OKX achieves significant growth in 2024 with global expansion, new features, and a focus on Web3 and decentralized applications.
OKX, a leading cryptocurrency exchange, has marked a transformative year in 2024, achieving significant growth despite facing challenges. A standout year saw an app download surge of 122% as compared to the previous year, the company reported. CEO Star Xu said this year was a year of innovation and resiliency for the company.
In particular, OKX Wallet saw 991% global growth in users, while daily trading volume on its DEX grew by 20x. The year 2024 is a turning point for the cryptocurrency industry, especially after a period of uncertainty, Xu said.
OKX Accelerates Global Growth with New Licenses in Multiple Regions
With its growth, the OKX team has been focused on optimizing its product offerings. The simple mode is a new and improved way for users to access the app. Furthermore, OKX extended its cross-chain support to over 100 blockchains, guaranteeing a seamless multi chain experience. OKX was committed to improving user experience, and throughout the year the company rolled out approximately 200 new features and made more than 800 updates to its platform.
The company also made great strides in expanding into the global market, launching localized services in markets like Brazil, Singapore, UAE, Turkey, The Netherlands, Belgium and Australia. The licenses in these areas meant OKX continued to push forward with regulatory compliance.
In addition, OKX kept bolstering up its compliance operations. It increased its global compliance team to almost 500 experts and improved its risk management systems. The platform continued the tradition of transparency, with over 2 million Proof of Reserves tool usage.
Moving forward, OKX will become the core infrastructure of a crypto economy that was built on the mass adoption of Web3 technology. The company is focusing significant investment into decentralized applications and showcasing itself as a leading contender in the next iteration of the cryptocurrency universe.
Source: https://www.livebitcoinnews.com/okx-achieves-milestone-growth-and-expansion-in-2024/