As the CEO of OKX and a lifelong builder in the digital asset space, I’m honored to share a reflection on an exceptional year of innovation, resilience, and meaningful progress. 2024 was more than just a rebound—it was crypto’s comeback year. Against a backdrop of regulatory evolution and global economic shifts, we remained steadfast in our mission: to advance decentralization and make crypto more accessible to the world.
This year, we didn’t just grow—we transformed. From product innovation to global expansion, compliance excellence to radical transparency, every milestone underscores our commitment to building a future where decentralized finance is intuitive, secure, and inclusive.
👉 Discover how OKX is shaping the future of Web3 with cutting-edge tools and unmatched security.
Accelerating Crypto Accessibility Through Product Innovation
User experience lies at the heart of adoption. In 2024, we reimagined how people interact with crypto by launching a suite of product upgrades designed for both newcomers and experienced users.
We introduced a default simple mode in the OKX app—streamlining access to prices, trends, and trading actions. No longer reserved for expert traders, our platform now welcomes casual investors with an intuitive interface that removes complexity without sacrificing functionality.
Interoperability took a giant leap forward with cross-chain support expanded to over 100 blockchains. Whether you're moving assets or exploring dApps, our wallet and Web3 ecosystem now offer seamless connectivity across chains—putting true interoperability within reach.
We also modernized the overall app design, ensuring daily interactions feel smooth, responsive, and purposeful. Across our centralized exchange, wallet services, and decentralized offerings, we rolled out nearly 200 new features and over 800 upgrades—all aimed at enhancing usability and performance.
The results speak volumes:
- 122% year-over-year increase in app downloads
- 20x growth in DEX daily trading volume
- 991% surge in global OKX Wallet users (as of December 5)
These aren’t just numbers—they reflect real-world adoption and trust in our platform.
Expanding Our Global Footprint: The Onshore Strategy
To make crypto truly global, we must meet users where they are—both digitally and legally. That’s why 2024 marked a pivotal phase in our onshore expansion strategy.
We launched regulated businesses in seven key markets: Brazil, Singapore, UAE, Türkiye, Netherlands, Belgium, and Australia. In each region, we established local teams focused on sustainable growth, community engagement, and regulatory alignment.
By enabling seamless fiat onramps, users can now easily convert local currency into digital assets—removing one of the biggest barriers to entry. More importantly, we secured four major regulatory licenses or extensions in Singapore, UAE, EEA, and Australia—jurisdictions known for rigorous financial oversight.
This strategic push has directly translated into increased Assets on Platform (AOP) across these regions and stronger user confidence. It proves that innovation and compliance aren’t mutually exclusive—they’re essential partners in building lasting trust.
👉 See how OKX is bridging traditional finance with the decentralized future.
Strengthening Trust Through Compliance Excellence
In an industry where credibility is everything, we’ve made compliance a cornerstone of our operations.
Our global compliance team grew by over 300 members in 2024, bringing the total to nearly 500 specialists. These experts operate under risk-based standards that rival those of top-tier financial institutions.
We’ve enhanced systems across:
- Know Your Customer (KYC)
- Sanctions screening
- Transaction monitoring
- Anti-Money Laundering (AML) protocols
This rigorous framework enabled us to secure licenses in some of the world’s most demanding regulatory environments. But beyond legal requirements, our goal is proactive integrity—we continuously refine our systems to detect and deter illicit activity, ensuring a safe and healthy marketplace for all users.
Unmatched Transparency: Proof-of-Reserves and Beyond
Transparency isn’t optional—it’s foundational.
In 2022, we became one of the first major platforms to publish monthly Proof-of-Reserves (PoR) reports. Today, we’re proud to release our 26th consecutive PoR report, verifying $30 billion in primary assets backing customer funds.
Even more significantly:
- We maintain a 100%+ reserve ratio for 22 of our most traded assets
- Over 2 million customers have used our self-verification tool to confirm their holdings are fully backed
This level of openness empowers users to independently verify the security of their assets—anytime, anywhere. Since launching PoR, our reserves have doubled—a clear signal of growing public trust.
Elevating Leadership: A World-Class Executive Team
Building for the future requires visionary leadership. In 2024, we strengthened our global executive bench with several high-impact appointments:
- Mehmet Çamır joined as Chairman of OKX Türkiye, bringing deep expertise from Turkey’s public and private financial sectors.
- Erald Ghoos became CEO of OKX Europe, driving growth across key European markets.
- Gracie Lin, former leader at Grab and the Monetary Authority of Singapore, was appointed CEO of OKX Singapore.
- Yuri Mushkin, ex-Goldman Sachs and McKinsey Investment Office, took on the role of Global Chief Risk Officer.
These leaders bring decades of institutional knowledge and a shared commitment to scaling crypto with integrity.
Looking Ahead: The Road to 2025 and Web3 Mass Adoption
My vision for OKX is bold: to become as foundational to the crypto economy as Google is to the web.
We’re already laying the groundwork. Through heavy investment in Web3 infrastructure, developer tools, and dApp integration, we’re positioning OKX as the preferred gateway to decentralized applications.
Soon, every financial institution will engage customers through customized dApps. Developers will build the next generation of financial products on open protocols. And OKX will be at the center—empowering creators, businesses, and users alike.
2025 isn’t just another milestone. It’s the next chapter in defining what crypto can become.
👉 Start your journey into decentralized finance today with tools built for tomorrow.
Frequently Asked Questions (FAQ)
Q: What is Proof-of-Reserves (PoR), and why does it matter?
A: PoR is a transparency mechanism that verifies a platform holds sufficient assets to cover all user balances. At OKX, monthly PoR reports—and a self-verification tool—allow users to independently confirm that their funds are 1:1 backed, reinforcing trust and security.
Q: How does OKX ensure compliance across different countries?
A: We operate localized teams in regulated markets and adhere to strict KYC, AML, and transaction monitoring standards. With nearly 500 compliance specialists and licenses in key jurisdictions like Singapore and the UAE, we meet or exceed global financial regulations.
Q: What makes OKX Wallet stand out from other crypto wallets?
A: OKX Wallet supports over 100 blockchains, offers seamless dApp access, and integrates advanced security features. Its cross-chain interoperability and user-friendly design make it ideal for both beginners and power users.
Q: Is OKX expanding into more countries in 2025?
A: Yes. Building on our 2024 onshore launches in seven markets, we plan to enter additional regulated regions—always prioritizing compliance, local partnerships, and user needs.
Q: How does OKX support Web3 developers?
A: We invest heavily in Web3 infrastructure, offering SDKs, APIs, and tools that help developers build and scale dApps. Our ecosystem aims to lower barriers to entry and accelerate innovation.
Q: Can I access fiat-to-crypto services on OKX?
A: Absolutely. In supported regions—including Singapore, UAE, Brazil, and Australia—users enjoy seamless fiat onramps via local payment methods, making it easier than ever to enter the crypto economy.
This content is provided for informational purposes only and may cover products not available in your region. It does not constitute investment advice or an offer to buy/sell digital assets. Cryptocurrencies involve risk; please consult your financial advisor.