OKX Exchange CEO: "We Conduct Thorough Cryptocurrency Checks Before Listing"
Date: 2024-01-05 Author: Dima Zakharov Categories: BUSINESS
In a recent statement, Star Xu, the head of the OKX cryptocurrency exchange, outlined the key criteria that cryptocurrencies must meet before being considered for listing on the platform. OKX, a global cryptocurrency exchange founded in 2017, places a strong emphasis on ensuring the quality and legitimacy of the digital assets it supports.
Xu emphasized that OKX conducts a thorough evaluation of each cryptocurrency project before making a listing decision. The exchange's team evaluates the following crucial factors:
1. Decentralization and actual blockchain technology usage of the cryptocurrency.
2. The popularity of the token within the cryptocurrency community.
3. The project's founders' and investors' long-term commitment to its development.
4. Compliance with legal requirements and regulatory criteria.
Xu clarified that OKX does not base listing decisions solely on project pitches. Instead, the exchange independently selects tokens available in the market that are worthy of inclusion.
While OKX may not be the largest player in the industry, Xu emphasized the exchange's long-term philosophy of creating a transparent infrastructure and avoiding toxic practices. He added, "Submitting listing requests to me on Twitter will never work."
Star Xu's disclosure of the listing requirements comes in response to numerous requests for the addition of more BRC-20 format tokens to OKX. He strongly believes that listing all tokens without discretion would have detrimental consequences for the cryptocurrency industry as a whole.
Xu concluded by highlighting the importance of a thoughtful and responsible approach to cryptocurrency listings, emphasizing the potential negative impact of hasty decisions on the market.
As one of the largest global cryptocurrency exchanges with over 50 million users, OKX continues to maintain its commitment to responsible and sustainable cryptocurrency practices. According to CoinMarketCap, OKX ranks sixth in terms of trading volume among cryptocurrency exchanges.
