CoinDesk Podcast Network MARKETS DAILY: Crypto Update | How OKX Is Planning for Global Expansion
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Feb 19, 2025 Hong Fang, President of OKX and a key figure in the cryptocurrency exchange landscape, shares insights from Consensus Hong Kong. She discusses the shift in Asian retail investor behavior towards long-term strategies and self-custody wallets. Fang highlights the need for institutional-grade products to attract professional investors and emphasizes OKX's strategic global expansion plans, particularly in Europe. With a focus on community engagement, she advocates for responsible trading practices in the evolving crypto market.
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Asia Is A Strategic Priority For OKX
- Asia remains a strategic, unique market with strong local teams and community presence.
- Hong Fang says OKX has a strong Hong Kong team and is committed to contributing to the regional crypto ecosystem.
Asia Retail Mix Of Traders And Long Term Holders
- Retail in Asia skews toward active trading but also includes long-term investors looking at Bitcoin and layer-one tokens.
- Hong Fang notes healthy interest in yield products both on-chain and in other formats among Asian retail users.
Self Custody Wallets Are Surpassing CeFi Assets
- Self-custody Web3 wallet adoption is rising and now holds more assets than OKX's centralized exchange in some measures.
- Hong Fang says OKX invested heavily in both CeFi and DeFi product and infrastructure, fueling wallet growth.