Blog (344)

I'm thrilled to see the overwhelming optimism Brazilians have towards crypto's potential to transform finance and other industries. Our recent OKX Brazil Survey found that 91% of surveyed crypto users believe crypto can revolutionize these sectors.

Today, we're excited to announce the release of our latest Proof of Reserves (PoR) report, demonstrating a total of USD22.1 billion in primary assets backing user funds. This represents our 17th consecutive month of publishing Proof of Reserves (PoR) reports, which highlight the reserve ratios of the 22 most frequently traded assets on our platform: BTC, ETH, USDT, USDC, XRP, DOGE, SOL, OKB, APT, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX, UNI and BCH. Consistent with our previous reports, our 17th PoR reveals reserve ratios of over 100% for all these assets, providing assurance that user funds are backed 1:1.

We are excited to announce today a first-of-its-kind partnership with Hong Kong University of Science and Technology (HKUST) on a joint research project exploring the implementation of zero-knowledge (ZK) proofs and development of new cryptographic protocols. These advancements aim to enhance the scalability and efficiency of ZK decentralized exchanges (ZKDEXs).

Merhaba! Today marks a landmark achievement in the evolution of cryptocurrency and decentralized finance in Türkiye, as we proudly unveil OKX TR , our cutting-edge crypto platform, meticulously designed for Turkish users.

We now offer Turkish Lira fiat on-ramp capabilities, direct bank deposits and withdrawals for Turkish users through OKX TR At OKX TR, we provide 24/7 local customer support in Turkish Today, we're announcing the official launch of our crypto exchange in Türkiye, . We are proud to provide Turkish users with a trusted, compliant and transparent gateway to crypto trading and decentralized finance. Currently, the OKX Web3 Wallet is available in Türkiye via our global platform.

We're excited to announce the release of our 16th consecutive Proof of Reserves (PoR) report , highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets. Our PoR report offers a detailed look at the reserve ratios of the most frequently traded assets on our platform. For the first time in January 2024, we included Bitcoin Cash (BCH) in our PoR report.

We recently conducted a survey of over 750 Brazilians to gain insights into how they view cryptocurrencies and crypto's potential to transform finance and other industries. The survey included both crypto users and non-users, and the results were eye-opening.

Today, we announced that the OKX-sponsored Majesticks GC will play at its first ever LIV Golf Hong Kong tournament on 8-10 March, and will feature our branding on its team kits during the tournament.

International Women's Day (IWD) is an occasion to celebrate the achievements and contributions of women, and also a call to action for the pursuit of a more equitable world. This year's theme, 'Inspire Inclusion,' reminds us of the importance of diversity in the workplace because of the tangible benefits diversity brings in terms of leadership and decision making. So, this IWD, we'd like to take a moment to share our thoughts on inspiring inclusion in crypto.

Today, we're excited to announce our strategic investment, through our investment arm, OKX Ventures, in DeBox , a decentralized social networking platform for Web3 communities and Decentralized Autonomous Organizations (DAOs).

Today, we're excited to announce that our investment arm, OKX Ventures , has joined a US$50 million Series A funding round for Eclipse , a pioneering Ethereum Layer 2 solution utilizing the Solana Virtual Machine (SVM).

Today, we're proud to announce that our investment arm, OKX Ventures , is leading the latest investment round in UXLINK , a Web3 social platform. UXLINK combines a Web3 gateway, a social DEX and infrastructure with the goal of facilitating mass adoption.

Today, we're proud to announce that our investment arm, OKX Ventures , has invested in DLC.Link, the first native Bitcoin cross-chain protocol. This groundbreaking project leverages Discreet Log Contracts (DLCs) to enable Bitcoin to be used in DeFi protocols while being held in self-custody wallets.

Today, we're excited to announce that we have added support for the Atomicals (ARC-20) Bitcoin inscription standard on our Inscription Market , formerly known as Ordinals Market. This addition enhances the range of options available to our users to create, buy and sell inscriptions across an expanding roster of token standards.

Today, we're excited to announce that we've opened entries for our Bitcoin halving -themed ' The Ultimate Bitcoin Rush ' and ' OKX Web3 Bitcoin Drop ' trading campaigns, featuring a prize pool worth over 10 BTC.

We are pleased to announce that we have invested in Zeus Network , the first and only permissionless communication layer on Solana and Bitcoin. Zeus Network enables dynamic, secure composability, creating a decentralized ecosystem for seamless user engagement and liquidity interaction.

What are we made of? In the last two years, our industry has faced significant headwinds. Big players came and went, people declared bitcoin dead hundreds of times. We were forced to look inward and make tough decisions.

We're happy to announce that we've published our inaugural ' Institutional Basis Trading Report .' The report analyzes the institutional basis trading landscape and strategies, as well as drivers behind the nearly 30% Ethereum (ETH) and Bitcoin (BTC) annualized basis observed towards the end of March 2024.

We're happy to announce our investment in Tomo, a Web3 social finance (SocialFi) protocol. This investment underpins our commitment to supporting innovative blockchain technology and Web3 social platforms that redefine the way users connect and interact with each other online.

We're thrilled to announce the enhancement of our Copy Trading tool with the introduction of 'Smart Sync.' This innovative feature mirrors the trades of lead traders, with order margins being determined by the lead trader's margin and the copy trader's available funds. It replicates the trader's position size, margin and actual position without the need for manual adjustment of parameter settings.

Today, I'm excited to announce that we have rebranded Okcoin Europe Ltd. to OKX in Europe. In my role as the General Manager for the region, my responsibility is to establish local teams that propel our user-centric global strategy. Local efforts are crucial to our diverse crypto communities amongst our 50 million users worldwide, and we're ensuring a tailored experience in key markets by optimizing our platform to reflect the community's trading preferences, favored payment methods, and fiat on-ramps.

A message from OKX Chief Marketing Officer Haider Rafique Today we launched the public mainnet of our Layer-2 (L2), X LAYER, building with more than 200 dApps across the network. X LAYER is integrated with OKX Exchange (CEX) and the OKX Web3 Wallet. Users can seamlessly bridge assets from the two platforms to LAYER to interact with with the DApps deployed on the network.

The report also discloses our recent investments in io.net , MyShell , 0G , FLock.io and 0xscope Today, we published a report titled ' Unlocking the Infinite Potential of Crypto and AI .' The report explores the convergence of AI and crypto, a major trend in the current market cycle that is giving rise to new applications and innovations encompassing areas like model training, AI agents, metaverse, gaming and robots as a service.

As President of OKX, I'm excited to share that we've secured an in-principle approval for a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). I'm proud to say that OKX is among the most trusted crypto platforms in the world. Millions of customers feel safe accessing and interacting with the crypto markets through our platform. An important part of our global strategy is to identify key markets, build locally, and make long-term investments. As we build technology globally to empower the future, we're continually humbled by the opportunities to be part of local communities.