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OKX

Tornado Cash Faces Legal and Regulatory Heat as Its Founder Seeks Funding

by Isaac Wright
Tornado Cash Faces Legal and Regulatory Heat as Its Founder Seeks Funding

Tornado Cash founders face serious legal challenges and regulatory scrutiny. OKX has issued strict instructions to users regarding interacting with Tornado Cash due to regulatory risks. Tornado Cash, a decentralized …

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OKX Sees $204M Outflows in 24 Hours After Security Lapses

by Isaac Wright
OKX Sees 4M Outflows in 24 Hours After Security Lapses

OKX has experienced significant outflows, with $204 million withdrawn in the past 24 hours and $630 million in the past week, surpassing the outflows of other prominent cryptocurrency exchanges. The …

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Crypto exchanges sticking it out in Hong Kong see value in regulator’s ‘safety first’ approach

by Anas Siddiqui
Crypto exchanges sticking it out in Hong Kong see value in regulator’s ‘safety first’ approach

Hong Kong’s restrictive regulatory regime for cryptocurrency exchanges is sending mixed signals after 11 firms moved closer to obtaining a licence, with some optimistic about the city’s “safety first” approach …

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11 crypto exchanges in Hong Kong ‘deemed to be licensed’, paving way for first approvals since 2022

by Anas Siddiqui
11 crypto exchanges in Hong Kong ‘deemed to be licensed’, paving way for first approvals since 2022

The Hong Kong Securities and Futures Commission has granted initial approval to 11 cryptocurrency exchanges to continue operating in the city, in the first step towards granting the first virtual …

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OKX Bows Out of Hong Kong, Withdraws VASP License Bid

by Isaac Wright
OKX Bows Out of Hong Kong, Withdraws VASP License Bid

In compliance with regulatory requirements, OKX said that it would discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. OKX attributed the decision to …

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Hong Kong sees third major cryptocurrency exchange withdraw licence application as Gate.io unit drops out

by Anas Siddiqui
Hong Kong sees third major cryptocurrency exchange withdraw licence application as Gate.io unit drops out

Gate.HK, the Hong Kong arm of cryptocurrency exchange Gate.io, has withdrawn its application for a virtual-asset trading platform licence, the third company affiliated with a major global exchange to end …

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HTX affiliate Huobi Hong Kong withdraws crypto licence application for second time, must shut down by August

by Anas Siddiqui
HTX affiliate Huobi Hong Kong withdraws crypto licence application for second time, must shut down by August

The Hong Kong affiliate of cryptocurrency exchange HTX, formerly Huobi Global, has for the second time withdrawn its application for a licence to operate a virtual asset trading platform (VATP) …

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OKX Jumpstart lists Meson Network for BTC and ETH staking event

by Isaac Wright
OKX Jumpstart lists Meson Network for BTC and ETH staking event

Share this article Meson Network, a decentralized physical infrastructure network (DePIN) project working to establish a streamlined bandwidth marketplace, is set to launch on OKX Jumpstart. The event is scheduled …

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Binance loses bitcoin trading share worldwide as rivals Bybit, OKX expand in Asia

by Anas Siddiqui
Binance loses bitcoin trading share worldwide as rivals Bybit, OKX expand in Asia

Binance loses bitcoin trading share worldwide as rivals Bybit, OKX expand in Asia Cryptocurrency exchanges are eating into Binance’s share of bitcoin trading outside the US as overseas expansion efforts …

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OKX unveils ZK layer 2 network X Layer on public mainnet

by Isaac Wright
OKX unveils ZK layer 2 network X Layer on public mainnet

Share this article OKX announced today the mainnet launch of X Layer (formerly known as X1), a ZK layer 2 (L2) network following its testnet launch in Q4 last year. …

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