OKEx Launches Initiative to Develop Global Compliance Standards for Cryptocurrency Exchanges

OKEx to engage exchanges and market participants to develop a Global Self-Regulated Organization (SRO) aimed at standardizing practices and policies
 
MALTA, Malta - Oct. 3, 2019 - PRLog -- OKEx (https://www.okex.com/) (www.okex.com), one of the world's largest spot and futures digital asset exchanges, today announced an initiative to create a Self-Regulated Organization (SRO) aimed at standardizing exchange practices and policies. Similar to the World Federation of Stock Exchanges, FINRA in the United States, and the World Economic Forum, OKEx is engaging exchanges and market participants in the global crypto-trading community to become members of this initiative.

The initiative was announced in Malta at the DELTA Summit by Enzo Villani, a former Nasdaq executive who joined OKEx as the company's Head of International Strategy and Innovation. This SRO will be an independent, membership-based organization that is neutral and open to exchanges of all sizes and jurisdictions. Member exchanges will work together to define and adopt standards that will promote digital asset adoption globally, educate governments and regulators, and develop metrics and criteria for trading, listings, and reporting.

Exchanges must clarify their operational practices and procedures in order to best cooperate with governments and encourage innovation in this sector. OKEx invites other exchanges to join the company in establishing standards for market-making, listings, delistings of digital assets, and other items critical to the growth of the entire industry. Crypto exchanges share a common goal to protect investors and traders, and to foster innovation in the cryptocurrency ecosystem. Together, exchanges can more effectively set standards to usher in financial security for millions of people.

Headquartered in Malta, OKEx is a top-tier digital asset exchange offering more than 400 token and futures trading pairs to millions of customers in 150+ countries. OKEx offers the most diverse trading products in the market, ranging from spot trading, fiat-to-token trading, margin trading, and crypto derivatives. The company also helps traders, miners, and institutional investors optimize their investment strategies.

To learn more about OKEx and the SRO initiative, please connect with OKEx team at Delta Summit or by contacting okex@transformgroup.com. For photos of the event, please click here (https://drive.google.com/drive/folders/11V07Gf0CaFs-cq3L0...).

ABOUT OKEx

OKEx (https://www.okex.com/) (www.okex.com) is a world-leading digital asset exchange headquartered in Malta, offering comprehensive digital asset trading services including fiat-to-token trading, spot trading, and derivatives trading to traders globally with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies.

Follow OKEx on Twitter (https://twitter.com/OKEx).

Check out OKEx's latest press materials in our Press Room (https://okexpressroom.prowly.com/).

Media Contact
Molly Waldron
okex@transformgroup.com
okex@transformgroup.com
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Tags:Blockchain
Industry:Computers
Location:Malta - Malta - Malta
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