Crypto Exchange OKEx Becomes Member of Klaytn Blockchain Project

By Chris Torres | October 28, 2019

OKEx has reportedly revealed that it will be the next member of Klaytn – a Ground X-developed blockchain platform built specifically to support decentralized apps (DApps). 

Specifically, on October 25, OKEx stated via a press release that OKEx is carrying out the onboarding process to become a Klaytn, in an effort to boost the blockchain adoption rate. 

OKEx will be following the footsteps of a considerable number of key industry players, who have previously joined the project, nominally Samsung Blockchain, IDG Capital, and Shinhan Bank.

The crypto exchange believed this newly-formed collaboration will give way to a new stable blockchain ecosystem, as well as will widen the networks and expand connections and portfolios within the blockchain field. 

“Exchanges and projects itself should work together to define and adopt standards that will promote digital asset adoption globally.” Andy Cheung, Head of Operations of OKEx, shared his remarks regarding the announcement. 

Previously, Binance revealed that the firm will become the newest member of the governance council of Klaytn, together with 24 other big names, the firm will be coming up with business and technical-related moves to grow Klaytn, and increase the adoption rate of blockchain-based tech. 

Apart from the OKEx onboarding, Klaytn further revealed that it has teamed up with 14 service providers to amp up the adoption rate for its self-developed utility token OKB.

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