Crypto Exchange OKX To Enter India and Hire Local Talent for Web3

Image – Raheem Ali OKX @X (twitter) 

OKX (formerly OKEx), a cryptocurrency centralized exchange (CEX) and wallet platform, plans to enter the Indian market and recruit local employees in an effort to expand the possibilities of Web3 applications, said a report by CoinDesk.

In an interview to CoinDesk, Haider Rafique, Chief Marketing Officer of OKX, said, OKX plans to scale up its wallet services "exponentially" by tapping into India's much-talked-about developer community. Currently, OKX has about 200,000 wallet users in India, which is only 5% of the nation's Web3 users.

Founded by Star Xu in 2017, OKX is a global cryptocurrency spot and derivatives exchange, and the second biggest crypto exchange by trading volume, serving over 50 million people globally.

OKX would deliberate on where it can add value to Indian market. "We're going to work with local folks. Figure out where we can add value.", said Rafique.

Rafique said the company has no immediate plans to open an office in India because that's not required to offer Web3 services. However OKX is looking to hire a team, in India, to lead this effort.

Seychelles headquartered OKX has offices in Dubai, Turkey, Hong Kong, Silicon Valley, Singapore, and Australia.

To recall, it was in September 2021 when, in a first strategic partnership in India, OKX joined hands with Bitbns, India's leading crypto wallet and exchange platform to elevate flexible trading capabilities for Indian crypto users across the region. OKX and Bitbns have had integrated using the matic-polygon ecosystem to provide free blockchain transfers to its users.

Notably, Cryptocurrencies isn't banned in India, and neither its legal, and Indian regulations impose a 30% tax on trading of  cryptocurrencies.

Rafique said he thinks regulators in India are beginning to separate Web3 from centralized finance (CeFi). “They’re more concerned about venues that have fiat on-ramps, which we do but we don’t offer it in India,” he said.

Last year in January, OKEx rebranded to OKX to reflect that it is more than an exchange and has growing number of wealth creation opportunities beyond the exchange, which investors use to trade hundreds of digital assets on spot, margin and derivatives markets.

Wax Studio’s Native Token BRWL (Blockchain Brawlers) Listed through OKX Jumpstart

Partnership to create a blockchain connected future for the gaming industry

OKX, the world’s second largest crypto exchange by spot trading volume, announced today the Wax Studio native token BRWL (Blockchain Brawlers) will be listed through the OKX Jumpstart program. Blockchain Brawlers is a play-to-earn wrestling game created by WAX studios featuring a cast of NFT characters. 

Built on Wax Blockchain, BRWL (Blockchain brawlers) token is aimed at simplifying monetization of in-game assets by working as the in-game currency. The partnership between OKX and Wax Studios is a symbiotic association of two major brands with a common goal of migrating the global gaming industry on blockchain which will benefit all the relevant stakeholders of the industry.

OKX Jumpstart will let users earn BRWL tokens by staking OKB tokens. A total supply of 50,000,000 BRWL tokens will be available for subscription on OKX with no upper limit for individuals. Users from various countries including India can use OKB tokens to participate in the OKX Jumpstart from 8:00 am UTC on Mar. 27, 2021. BRWL transactions will take place under ERC-20 protocol.

Commenting on the development, Jay Hao, CEO of OKX.com, said: “We are excited to partner with Wax Studios for this BRWL token listing. Through this association we would like to create an enhanced user experience through our play-to-earn initiatives. As we dive deeper into the metaverse space, OKX will continue to collaborate with promising metaverse projects.”

Commenting on the development Michael Rubinelli, Head of Games at WAX Studios, said: “We are happy to find a like-minded partner in OKX. Wax Studios has embarked on an exciting journey to build a play-to-earn ecosystem to boost the creator economy along with driving NFT adoption in the gaming space.”

