In an exclusive interview with CoinDesk during "Consensus Hong Kong 2025," OKX President Hong shared insights about the exchange's pioneering role in Dubai and global crypto markets, while outlining ambitious expansion plans.
The Global Vision of OKX
Hong emphasized OKX's unique position as:
- The first (and currently only) exchange offering derivatives trading for both retail and institutional users in Dubai
- A fully licensed operator in Australia with growing institutional services
- An expanding EEA-licensed platform across 28 European countries
"Providing comprehensive, compliant, and reliable products for institutional users remains our priority," Hong stated. "We're confident in our direction."
Retail Market Evolution
When asked about shifting retail behaviors, Hong observed:
Regional Differences
- Asian markets show higher trading activity but also strong long-term holding patterns
- Global interest persists in yield products (both on-chain and traditional)
Emerging Trends
- Rapid adoption of Web3 self-custody wallets (now surpassing CEX usage by asset volume)
- Increased demand for all-in-one wallet solutions with seamless CEX/DeFi integration
Community-Centric Approach
OKX redefines exchange-community relationships through:
Localized Operations
- Physical events in regulated markets
- Tailored compliance frameworks per jurisdiction
Web3 Native Engagement
- Vertical-specific protocol integrations
- Liquidity aggregation across chains
"Our mission goes beyond trading - we create value through responsible innovation," Hong explained.
Institutional Services Expansion
Key institutional developments include:
| Market | Milestone | Product Focus |
|---|---|---|
| Dubai | Full derivatives license | Retail/Institutional |
| Australia | Large-client compliance | FIAT onboarding |
| EEA | 28-country coverage | Localized compliance |
Risk Management Philosophy
For complex products like perpetual contracts and options, OKX implements:
- Rigorous KYC procedures in regulated markets
- Comprehensive trader education programs elsewhere
- Continuous user protection enhancements
"We don't profit from user losses - responsible trading education is our long-term commitment," Hong affirmed.
Upcoming Global Initiatives
The roadmap includes:
- US market entry under the OKX brand
- Further European localization
Enhanced APAC products:
- Trading bots
- FIAT gateways
- Tax-compliant tools
FAQ Section
What makes OKX different from other exchanges?
OKX uniquely combines:
👉 High liquidity institutional products
with retail-friendly Web3 wallet integrations across 28 regulated markets.
How does OKX ensure compliance?
Through localized licenses (Dubai VARA, Australia AUSTRAC, EEA MiCA) and partnerships with regional regulators.
Why are Web3 wallets gaining popularity?
Users prefer self-custody for:
- Chain interoperability
- Lower counterparty risk
- Integrated DeFi access
What's next for Asian crypto markets?
Expect more:
- Institutional participation
- Regulatory clarity
- Long-term holding products
How does OKX support new traders?
Via:
- Virtual trading labs
- Risk management tutorials
- 24/7 educational content
Final Thoughts
As Hong concluded: "Our expansion isn't just geographical - it's about deepening trust through compliance while advancing crypto's utility worldwide."
Disclaimer: This content represents general information only. Consult professionals before making financial decisions. Not all products available in all regions.
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