Main cryptocurrency trade operator OK Group continues remodeling its enterprise, rebranding its crypto ventures underneath the only title “OKX.”
Hong Fang, chief working officer at OK Group and president of OKX, took to X (previously Twitter) to announce that Okcoin will likely be rebranding to OKX over the approaching months. Based in 2013, Okcoin may have the identical title as OK Group’s different crypto enterprise, OKX (previously OKEx).
“I’ve been a part of Okcoin for 5 years. Through the years, we have now put a variety of love and keenness into our model and product,” the exec wrote within the submit. He added that the platform’s rebranding in key operational jurisdictions will likely be nice for its clients and enterprise.
Beginning with Singapore, OK Group plans to sequentially rebrand “Okcoin” to “OKX” in Europe and america over the following few months, Fang mentioned. The exec assured that clients will obtain the “similar set of product companies underneath the identical regulatory framework” and can work together with a brand new model.
Fang additionally talked about that OK Group lately sunsetted the “Okcoin” model and product in a couple of areas, together with Latin America, the Center East and North Africa, South Asia, Hong Kong and different areas.
Associated: Binance, OKX to adjust to new monetary promotions guidelines in UK
The manager emphasised that america has at all times been necessary to the corporate’s international technique. “It’s house base for lots of us on our group. It’s particular to us,” Fang wrote, including:
“Regardless of all of the challenges, we stay dedicated to the U.S. as a visionary chief that upholds the requirements of empowering people and defending freedom with expertise because it at all times has and defines our future appropriately.”
The information comes almost one 12 months after OK Group rebranded one other a part of its enterprise, previously often known as OKEx. In December 2022, OKEx introduced its transition to “OKX” to turn into greater than only a centralized crypto trade and seize decentralized finance, nonfungible tokens and Web3. The trade was based by OK Group CEO Star Xu in 2017.
Journal: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Method E
