Today in Singapore, the head of OKX put it plainly: an exchange is just the starting point, not the destination.
He thinks life is already instant these days—messages, rides, and livestreams all happen in seconds. But sending money is still expensive and slow, especially when sending money home, where fees can sometimes approach 10%. Personal financial advisers used to be something only the wealthy could afford.
So OKX wants to do four things: Let people choose where to keep their money; Make transfers as cheap and fast as sending a message on WeChat; Let people buy crypto, stocks, and commodities without switching between a bunch of apps; Give everyday people an AI-powered financial adviser.
In a nutshell: evolve from a “crypto trading platform” into a place where people can save, pay, invest, and manage their money.
He thinks life is already instant these days—messages, rides, and livestreams all happen in seconds. But sending money is still expensive and slow, especially when sending money home, where fees can sometimes approach 10%. Personal financial advisers used to be something only the wealthy could afford.
So OKX wants to do four things: Let people choose where to keep their money; Make transfers as cheap and fast as sending a message on WeChat; Let people buy crypto, stocks, and commodities without switching between a bunch of apps; Give everyday people an AI-powered financial adviser.
In a nutshell: evolve from a “crypto trading platform” into a place where people can save, pay, invest, and manage their money.
