Main crypto change OKEx has modified its model identify to OKX because it says it’s now “a lot greater than an change.”
“Our purpose is to provide clients the instruments they should simply and securely earn, switch and spend their wealth as they see match, with out intermediation from us,” Jay Hao, CEO of OKX, said. “We’ve dropped the ‘E’ from our identify as a result of we’re a lot greater than an change, similar to crypto is a lot greater than a speculative asset.”
The corporate noted that they intend to enterprise into crypto segments like decentralized finance (DeFi) and non-fungible token (NFT)-powered play-to-earn gaming.
The CEO added that the brand new OKX identify “upholds the core ideas of crypto — decentralization & autonomy.”
“We’re shifting past the usual centralized change mannequin to provide clients an end-to-end cryptocurrency expertise,” he added.
The OKX has additionally been creating a set of decentralized merchandise to spice up its presence in Net 3. Specifically, OKX has been designing MetaX, a noncustodial pockets suitable with quite a few blockchains, an NFT market, and a yet-to-be-launched decentralized change (DEX) dubbed OEX.
Based in 2017 as OKEx, the platform says it has onboarded over 20m customers worldwide. The corporate is now the second-largest crypto change by spot buying and selling quantity, and has a “normalized” 24-hour buying and selling quantity of over USD 5bn, and lists 535 buying and selling pairs, per CoinGecko.com knowledge. Binance is the chief, with USD 14bn buying and selling quantity and 1,420 buying and selling pairs.
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