OKX founder Star Xu said in an interview on the New Era Finance Podcast that exchanges and financial technology companies should make money from technology and services rather than from using customer funds. He also said OKX plans to pursue a listing so it can operate under public company oversight and build trust through disclosure.
In the same discussion, Xu looked back on several market cycles and spoke about the regulatory openings created by Europe’s Markets in Crypto-Assets framework, or MiCA. He said the framework creates opportunities tied to a more unified market in the region.
Xu also outlined OKX’s work on Exchange OS on X Layer and said the company is exploring regulated on-chain trading. The interview touched on the market event of Oct. 10 last year as well. Xu shared his views on how to classify USDe-related risks, as well as on circular collateral and cascading liquidations. He also disclosed that he was an early investor in Ethena. The remarks were cited by Techub News, with Wu Blockchain named in the source note.
OKX founder Star Xu said on the New Era Finance Podcast that financial technology companies should earn revenue from technology and services rather than from using customer funds, according to Techub News.
In the interview, Xu reviewed several cycles the crypto industry has gone through and used the conversation to lay out his operating principles for exchanges. He said OKX plans to pursue a public listing so the company can be subject to listed-company oversight and build trust through disclosure.
MiCA and regulated on-chain trading
Xu also discussed the market opportunity created by Europe’s Markets in Crypto-Assets framework, or MiCA, describing it as a unified-market opening. He went on to talk about OKX’s work on Exchange OS on X Layer and the company’s exploration of regulated on-chain trading.
Views on the Oct. 10 market event and USDe risk
The interview also covered the market event on Oct. 10 last year. Xu shared his views on the classification of USDe risk, circular collateral, and cascading liquidations. He also disclosed that he was an early investor in Ethena.
The source note cited Wu Blockchain.
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