A Letter from Star Xu, CEO and Founder of OKX
As CEO of OKX and a builder at heart, I’m proud to reflect on an extraordinary year of growth and progress. Despite challenges, 2024 was marked by focus, innovation, and resilience. We expanded our product offerings, advanced regulatory alignment, and strengthened our global leadership team. Most notably, 2024 became the crypto industry’s "comeback year," signaling renewed confidence after a period of uncertainty.
Our mission remained clear: "Pioneer the path to decentralization and make crypto accessible to the world."
Key Milestones of 2024
- 122% YoY increase in app downloads.
- 20x growth in daily DEX trading volume.
- 991% surge in global OKX Wallet usage (as of December 5).
These metrics reflect a global shift toward crypto adoption and OKX’s leadership in this movement.
Product Innovations
Simplified User Experience
We launched a default "Simple Mode" in our app, offering clearer crypto price visibility and streamlined trading for casual investors—replacing the complex interface designed for professional traders.
Cross-Chain Interoperability
Added support for 100+ blockchain networks, creating seamless interoperability via our Web3 ecosystem.
Design Modernization
Revamped the app’s UI/UX for intuitive daily use.
In 2024, we welcomed millions of new users, introduced 200+ features, and deployed 800+ updates across centralized exchanges, wallets, and decentralized services.
👉 Discover OKX’s latest features
Global Expansion
We established local operations in Brazil, Singapore, UAE, Turkey, Netherlands, Belgium, and Australia, with teams focused on regional growth. Key achievements:
- Secured 4 major licenses (Singapore, UAE, EEA, Australia).
- Enabled fiat on-ramps for easier access.
- Increased Assets Under Management (AUM) in local markets.
This expansion underscores our commitment to regulated markets and collaboration with policymakers.
Compliance and Transparency
Strengthened Compliance
- Expanded the compliance team to 500+ specialists.
- Enhanced KYC, AML, and transaction monitoring.
Proof of Reserves
Published 26 consecutive monthly reports, verifying 1:1 backing of user funds. Current reserves:
- $30B in assets.
- 100%+ reserve ratio for top 22 traded assets.
Executive Leadership
2024 saw key hires to drive global strategy:
- Mehmet Çamır (President, OKX Turkey).
- Erald Ghoos (CEO, Europe).
- Gracie Lin (CEO, Singapore).
- Yuri Mushkin (Global Risk Director).
Looking Ahead to 2025
OKX aims to become the foundational pillar of the crypto economy, akin to Google’s role for the web.
Future Vision
- Mass adoption of Web3 through decentralization.
- Enterprise-grade dApps for financial institutions.
- OKX as the hub for decentralized innovation.
2025 isn’t just another year—it’s the next chapter in defining crypto’s future.
FAQs
1. What were OKX’s biggest achievements in 2024?
A 122% increase in app downloads, 20x DEX volume growth, and securing licenses in 4 regulated markets.
2. How does OKX ensure user fund security?
Monthly Proof of Reserves reports verify 1:1 backing, with $30B in reserves.
3. Which markets did OKX expand to in 2024?
Brazil, Singapore, UAE, Turkey, Netherlands, Belgium, and Australia.
4. What is OKX’s vision for 2025?
To drive Web3 mass adoption and support decentralized financial solutions.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Crypto holdings involve risk. Consult a professional for guidance.
© 2025 OKX. All rights reserved.
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