Powered by BRWL tokens, each player can earn, and craft their way to fame and fortune. The game features 400 “Founder’s Edition” Legendary 1-of-1 brawlers, a limited-edition collection of Ric Flair NFTs, hard-hitting gear packs, limited-edition swag and so much more.

The Jumpstart starts at 8:00 am UTC on Mar. 27, 2021. For more information, visit https://www.okx.com/jumpstart

OKX Jumpstart is a platform that helps new projects launch and grow their communities. Jumpstart users are able to participate in campaigns by staking their OKB and receiving tokens from new projects based on their staked amounts. Unlike buying tokens in offerings, getting them via Jumpstart is similar to liquidity mining because users get all their staked assets back after the campaign ends. Each project on OKX Jumpstart starts with its own rules and particulars, such as total tokens available, minimum and maximum stakes, and so on.

OKX is one of the world’s forerunners in the crypto industry. Founded in 2017, OKX innovatively adopted blockchain technology to help rebuild the financial ecosystem of our generation. OKX believes that building a decentralized, blockchain-powered financial ecosystem is a crucial development in this current climate. OKX strives to eliminate financial barriers, evolve the global economy, encourage financial inclusion for billions of unbanked population and change the world for the better. OKX is always working tirelessly to continuously improve the overall user experience to make cryptocurrency trading and investing available to everyone. OKX looks forward to empowering the future generation to apply blockchain technology in daily lives, and helping the unbanked population achieve a fair, secure and trusted financial system.

OKX Collaborates with South China Morning Post (SCMP) to Transform Legacy Content Into NFTs

• Collectable NFTs consisting of posts, video clips and historical archives collected across its 118 years of legacy
• OKX premium users to get priority access to the NFT collection
• OKX to explore collaboration with Indian media houses for legacy content monetization
• Partnership to create news media-centric metaverse projects

OKX, the world’s second-largest cryptocurrency exchange by spot trading volume, today announced a partnership with South China Morning Post (SCMP), a Hong-Kong based English newspaper that is operational for the past 118 years. Through this partnership, OKX will enable SCMP to create collectible NFTs of their historical archives collected across 118 years which consists of video clips, stories, coverage of historical events which shaped the world.

Artifacts by SCMP are collectible NFTs from the South China Morning Post's 118 years of archives. OKX is unlocking opportunities, exclusively for its Premium members, a chance to own moments of history and be part of a community enthusiastically preserving history on the blockchain.

In line with its first drop in mid-march 2022, South China Morning Post is looking forward to commemorating the drop around 1997's impact on the consequential history of Asia. The newspaper is all set to highlight contemporary reports revolving around the Handover of Hong Kong from British to Chinese rule, the Asian Financial Crisis, the deaths of Deng Xiaoping and Princess Diana, the Avian flu outbreak, and much more.

Commenting on the development Jay Hao, OKX CEO, said, "We are proud to onboard and serve our global family under the OKX Premium client program. There exists significant potential in the crypto and metaverse space and OKX is striving to create a more welcoming environment for all. Our collaboration with SCMP is just the beginning of this ambitious program.”

Commenting on the development Gary Liu, SCMP’s CEO, said, "Through our artifacts whitepaper, we look forward to inspiring other ‘guardians of history’ to share our vision of making history more discoverable, connected, and collectable. We are delighted to have OKX as our partner in our endeavor to create media-centric metaverse projects.”

OKX has embarked on an exciting journey to bring NFTs to the masses by creating highly engaging platforms for the users. The content driven NFTs will create new revenue streams for legacy media organizations and serve as a connecting link between current generation and rich historical events which shaped the modern world.

About OKX

OKX is an innovative cryptocurrency exchange with advanced financial services. OKX adopts blockchain to build the next-gen financial ecosystem. With OKX, you get access to the leading crypto exchanges by trading volume. Currently, OKX is serving millions of users in 100+ countries with a BTC futures trading volume of $1.5 billion daily. Apart from futures, OKX provides spot, margin, options, and perpetual swaps, DeFi, lending, and mining services.