Advertisement
OKX envisions future running on blockchain as crypto exchange shifts focus from Hong Kong
OKX chief commercial officer Lennix Lai says the exchange is focused on building compliant services in the US and Singapore, among other markets
3-MIN READ3-MIN
Listen
OKX, one of the world’s largest cryptocurrency exchanges by trading volume, is preparing for explosive growth in blockchain adoption in the coming years, according to chief commercial officer Lennix Lai, although plans for the Hong Kong market remain on the back burner.
In a report co-produced by OKX and Blockworks Research, the companies outline a bright future for the adoption of blockchain technology across myriad industries, from traditional finance to video gaming. Many of the use cases highlighted in the report, such as ownership of in-game assets and management of intellectual property, have been slowly progressing for years, but Lai suggested that the industry could be reaching a tipping point.
“The entire fintech sector, plus the traditional finance sector, plus the asset management side, including the government, are starting to have some kind of footprint in crypto,” Lai said. “We see a whole different set of industry players starting to build something related to crypto.”
The report, titled “The Future of Blockchain Applications: Reshaping Global Industries”, was released on Thursday. It aims to project how blockchain adoption will evolve over the next 25 years, but also anticipates explosive growth in the next few years in an ecosystem now worth US$2.6 trillion.
Select Voice
Select Speed
1x
AI-generated voice