Star Xu - Road to the Next Billion Users - TOKEN2049 Dubai 2025

Hello, good afternoon. Yeah, I'm the CEO and the founder of OKX. It's my allo here today to introduce a company's product and vision to everybody. So until today, OKX we have three major uh product and visions. First OKX exchange which is a classic product.

We run this product for 12 years. OKX web3 wallet as you know uh we support 100 chains. Uh it's popular uh in every country. OKX pay which one of our new innovations. I want to start from OKX exchange until today.

OK exchange offer a lot of trading product to our retail customers such as a sport trading, futures trading, margin trading, uh structural products, bought trading and option trading in different country. We offer different product according to local regulations. We also has robust infrastructure to the institutions. We are one of the most earnest company exchange launch unified account trading and portfolio margin trading. We work with couple of third party custodies like corpo like a standard chart of custody also until today I put a chart here is our trading systems performance.

So averaging our every single order coming in two milliseconds we will finish the the transaction and our historical record is in the best markets we get a 1 million order per second. We work with a couple of worldclass third party custody like a copper command and standard charter. Actually in the standard chart and frankly tempan structure we will allow our customer use benji token as a collateral to trade in OKX. At the same time you can get yield from the Benji token. We also as you know we just pay a fine to US government for some legacy issues.

Yeah but until today yeah we build a very robust compliance controls. We use fat of standard as our basic rules basic controls in global business and when we go to different country we add additional controls according to local rules. So these controls including customer due diligence suspicious activity detection and reporting. We also leverage a lot of technologies to make sure the effectiveness of this control. So until today we have more than 5,000 employee globally.

More than 10% of our employee is compliance audit and risk PE professionals. We are licensed in more than 10 jurisdictions. So like in United States we operate in 48 states. In UAE we are one of the full licensed company. We also may be the only exchange in the market offer fiat on ramp and off-ramp.

We also licensing Singapore, Australia and a lot of other jurisdictions. Let's talk something about OKX wallet. So until today, OKX wallet is a multiplechain wallet. We real time monitor blocks and dats from 100 chains. We have the technology to real time understand the data from different chains.

So based on this infrastructure, we build multi-chain wallet. We we build des multiplechain decentralized trading and a defi aggregator. So until today you can use OKX wallet access to whatever chains you can use our discovery feature to dis real time discover tokens from different chains. As you know before there is a popular token recently which is a Trump token before Trump list in centralized exchange I think more than 10 to 20% volume happens through OKX wallets. So today just we start a new product we call OKX pay.

So both OKX exchange and OKX wallet we service professional users like a professional trader native onchain user but as a crypto guy stay in the industry for 12 years we always have a vision to make crypto walk into people's daily life but in the past actually crypto adoption moves very slow yeah there are some applications like a RV like a compound but Why? My cons my think is in the past there are a couple of restrictions. First like a blockchain performance as you know a lot of chain the TPS is very slow the gas is expensive another reason is compliance blockchain create as a decentralized without compliance control until today I think decentralized wallet actually confirmed by a lot of calls there's no compliance obligations but if you want to make a crypto product really adapt to billings customers, we must build a compliance layer to these D5 products. So we OKX created the pay wallet first. This is a multi multi- thick wallet, two of two.

We OKX hold one key. Our customer hold another key. And this wallet is a abstract account wallet. So we use some technology like ZK will allow customer reset your wallet. If you lose your so the current web three wallet if you lose your key or leak your key you will lose your money but with the zk email with the abstract account it's possible to recover your wallet same as recover your bank account we are also build a high performance uh chain which is a level two chain x layer so this is some UI of the product you can easily send money to your friends, send money to a group of friends, send money to merchants.

You can also get a free 5% APY easily. So the vision of OKX pay is first we always believe as a crypto industry entrepreneur lot key lot of money. I believe in next couple of years most of the user will just get a wallet. You don't need a bank account. Second, we need to add a compliance layer to crypto wallet because we want to service millions even billions customers without compliance control there will be a lot of challenge like terrorism finance money laundering.

If you if we want make any crypto application popular to millions billions user the compliance is necessary. We also add a web two experience to web3 wallet. Yeah. So with OKX pay wallet you don't need understand what is primary key. You just on board to the company.

You just pass the KYC. Then with your pass key one click you can create this wallet and you can send money to whatever you want under all necessary compliance controls. Yeah, we will we believe the money transfer the man the value move should be peer-to-peer. Peer-to-peer is a very beautiful model. You don't need the low agent is is required to make a transaction happen.

We OKX pay wallet can make money transfer like send a message to your friends. Yeah. So we just launched OKX Pay in like APE countries. We will extend it to global markets step by step. Uh in in a lot of specific market we need a payment license.

In some markets uh the crypto license and payment license is unified. Yeah. Thanks everybody. Yeah. So I'm just here to introduce the company to everybody.

Thank you. Yeah.