Star highlighted that OKX offers a wide range of products and services catering to various needs. This includes their classic OKX exchange, which has been operational for 12 years and offers trading options such as spot trading, futures, and margin trading adapted to local regulations. Additionally, the introduction of OKX Pay signals a forward-thinking approach aimed at integrating cryptocurrency into everyday life.
2. Advanced Trading Infrastructure and Performance
According to Star, OKX boasts impressive trading performance with systems capable of processing every single order in just two milliseconds. He shared that during peak market times, OKX has recorded processing of one million orders per second, showcasing a robust infrastructure that can comfortably handle high volume trading without compromising speed.
3. Commitment to Compliance and Regulatory Standards
Star emphasized that OKX has a significant commitment to compliance, having developed a comprehensive compliance framework that adheres to FATF standards and additional local regulations across multiple jurisdictions. With over 10% of their global workforce dedicated to compliance, audit, and risk management, they prioritize maintaining a trustworthy trading environment for their users.
4. Multi-Chain Wallet Capabilities
Star's discussion on the OKX wallet revealed its advanced capabilities, allowing real-time monitoring of block data across 100 chains. This technological foundation facilitates a multi-chain wallet, offering users a diverse experience with the ability to access tokens from different blockchains, enhancing user engagement with cryptocurrency.
5. Introduction of OKX Pay for Simplified Transactions
Star introduced OKX Pay, a new product designed to simplify transactions in the crypto space. By incorporating features such as two-key authentication for enhanced security and compliance layers, OKX Pay is poised to make cryptocurrency daily-use friendly while ensuring regulatory adherence, thus bridging the gap between traditional financial systems and decentralized finance.
6. Vision for Future Crypto Adoption
Star expresses a visionary perspective on crypto adoption, anticipating that in the coming years, users will rely more on wallets than traditional bank accounts. He believes that for cryptocurrencies to gain widespread acceptance, essential compliance layers must be integrated into decentralized finance products, ensuring they can cater to a broader audience while mitigating potential risks like money laundering and terrorism financing.
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