event at the Museum of the Future, I had the honor of announcing that we've officially launched our VARA-licensed crypto exchange in Dubai.

The grant will support 2140 Foundation's multi-year effort to foster long-term security, resilience and maintainability of the Bitcoin network The grant was unveiled by 2140 Foundation Co-Founder Josie Baker today at Bitcoin Amsterdam 2024

Our OKX OS provides a full set of tools, SDKs and APIs for developers to build and scale applications across 100+ chains without limits Tech is used by hundreds of projects, processing more than 400 million daily API calls

Our 23rd consecutive Proof of Reserves (PoR) report is now live, confirming USD19.4 billion in primary assets backing customer funds. Key highlights of our PoR: This month, we optimized our PoR process, reducing the proof file size from 2.55GB to 598KB for faster, more efficient verification

We've just launched Elite Circle , a first-of-its-kind, tier-based rewards and community program tailored for lead copy and bot traders. This program sets a new benchmark in the crypto trading industry, offering performance-based rewards while fostering a collaborative global community of traders.

This week at TOKEN2049 Singapore, we reimagined the onchain experience by unveiling our revamped Wallet, launching a new Legend Reborn racecar livery with McLaren Racing, and engaging with thousands of industry attendees at side events and through product showcases.

Today, we joined with McLaren Racing to reinvent the MCL38 F1 car with a limited-edition Legend Reborn livery design to be carried on the McLaren MCL38 F1 race cars at the 2024 Singapore Grand Prix.

A message from OKX Chief Marketing Officer Haider Rafique Today, we joined with McLaren Racing to reinvent the MCL38 F1 car with the limited-edition Legend Reborn livery design. Legend Reborn will hit the track at this weekend's Singapore Grand Prix.

We're happy to announce that we are the Title Sponsor of TOKEN2049 Singapore, Asia's premier Web3 and crypto conference, for the third consecutive year. The event will take place from September 18-19 at Marina Bay Sands Convention Centre.

With this latest update, we're simplifying crypto arbitrage by automating spot and perpetual futures position placements for eligible users of our 'Smart Arbitrage' bot We're pleased to announce a major update to our trading bot, making the tool more user-friendly and accessible for traders of all experience levels. This automated trading tool helps eligible users to optimize potential returns while mitigating market risks through the strategic maintenance of balanced positions across spot and perpetual futures markets.

A message from OKX President Hong Fang What's New Today, we announced two major developments in Singapore. Both developments showcase our continued commitment to building responsibly in the Lion City . First, following from the Monetary Authority of Singapore (MAS) in February, we're pleased to have now received approval for an MPI license from the MAS. We feel privileged to have the opportunity to continue to contribute to the local community in a secure, transparent and thoughtful way. The country is a key market in our global strategy, and receiving an MPI license marks another milestone for us in our long-term commitment to Singapore.

A message from OKX Singapore CEO Gracie Lin I'm thrilled to share that I've joined OKX Singapore as CEO. I've taken on this challenge because I believe that crypto represents the next frontier of innovation, and Singapore plays a significant role in adoption. I'm confident that we're well-placed to connect Singapore customers with the onchain world in a secure and seamless way.

A message from OKX Chief Marketing Officer Haider Rafique I'm happy to announce our collaboration with Forbes, offering our onchain wallet users a fast-track application for the Legacy Pass NFT. This digital collectible unlocks a membership club uniting Web3's brightest minds, granting access to an elite network of industry leaders.

A message from OKX Global Chief Commercial Officer Lennix Lai. Opinions are that of the author and do not reflect OKX's official view. Not financial advice. I'm pleased to share the launch of our new research brief, " ," commissioned by OKX Institutional and authored by Economist Impact. This comprehensive study features insights and analysis from industry leaders such as Citi, Skybridge Capital and VanEck, and delves into the transformative potential of digital assets for institutional investors with a focus on four key areas: institutional asset allocation, custody, regulatory developments and risk management.

We're happy to announce our investment in Space and Time (SxT) . SxT is the verifiable compute layer for AI and blockchain that combines tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and large language models (LLMs).

We've just published our 22nd consecutive Proof of Reserves (PoR) report, which confirms USD19.8 billion in primary assets backing customer funds. To date, more than 1.8 million customers have viewed and used our PoR tool to confirm their assets are backed 1:1. We continue to maintain over 100% reserve ratios for 22 of the most commonly traded assets on our platform, including BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH.

We're happy to announce that we're a sponsor of CoinFest Asia 2024 , a premier crypto- and Web3-focused conference held in Bali from August 22-23. On the first day of the conference, our Australia entity's General Manager Jamie Kennedy will speak at a panel entitled 'Risk vs Reward: Institutions & Digital Assets,' alongside Gemini Head of APAC Saad Ahmed, Upbit Chief Operating Officer Raks Sondhi and Flipster Head of Compliance Mohd Kifa. The panel, focusing on evolving regulations and institutional strategies around digital assets, will be moderated by Indonesia Blockchain Association Founding Member Yos Ginting.

By Jamie Kennedy, OKX Australia General Manager I'm thrilled to share that we have launched our Australian dollar (AUD) trading order books today. OKX customers in Australia will be able to trade major cryptocurrencies USDT, USDC, BTC and ETH, against AUD.

Users of our wallet can now initiate blockchain transactions, such as token staking and swapping, across multiple chains directly on social media sites with zero fees Today, we're happy to announce that our OKX Wallet now supports Blockchain Links (Blinks) - tools that turn onchain transactions into clickable links - across all EVM-compatible chains. Our multi-chain wallet is the first to extend the Blinks capability beyond Solana to multiple chains.