OKEx Enters the Ring with Klaytn
In a strategic move that has caught the attention of the cryptocurrency community, OKEx has officially joined forces with Klaytn, the public blockchain platform developed by Kakao’s Ground X. As of October 25, this partnership signifies a crucial step aimed at enhancing blockchain adoption across various sectors.
Big Names Around the Table
OKEx now stands shoulder to shoulder with other industry titans like Samsung Blockchain, IDG Capital, and Shinhan Bank, aiming to create a stable blockchain ecosystem. Andy Cheung, the Head of Operations at OKEx, emphasizes the importance of collaboration:
“Exchanges and projects should work together to define and adopt standards that will promote global digital asset adoption.”
Binance Also Joins the Party
The excitement doesn’t stop there! Cryptocurrency giant Binance has also made headlines by joining Klaytn’s governance council, alongside 24 other notable companies, including LG Electronics and Unionbank of the Philippines. Together, they will influence the future of Klaytn in both business and technical realms.
New Partnerships Galore!
In a lively twist, following the Klaytn announcement, OKEx reported it has forged an additional 14 partnerships to promote its utility token, OKB. Cheung remarked on this expansion, saying:
“The 14 new partnerships is a shot in the arm for OKB. We will continue to explore the possibilities of OKB.”
This means that OKB holders can look forward to more vibrant applications and possibly, a hefty appreciation in value.
Facing Controversy Head-On
However, not all news has been smooth sailing for OKEx. In September, the exchange faced allegations of manipulative practices, particularly wash trading, as reported by the Blockchain Transparency Institute (BTI). In response, OKEx firmly rejected these claims as “not accurate and misleading,” standing its ground against any negative press.
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