OKX Update: New Deposit Addresses Coming Soon – Here's What You Need to Know 🚀

OKX is rolling out an update to its deposit addresses starting on March 27. Here’s everything you need to know:

What’s Changing? 🔄

• After the update, you'll get a new deposit address in the "Deposit Details" section of your account.
• A reminder titled "Address Replacement" will pop up in your profile to help you switch over.
• Old deposit addresses will still work for a bit, but switch to the new one ASAP to keep things smooth and secure. 🔐

Why the Update? 🤔

The update is designed to boost security and make the deposit process faster and more efficient. OKX is improving its infrastructure to lower deposit risks and optimize the user experience.

Quick Update on OKX DEX Services in Europe 🌍

In other news, OKX has temporarily suspended its decentralized exchange (DEX) services for European users. This is due to ongoing talks with EU regulators about compliance with the MiCA regulations (Markets in Crypto Assets). The platform’s DEX services were flagged after reports that North Korean hackers (yep, the Lazarus Group) used them to launder about $100 million stolen from Bybit. 😬

When will it be back? No exact timeline yet, but it’s under review by the EU. 🕑

OKX: Shaping the Future of Crypto 🚀

OKX is one of the top crypto exchanges, offering everything from spot trading to DeFi. Whether you’re into spot trading, futures, lending, or mining, OKX has you covered. 🔥

Bitcoin is gaining traction as both a digital asset and a technology. From being seen as digital gold to challenging traditional payment systems, Bitcoin’s influence is growing – and OKX is leading the charge. 💰

TL;DR:

• New deposit addresses go live on March 27 – switch to the new one ASAP. 🆕
• Old addresses will still work for a while, but don’t wait too long.
• OKX has suspended DEX services in Europe due to regulatory issues. ⚖️