Founded by Star Xu back in 2017, OKX claims to be the second biggest crypto exchange by trading volume globally, serving more than 50 million users worldwide. OKX is owned by Ok Group, which also owns crypto exchange Okcoin.
Crypto exchange OKX has received its in-principle approval from the Monetary Authority of Singapore (MAS) for its major payments institution licence (MPI) on Mar 13.
The full licence will allow players to offer digital payment tokens — or cryptocurrencies services to individuals and institutions.
