CEO of OKX Outlines Principles for Listing Cryptocurrencies
The CEO of OKX, Jay Hao, has outlined five basic principles for listing cryptocurrencies on the exchange platform. In a recent post on his account, Hao addressed the suggestion to stake more BRC-20 tokens and explained why this strategy is not suitable for OKX.
“A lot of friends urging me list more brc-20 tokens. Thanks for these kindly suggestions. I want to clarify, as an exchange if we use the simplest strategy that is just list all tokens, I believe it may help exchange make more quick money, but will destroy the market. OKX never…”
Jay Hao, CEO of OKX
The Five Principles for Listing Cryptocurrencies
Hao emphasized that before deciding to list crypto assets, certain factors must be considered:
- Blockchain technology and token-based product
- Popularity of the token in the community
- The founder and team are long-term builders.
- Legislation and Compliance Review
- Refusal to list “shitcoins”
OKX’s Long-Term Philosophy
Hao clarified that OKX never aimed to be the most aggressive listing exchange in the industry. Instead, they prioritize building infrastructure, transparency, and reliance on technology.
OKX NFT Marketplace Success
Last week, OKX’s NFT marketplace saw a trading volume exceeding $60 million, surpassing other platforms like Blur and OpenSea. This growth was attributed to increased trading volumes of BRC-20 and Bitcoin (BTC) Ordinals tokens since their addition in May 2023.
Hot Take: OKX CEO Outlines Principles for Listing Cryptocurrencies
OKX CEO Jay Hao has provided insights into the principles guiding the listing of cryptocurrencies on the exchange. By prioritizing factors such as blockchain technology, community popularity, and long-term builders, OKX aims to ensure a sustainable market. The exchange’s refusal to list “shitcoins” demonstrates their commitment to maintaining quality standards. Furthermore, Hao emphasized OKX’s focus on long-term philosophy, infrastructure development, transparency, and reliance on technology. These principles set OKX apart from other exchanges and contribute to its continued success. With the recent surge in trading volumes on the OKX NFT marketplace, it is evident that their strategic approach is yielding positive results.
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