Tag: OKX

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 ...

OKX has obtained a Minimal Viable Product (MVP) Preparatory License from the Dubai Virtual Assets Regulatory Authority (VARA), according to a press release by the firm.   The MVP preparatory licence enables the Seychelles-based crypto exchange to fulfill the necessary pre-conditions for operating as a virtual asset provider in the United ...

OKX has joined forces with Komainu to integrate the Komainu Connect collateral management platform into its crypto exchange platform. This integration will allow users to conduct secure and seamless trading of segregated assets held in custody through the OKX platform. Komainu, a regulated digital asset custody service provider, introduced the ...

Binance has announced the appointment of Rachel Conlan as its new Vice President of Global Marketing. Conlan will assume the responsibility of overseeing and guiding Binance's regional and international marketing teams. Conlan brings with her a wealth of experience in the field, having previously served as the global manager of ...

OKX has applied to become a registered Digital Asset Service Provider (DASP) in France. The company revealed this in a press release on May 23, 2023.  The crypto exchange's application for registration is driven by a commitment to comply with the stringent regulations set by the Autorité des Marchés Financiers ...

OKX has announced its position as the title sponsor and premium partner of the Blockchain Economy Istanbul Summit, the largest blockchain conference in Eurasia. The Summit aims to bring together industry representatives and entrepreneurs from leading crypto and blockchain firms across the globe. Scheduled to take place over two days ...