Tag: OKX

OKX CEO Star Xu has announced that the exchange will terminate any accounts found to be using Tornado Cash in a move to bolster financial integrity and enhance compliance with international sanctions. Xu stressed that OKX's risk control mechanisms will be activated if users deposit funds from sanctioned entities like ...

OKX has announced Malta as the hub for its Markets in Crypto-Assets (MiCA) to align with its plans to become the industry-leading exchange in the European Union (EU). According to a press release published today, Thursday, July 18, 2024, the crypto exchange chose the country because of its stringent regulatory ...

Dilation Effect, a group of Web3 security enthusiasts, has conducted an extensive investigation into OKX's security protocols in response to recent security incidents surrounding the exchange. Their report, published on June 10, 2024, tried to address questions regarding the platform's ability to safeguard user accounts from unauthorized access. The investigation ...

In a move signalling a strategic foray into the gaming industry, OKX Ventures, the investment arm of the renowned cryptocurrency exchange and Web3 technology company OKX, has announced a pivotal investment decision in a recent press release by global news wire. In a bold step towards revolutionizing interactive entertainment, OKX ...

OKX has officially launched its trading platform in Turkey. The new platform, OKR TR, is designed to cater to the needs of Turkish customers and is equipped with various features tailored for the domestic market.  These features include support for Turkish Lira direct deposits and withdrawals, bilingual customer support in ...

OKX has released its 16th consecutive Proof of Reserves (PoR) report, revealing that its overall primary asset under management now stands at $17.7 billion. The report, which was published on February 26, 2024, offers a comprehensive breakdown of the crypto exchange's liabilities and reserves and represents its bold move towards ...

Bitget has unveiled a comprehensive update to its Know Your Customer (KYC) procedures and the new policy is slated to take effect from September 1, 2023.  The Seychelles-based cryptocurrency exchange announced this development on Monday, August 21, 2023, emphasizing that changes were made to "better protect users' rights and interests, ...

OKX has introduced a new feature to its Wallet service: Smart Accounts. This new feature empowers users to conduct transactions across multiple blockchains using either USDC or USDT as payment methods.  OKX Wallet's Smart Account feature is powered by Account Abstraction technology. The technology combines users' smart contracts and Externally ...

OKX has published its ninth monthly Proof-of-Reserve (PoR) report, showcasing a sustained asset holding of $11.3 billion. The report highlighted a diversified portfolio comprising Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), with each currency maintaining an impressive reserve ratio of 103%.  This consistent commitment to upholding a reserve ratio exceeding ...

OKX has achieved a remarkable feat in Hong Kong's digital asset space. Within just a month of unveiling its enhanced app exclusively for local users, the platform recorded over 10,000 new user registrations. OKX released the enhanced app to the public in May 2023; the app offered Hong Kong users ...