tl;dr
OKX, a prominent cryptocurrency exchange, is preparing to unveil a new business line in February, as announced by its founder Star Xu. This has generated significant interest within the crypto community, with high expectations for the upcoming launch. Xu expressed optimism about the industry's growt...
OKX, a prominent cryptocurrency exchange, is preparing to unveil a new business line in February, as announced by its founder Star Xu. This has generated significant interest within the crypto community, with high expectations for the upcoming launch. Xu expressed optimism about the industry's growth, particularly emphasizing the potential of Bitcoin and the importance of holding BTC. He also addressed feedback regarding OKX's token, OKB, and reassured users about ongoing improvements. As of the latest data, OKX's OKB token was trading at $48.39, reflecting a 3% increase since the previous session. Additionally, the article includes sponsored content about various crypto platforms in Europe.
OKX, one of the leading cryptocurrency exchanges, is set to launch a mysterious new business line in February, according to its founder Star Xu. The announcement has sparked significant interest, particularly as Xu rarely posts publicly. The announcement of OKX’s secret business line has generated considerable buzz within the crypto community. Web3 enthusiast Ericsu.eth expressed excitement, calling the revelation “very interesting” and likening it to a “wealth code.” Such anticipation indicates the high expectations surrounding OKX’s next move. With the secret business line slated for launch in February, the crypto industry is keenly watching OKX. Nevertheless, Xu hinted that the product still requires further refinement but aims to drive industry innovation and accelerate mass adoption of cryptocurrencies.
In a parallel announcement, the crypto executive shared his thoughts on the broader cryptocurrency industry and OKX’s positioning within it. “I believe that the scale of the entire crypto industry will grow by 100 times,” Xu stated. He compared Bitcoin (BTC) to gold, pointing out that while Bitcoin’s market value is currently about one-tenth that of gold, BTC ETFs (exchange-traded funds) have already outpaced gold ETFs in scale. Xu’s remarks reflect his bullish outlook on Bitcoin and stress the importance of holding BTC. “As a practitioner, you should always have some BTC in your hands. You will thank yourself for your decision,” he advised.
Xu also acknowledged criticisms surrounding OKX’s token, OKB, and its perceived lack of utility. He admitted that feedback from the community indicated that OKB’s use cases and asset listings were not aggressive enough. However, he reassured users that improvements were underway. “OKB is the gas of X Layer, and there will be many actions in the future,” he said. Xu clarified that, apart from its native token, OKX does not issue its own coins, maintaining a neutral stance through OKX Ventures.