Every four years, the world backs a champion.
This time, your calls could win Bitcoin. Pick match winners, climb the leaderboard, and compete for a share of the reward pool.
Welcome to The Beautiful Game on The New Money App™. Eligible regions only.
What matters for the next phase of onchain finance is not just launching more markets, but also improving the infrastructure behind them.
Exchange OS is designed to give builders and institutions more flexibility in how they create and operate trading venues while benefiting from shared execution and liquidity infrastructure.
The X Layer and OKB teams never stop building. It has always been at the center of our strategy.
Today, we announced Exchange OS — a major step toward open market infrastructure for onchain finance.
We are introducing a dedicated Trade Zone on X Layer for onchain high-frequency trading, powered by the same institutional-grade, high-performance, high-availability, and low-latency infrastructure stack behind OKX — capable of processing up to 300K TPS.
Exchange OS is designed as permissionless infrastructure. Partners can stake meaningful amounts of OKB to launch their own trading venues on the X Layer Trade Zone. The infrastructure supports both CeDeFi models and fully self-custodial models within the same shared execution environment.
This is the next chapter of onchain finance.
Onchain markets are evolving beyond standalone applications.
Exchange OS is focused on pushing shared market infrastructure further — bringing together performance, capital efficiency, and flexible market design within a unified environment on X Layer.
Unify. Disrupt. Build.
The next era of finance is upon us!
It will be created by builders, traders, and communities operating on open rails.
Exchange OS turns markets into infrastructure.
Anyone can launch. Anyone can participate. Everyone can innovate.
A New Chapter: Building the Next Generation of Financial Infrastructure
Our partnership with Intercontinental Exchange marks an important moment for OKX and for the broader evolution of digital asset markets. ICE has built and operated some of the most important financial infrastructure in the world, including the New York Stock Exchange and global derivatives and clearing platforms. Their decision to invest in OKX, and join our board, reflects a shared belief that digital asset technology will play an enduring role in the future of financial markets.
For OKX, this partnership also represents a new chapter in how we approach the United States. In many ways, we view our presence in the U.S. as a blank sheet of paper — an opportunity to build thoughtfully, engage constructively with regulators and institutions, and contribute to the development of market infrastructure that meets the standards of the world’s most sophisticated capital markets.
Financial markets are entering a period of structural transformation. Blockchain technology allows assets to move and settle globally with unprecedented efficiency. Artificial intelligence is reshaping how markets analyze information and manage risk. At the same time, expectations around safety, transparency, and investor protection remain as important as ever. The next generation of financial infrastructure must bring these elements together.
One area where we see tremendous potential is the development of tokenized securities and digital representations of traditional assets. In the future, issuers may be able to bring securities directly to global investors through modern digital infrastructure, while still benefiting from the governance, market structure, and regulatory frameworks that have long defined traditional exchanges. Working alongside ICE and the broader New York Stock Exchange ecosystem gives us a unique opportunity to explore how these models can evolve responsibly.
Our focus is not simply on new technology, but on building durable infrastructure for the global financial system. This includes improving market structure, strengthening risk management and clearing frameworks, expanding institutional access to digital assets, and creating platforms that protect consumers while enabling innovation.
OKX today serves more than 120 million people globally and operates under licensing frameworks in major financial jurisdictions. Over the past decade, we have built high-performance trading systems, onchain technologies, payment systems and security frameworks capable of supporting large-scale global markets. As digital assets continue to mature, we believe collaboration between technology innovators and established financial institutions will be essential.
Our partnership with ICE reflects this principle. Together we will explore how traditional exchange infrastructure and digital asset technology can complement each other to build stronger, more efficient markets.
This investment is not an endpoint — it is the beginning of a deeper collaboration. Our goal is to help shape the next chapter of financial markets, where digital and traditional infrastructure work together to expand access, strengthen trust, and support innovation across the global economy.
https://t.co/HMDZPAWPak
The crypto industry is obviously an oligopolistic market, the top trading platforms have a huge influence on the industry that can't be ignored.
In this situation, product marketing or growth are far less important than the stability and professionalism of the financial products themselves. Because these products are linked to the entire life savings and even the whole lives of countless people.
I hope at least, the caution and the sense of responsibility like Star's can be seen and supported.
I don’t like debate—because you can never wake someone who is pretending to sleep.
That said, clarifying the facts matters. For the record:
1.BTC began declining roughly 30 minutes before the USDe depeg.
This exactly supports the earlier point: the initial move was a market shock.
Absent the USDe leverage loop, the market would likely have stabilized at that point. The cascading liquidations were not inevitable—they were amplified by structural leverage, as explained previously.
2.Dragonfly has never been an investor in OKX—neither a minor nor a major one.
In fact, OKX invested in Dragonfly before @hosseeb joined the firm.
Separately, one partner’s previous fund (not Dragonfly) invested in OKX. These are distinct and easily verifiable facts.
3.I will not spend further time on this topic.
The facts are clear. I do not intend to engage in extended debate.
A pleasure to meet with Star Xu @star_okx, CEO of leading global cryptoassets exchange, @okx, during his visit to London.
Looking forward to continuing to work with OKX & other innovative firms to make 🇬🇧 a leading destination for digital assets.