OKX Financial News

OKX Ventures, the investment arm of OKX crypto exchange, and Aptos Foundation have initiated a $10 million accelerator fund for projects built on Aptos.

Pi Coin has sparked considerable interest due to its innovative mobile mining model and strong community support. However, as 2025 draws near, its investment potential remains uncertain when compared to established altcoins like Solana, Dogecoin, and Cardano. Experts point out several challenges Pi Coin faces, such as its transition to an open market, regulatory hurdles, and the need for real-world adoption.

Major crypto exchange OKX has selected Malta as its hub for Markets in Crypto-Assets (MiCA) compliance within the European Union.

OKX and its security partner SlowMist are investigating a major security breach that stole millions of dollars from two user accounts.

Two users fell victim to an OKX SIM swap hack that involved the theft of an undisclosed sum on June 9. The customers’ funds were stolen following a deceitful SMS notification purportedly from the exchange.

OKX declared its official launch in the Netherlands on Monday, unveiling a crypto trading platform along with a Web3 wallet.

Crypto exchange OKX announced on Friday that it has withdrawn its Virtual Asset Service Provider (VASP) license application in Hong Kong and will cease to provide trading services to residents.

OKX, a world-leading digital asset exchange, has officially launched its operations in Australia, a year after it established an office in Sydney in May 2023.

According to a CoinDesk report, OKX, the world’s second-largest cryptocurrency exchange by trading volume, has lost two of its top executives, Tim Byun and Wei Lan.

Cryptocurrency exchange OKX has emailed its users in India to inform them that it will discontinue its services there, urging them to withdraw their funds by the end of April.

Crypto exchange OKX said Wednesday that it received in-principle approval for a digital asset license from Singapore’s central bank. This marks a significant step towards achieving full regulatory compliance in the country.

Centralized crypto exchange OKX said on Friday that it will soon shut down its Mining Pool and related services due to business adjustments.

Digital asset exchange, OKX has increased its level of partnership with McLaren’s Formula 1 team citing more adoption and visibility.

OKX, one of the world's largest cryptocurrency exchanges, has been granted a regulatory licence in Dubai that will allow it to offer crypto services to retail clients, the company said on Tuesday. Dubai's Virtual Assets Regulatory Authority (VARA) has awarded OKX Middle East a Virtual Asset Service Provider (VASP) licence for exchange services. When operational, it will enable OKX to provide spot services and spot-pairs services to qualified retail clients, as well as institutional customers. The United Arab Emirates is pushing to become a global hub for the crypto industry. VARA was formed in March 2022 to regulate the emerging virtual asset sector in Dubai. «We are looking at this as a game changer because we are able now to target both retail and institutional clients in the UAE and allow them to deposit and withdraw in their local currency,» Rifad Mahasneh, OKX General Manager for the MENA region, told Reuters.

Following the recent ban by India’s Ministry of Finance Financial Intelligence Unit (FIU) on offshore crypto exchanges like Binance, OKX, and others, Indian crypto exchanges are stepping in to offer solutions to affected users.

Apple has removed the world’s biggest cryptocurrency exchange Binance from its App Store after a show-cause notice was sent to nine such virtual digital asset (VDAs) service providers by the Finance Ministry for not complying with the country's money laundering laws. The company has also removed other apps like Kucoin, and OKX. The Financial Intelligence Unit, under the Finance Ministry, had last month issued show-cause notices to nine offshore VDA service providers, including Binance, for operating in the country without complying with money laundering laws. Last month, the Finance Ministry had also asked the IT Ministry to block the URLs of these crypto firms as they have been operating illegally in the country. Binance is already facing investigation in the US after being convicted of breaking anti-money laundering laws. Also Read | Bitcoin falls below $46,000 amid false ETF approval announcement

The monthly spot trading volume on crypto exchanges exceeded $1 trillion in December 2023, marking the first time this significant volume level has been surpassed in over a year.

The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA).

OKX Ventures, the investment arm of cryptocurrency exchange OKX has joined the Ethereum Climate Platform (ECP) to partner towards sustainable climate goals.

Crypto platform OKX announced its official launch in Brazil, offering users with advanced crypto features including trading and staking rewards.

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.