Blog (336)

OKX's first co-authorship of Ethereum Request for Comment (ERC) standard, in collaboration with Biconomy, ZeroDev and Rhinestone, seeks to enhance interoperability and improve Web3 wallets' end-user experience

I'm pleased to announce a major milestone in OKX's global expansion - we have officially launched our leading crypto exchange and Web3 services in Argentina! Given Argentina's position as one of the top crypto markets in Latin America with rapidly accelerating adoption, it represents an exciting milestone as OKX's latest global launch. Consumer demand for crypto assets continues to surge as innovations in the country evolve at a stunning pace. It's that combination of an established crypto foothold and swift evolution that makes Argentina so exciting as our next market.

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.

Singapore, February 9, 2024 – OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX, is pleased to announce its investment partnership with Bitmap Tech , the team behind Merlin Chain, a native Bitcoin Layer 2.

Hong Kong, February 14, 2024 -- OKX , a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today celebrated the unveiling of the MCL38 race car which will hit the track for the upcoming 2024 F1 season with new OKX branding on the side pods for 20 races, in addition to other OKX branding placements on the car.

Hong Kong, February 8, 2024 -- OKX Ventures , the investment arm of leading crypto exchange and Web3 technology company OKX , today announced a seed investment in DEXTools , the leading DeFi analytics platform. The investment establishes a partnership between DEXTools and OKX, who are dedicated to advancing blockchain innovation, and sets the stage for DEXTools analytics to be integrated to the OKX Web3 Platform. 

Today, we're excited to announce the appointment of Mehmet Çamır as Chairman of the Board for OKX Türkiye (OKX TR). Mehmet, who has served in Türkiye’s foremost public and private banking institutions and the Turkish Wealth Fund, brings his expertise in regulation, financial markets, public relations and audit, along with his knowledge of the crypto and blockchain space.

Today, we are excited to announce the launch of our 'The Genesis of Smart Trading' campaign . This campaign features a prize pool worth over 100,000 USDT and exclusive token airdrops for eligible users.

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.

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 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.

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.