Has OKX’s DEX launch delay changed the game for crypto exchanges?
OKX, a major player in the cryptocurrency exchange market, decided to delay its decentralized exchange (DEX) mainnet launch due to regulatory concerns. What does this mean for the future of crypto exchanges?
Why did OKX delay its DEX launch?
The delay serves as a reminder of how regulations affect the crypto space. Star Xu, the founder and CEO of OKX, revealed that regulatory requirements were a large factor in the decision. Initially, they planned to launch the DEX right after testing, but the need for compliance was prioritized. This highlights the constant balance between innovation and compliance in Web3, where regulatory scrutiny is growing.
How do regulatory concerns impact the crypto market?
Regulatory concerns can shape the…
