Tag: OKX

The local branch of Seychelles-based crypto exchange OKX has introduced fee-free deposits and withdrawals of Singapore dollars (SGD) for customers in Singapore, using the country's payment systems PayNow and Fast and Secure Transfers (FAST).  The announcement, made on Monday, November 18, leverages the exchange's collaboration with DBS, a leading Singaporean ...

OKX has named UK’s banking giant Standard Chartered as the third-party custodian for its services aimed at global institutional clients. According to the crypto exchange's Global Chief Commercial Officer Lennix Lai, this collaboration will enhance OKX's institutional services by connecting it with diverse markets worldwide through Standard Chartered's extensive cross-border ...

A new report has indicated that Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain popularity. Binance, the largest cryptocurrency exchange globally, saw a 13% drop in spot trading volume over the past year, declining from 52.5% in October 2023 to 39.5% in October ...

OKX has announced that its local branch, OKX SG Pte. Ltd., has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). Meanwhile, Gracie Lin, a former official of the regulatory agency, has been appointed as the CEO of OKX SG. According to the press ...

OKX has introduced major cryptocurrency trading pairs against the Australian dollar (AUD). The exchange's local users will now be able to trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against the AUD. The exchange announced today, Monday, August 19, that the ...

A crypto whale wallet has transferred 5,000 ETH, valued at $13.2 million, to the OKX. This move, flagged by blockchain analytics platform LookonChain in an X post on Monday, August 12, is part of a series of transactions by the same entity over the past month. A whale who received ...

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 ...