OKEx CEO Tim Byun talks OKChain, expansion to Malta and Japan

04 Feb, 2019 | Updated: 04 Feb, 2019
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OKEx CEO Tim Byun talks OKChain, expansion to Malta and Japan

OKEx has had a successful 2018, following a tumultuous bear market that lasted the entire year. The exchange has focus on growing its core business among other ventures to ensure the company remains relevant and competitive. 

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In an interview with CEO Tim Byun, he discussed the future of OKEx and its subsidiaries.

Byun describes the industry much like Binance CEO Changpeng Zhao does. Byun admits there is a lot of growth that still needs to occur in order to push mainstream adoption and while the bear market is making life difficult for cryptocurrencies and exchanges alike, the end goal is to ensure sustainability and growth in the industry.

Byun explains that OKEx is also working on their own blockchain which will feature sharding technology. "OKChain is progressing well, but we do not have any new news for OKChain and OKB, which will likely be a native token for the OKChain as well as having additional utility" Byun commented.

 Read More: Huobi recorded $483M trading commission in 2018, exceeding Binance and OKEx

According to Byun, OKEx will also be looking to open up shop in Japan, following the recent announcement that OKEx will open up in crypto-friendly Malta. OKEx is currently operating out of the USA, Europe and Korea.  The push into Malta will see OKEx partner with the Malta Stock Exchange, "Looking ahead, we are also excited about OKEx’s partnership, called OKMSX, with the Malta Stock Exchange to list security tokens once proper security licenses and authorities are obtained" Byun said.

All-in-all it looks as if OKEx is set to keep pushing the boundaries on crypto mass adoption while offering the best services in the industry. Binance has some serious competition.

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