As CEO of OKX and a dedicated builder committed to our mission, I’m proud to reflect on a year defined by resilience, innovation, and meaningful progress. 2024 was not without its challenges, but it emerged as a pivotal turning point for the crypto industry—widely recognized as a year of recovery and renewed momentum. At OKX, we stayed true to our core purpose: to advance decentralization and make crypto more accessible to people worldwide.
Despite market volatility and regulatory shifts, we achieved remarkable growth. Our app downloads surged by 122% year-over-year, OKX DEX saw a 20x increase in daily trading volume, and our wallet user base expanded globally by an astonishing 991% as of December 5. These numbers are more than metrics—they reflect rising global confidence in digital assets and OKX’s growing role as a trusted leader in the space.
Product Innovation: Building for Simplicity and Scale
User experience remains at the heart of our product philosophy. In 2024, we focused on making crypto more intuitive, especially for new users who may find traditional interfaces overwhelming.
We introduced a simplified trading mode within the OKX app, offering a clean, user-friendly interface that makes it easier to view prices, track trends, and execute trades—without the complexity typically associated with professional-grade platforms. This shift allows everyday investors to engage confidently with digital assets.
Beyond usability, we enhanced our multi-chain infrastructure. The OKX Wallet now supports over 100 blockchains, delivering what we call an “ultra-smooth cross-chain experience.” Whether swapping tokens or bridging assets, users benefit from faster transactions, lower fees, and seamless navigation across ecosystems.
We also completed a full visual and functional redesign of the app, streamlining workflows and improving performance. Throughout the year, we launched nearly 200 new features and executed over 800 upgrades across our centralized exchange, wallet services, and decentralized offerings. Each update reinforces our commitment to making crypto not just powerful—but easy to use.
Global Expansion: Local Presence, Global Impact
True accessibility means meeting users where they are—both digitally and geographically. In 2024, OKX deepened its global footprint by launching localized operations in Brazil, Singapore, the UAE, Turkey, the Netherlands, Belgium, and Australia.
These strategic expansions weren’t just about entering new markets—they were about building trust through local teams focused on community engagement, customer support, and compliance. We integrated seamless fiat on-ramps in each region, allowing users to deposit local currencies directly into their accounts with ease.
Regulatory recognition followed. We secured critical licenses and authorizations in Singapore, the UAE, the European Economic Area (EEA), and Australia—a testament to our commitment to operating responsibly in regulated environments.
This progress translated into tangible results: significant growth in assets on platform (AOP) across these regions. More importantly, it demonstrated our ability to collaborate effectively with regulators while expanding access to innovative financial tools.
👉 See how OKX is setting new standards for global compliance and user protection.
Strengthening Compliance: Trust Through Responsibility
In an industry often scrutinized for risk, we believe strong compliance isn’t optional—it’s foundational.
In 2024, we expanded our global compliance team by over 300 experts, bringing the total close to 500 professionals. These specialists focus on KYC (Know Your Customer), sanctions screening, transaction monitoring, and anti-money laundering (AML) protocols.
Our compliance framework is modeled after top-tier financial institutions, ensuring robust risk management and operational integrity. We’ve also implemented proactive systems to identify and restrict high-risk accounts—protecting both users and the broader ecosystem.
This rigorous approach enabled us to secure licenses in some of the world’s most regulated jurisdictions. It also reflects our long-term vision: to build a platform that doesn’t just comply with rules but helps shape them.
Transparency as a Standard: Proving What We Promise
Trust in centralized platforms can be fragile—especially after past industry failures. That’s why in 2022, OKX made a bold commitment: publish monthly Proof of Reserves (PoR) reports so users can verify that every asset held on-platform is fully backed.
Since then, we’ve released 26 consecutive PoR reports—the most in the industry. Our latest audit revealed over $30 billion in reserves across 22 major cryptocurrencies, all with a reserve ratio exceeding 100%.
We didn’t stop at publishing data—we built tools for users to verify it themselves. Our self-serve verification system has already been used by more than 2 million individuals, empowering them to confirm their funds are safe and fully backed.
This level of transparency isn’t just rare—it’s redefining expectations for what users should demand from digital asset platforms.
Leadership Evolution: Building a World-Class Team
Growth requires strong leadership. In 2024, we welcomed several accomplished executives to strengthen our global management team:
- February: Mehmet Çamır joined as Chairman of OKX Turkey, bringing deep expertise from top Turkish banks and the country’s sovereign wealth fund.
- April: Erald Ghoos became CEO of OKX Europe, tasked with scaling operations across key European markets.
- September: Gracie Lin took the helm as CEO of OKX Singapore, leveraging her leadership experience at Grab and the Monetary Authority of Singapore.
- October: Yuri Muskin was appointed Global Chief Risk Officer, drawing on his background at Goldman Sachs and McKinsey’s investment office.
These appointments signal our ability to attract top-tier talent—and our determination to operate at the highest standards worldwide.
Frequently Asked Questions
Q: What is Proof of Reserves (PoR), and why does it matter?
A: PoR is an audited report showing that a platform holds enough assets to cover all user balances. It ensures transparency and prevents fractional reserve practices. At OKX, users can verify this data independently.
Q: How does OKX support multiple blockchains?
A: The OKX Wallet integrates over 100 blockchains, enabling seamless cross-chain swaps, transfers, and dApp interactions—all within a single interface.
Q: Is OKX available in my country?
A: OKX operates localized services in several regions including Singapore, UAE, Europe, Australia, Brazil, and Turkey. Check local regulations for availability in your jurisdiction.
Q: How does OKX ensure user security?
A: Through multi-layered protections including cold storage, regular audits, Proof of Reserves, advanced encryption, and a dedicated security team monitoring threats 24/7.
Q: Does OKX offer educational resources for new users?
A: Yes—OKX provides beginner guides, market insights, and interactive tools to help users learn about crypto trading, wallets, and Web3 safely.
Q: What is OKX’s vision for Web3?
A: We aim to be the primary gateway to Web3—empowering developers, creators, and enterprises to build decentralized applications that redefine finance, identity, and digital ownership.
Looking Ahead to 2025: Infrastructure for the Decentralized Future
Our ambition is clear: to become the foundational infrastructure of the crypto economy, much like Google became for the internet.
The path forward lies in decentralization. I believe every financial institution will eventually interact with customers through custom dApps. OKX is positioning itself at the center of this shift—providing the tools, infrastructure, and access points needed to power the next generation of digital finance.
We’re already investing heavily in Web3 development. From wallet innovation to decentralized exchange capabilities, OKX is evolving into the go-to entry point for tomorrow’s decentralized applications.
👉 Join millions who are already exploring the future of finance—start your journey with OKX today.
2025 isn’t just another year. It’s the next chapter in defining what crypto can become—and who gets to participate. At OKX, we’re building that future—one user, one innovation, one breakthrough at a time.
Keywords: OKX, crypto exchange, Proof of Reserves, Web3 infrastructure, decentralized finance (DeFi), multi-chain wallet, global compliance