OKX Receives Provisional Approval from the Monetary Authority of Singapore for Major Payment Institution License (MPI)

OKX has consistently adhered to transparency and is one of the earliest companies in the virtual asset industry to release monthly reserve proof reports, thereby verifying comprehensive support for user assets held on the platform. Users can also independently verify their assets’ support from OKX reserves by using open-source verification tools. Since its launch at the end of 2022, OKX has released 16 consecutive months of reserve proof reports and actively promoted the adoption of innovative and continuously improved reporting standards in the industry.