OKEx Joins Kakao’s Blockchain Project – Details


OKEx has revealed that it is joining Klaytn, a global public blockchain platform developed by Kakao subsidiary Ground X.

OKEx wrote on October 25th in a press release that blockchain project Klaytn will be adding the crypto exchange into their ecosystem aiming to expand blockchain adoption.

OKEx is joining some industry giants like IDG Capital, Samsung Blockchain and Shinhan Bank. According to the exchange, this partnership is an opportunity to build a stable blockchain ecosystem and connect to different networks and portfolios in the blockchain industry. Head of Operations in OKEx, Andy Cheung, said this about the partnership :

“Exchanges and projects itself should work together to define and adopt standards that will promote digital asset adoption globally.”

Also, cryptocurrency exchange Binance joined Klaytn’s governance council recently. Binance, together with other 24 member companies such as LG Electronics, Unionbank of the Philippines and Celltrion, will make decisions for Klaytn’s business and technical developments.

As a result of the news of OKEx joining Klaytn, the exchange said in a press release that it had established 14 partnerships with service providers to promote the adoption of its utility token OKB. Andy said:

“The 14 new partnerships is a shot in the arm for OKB. Together with our community, we will continue to explore the possibility of OKB. By offering a wider array of applications, OKB holders will be able to enjoy the fruit of blockchain technology and the appreciating value of our token.”

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