TL;DR

Star Xu, founder of OKX, announces a secret Bitcoin-focused business set to debut in February, aiming to foster innovation and accelerate mass adoption of cryptocurrencies.
OKX emphasizes neutrality and quality, investing in high-quality projects through OKX Ventures and improving the utility of its platform token, OKB.
OKX’s Web3 Wallet has rapidly developed a multi-chain ecosystem, engaging in trending sectors and enhancing functionalities, while urging users to secure their digital assets.

Star Xu, the founder of the crypto exchange OKX, has announced the launch of a secret Bitcoin-focused business set to debut in February. At the “OKX New Year’s Dinner” in Da Nang, Star Xu, emphasized the company’s strategic focus for 2025, highlighting key areas such as compliance, Bitcoin, wallets, OKB (the platform’s utility token), and innovation.

The specifics of the project remain under wraps as the product is still undergoing refinement. “We aim to contribute to industry innovation and accelerate mass adoption,” Xu stated, adding, “I’ll keep it a secret for now.” Xu reflected on Bitcoin’s journey, recalling how early skeptics considered it overpriced at $10, only to later recognize its true value.

“When Bitcoin was priced at $10, many of my friends thought it was too expensive, but later they realized it was actually quite cheap. I believe we will see similar scenarios play out many times in the future,” Xu remarked.

Xu predicted that the entire cryptocurrency industry would experience a 100x growth. He compared Bitcoin’s current market value to that of gold, noting that Bitcoin’s market value is roughly one-tenth of gold’s. However, with the success of spot Bitcoin ETFs surpassing that of gold ETFs, Xu believes that Bitcoin will eventually eclipse gold in market value.

Commitment to Neutrality and Quality

During the dinner event, Xu emphasized OKX‘s commitment to neutrality and quality. He highlighted that OKX does not create its own tokens beyond OKB, the platform’s utility token.

Instead, OKX Ventures, the investment arm of the exchange, maintains an impartial approach by investing in high-quality projects regardless of their listing status on the exchange. Xu acknowledged criticism that OKB has not been sufficiently empowered but assured that improvements are underway.

OKB is used for calculating and paying trading fees, participating in governance and voting processes, and providing rewards to users who hold the token. It also plays a crucial role as the “gas” of X Layer, with plans for further developments to enhance its utility.

OKX Web3 Wallet’s Progress

Aaron, the Product Director of OKX’s Web3 Wallet, delivered a keynote at the event, reflecting on the rapid development of the wallet and its role in the industry. Over the past few years, the Web3 Wallet has built a multi-chain ecosystem while engaging in trending sectors like airdrops, inscriptions, and DEXs.

Aaron described initiatives such as multi-chain and multi-account development during the airdrop season, launching a TG mini app during the TON trend, and enhancing market and DEX functionalities for memecoins.

Recently, OKX issued a warning about unauthorized wallet extensions available in the Firefox plug-in store, urging users to secure their digital assets and migrate them to safer storages.

---

Filed under: News - @ January 14, 2025 2:44 pm