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OKX launches crypto exchange, wallet services in Brazil

Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to decentralized finance (DeFi) and crypto trading with Brazilian real fiat-on ramp

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Hong Kong SFC lists OKX among virtual asset license applicants

The Hong Kong SFC updates its list of virtual asset trading platform license applicants, highlighting OKX as the first offshore applicant.  The Hong Kong Securities and Futures Commission (SFC) has recently updated its list of virtual asset trading platform license applicants, marking a significant step in regulating cryptocurrency exchanges in the

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OKX joins Komainu and CoinShares for institutional segregated asset trading

Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward.According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a third-party custody provider, holds the collateral assets. This is done

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OKX unveils exclusive Layer-2 blockchain powered by Polygon

OKX launches its Layer-2 blockchain, leveraging Polygon’s technology, to enhance digital transaction efficiency. Leading crypto exchange OKX has introduced its own exclusive Layer-2 blockchain, the X1 chain, leveraging technology from Polygon. This move places OKX in a growing league of exchanges actively developing secondary networks to enhance the efficiency and cost-effectiveness

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OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.OKX exchange interface. Source: OKXOKX is

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Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology

Polygon’s CDK is currently in the mix for consideration for Kraken’s layer 2, according to people familiar with the matter, but Polygon Labs Chief Executive Officer Mark Boiron said he doesn’t think the announcement about X1 – the result of a major deal with a big exchange competitor – would

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