OKX is the title sponsor of TOKEN2049 Dubai, reinforcing its leadership in Web3 and crypto adoption. Discover how this partnership is shaping the industry's future.
South Korea’s crackdown on unregistered cryptocurrency exchanges and LG’s shutdown of its NFT marketplace highlight the growing challenges faced by emerging digital sectors. Both moves reflect the need for stricter regulatory oversight and strategic shifts in response to market volatility and uncertain long-term prospects.
Crypto.com’s impressive $1.5 billion revenue in 2024, driven by strong trading activity and strategic investments, has solidified its position as the third-largest exchange globally. With plans for further expansion and new product offerings, the company is well-positioned for continued growth in the cryptocurrency market.
OKX's update of deposit addresses aims to enhance security and deposit processing efficiency, with users advised to switch to the new addresses as soon as possible. Meanwhile, the exchange has suspended its DEX for European users in response to regulatory concerns and incidents involving money laundering.
OKX has suspended its DEX aggregator after an attempt by the Lazarus Group to exploit the platform, in order to strengthen security and prevent further incidents. The company is actively collaborating with regulators and implementing new measures to protect users and prevent financial crimes.
OKX's recent record-breaking token burn demonstrates its commitment to increasing the scarcity and value of OKB, potentially driving demand in the long term. As the platform continues to innovate, these strategic moves could strengthen OKX's position in the cryptocurrency market and contribute to its ongoing growth.
OKX has acquired a MiFID II license in Europe, allowing it to offer derivatives trading for institutional clients upon regulatory approval. This follows its MiCA license, reinforcing its commitment to compliance and expanding its crypto offerings across 28 EEA markets.
Bitkub has received approval from Thailand’s SEC to operate as an ICO Portal, marking a significant milestone in the country’s fintech landscape. This move enhances secure and regulated digital fundraising opportunities for entrepreneurs while expanding investment options for digital asset investors.
OKX has firmly denied allegations of regulatory scrutiny, stating that its Web3 services operate on a self-custodial model, similar to other industry platforms. The exchange has actively cooperated with Bybit and law enforcement to track stolen funds, while also criticizing Bybit’s security vulnerabilities as the root cause of the incident.
