OKX, one of the leading cryptocurrency exchanges, plans to launch a mysterious new business line in February, according to its founder Star Xu.
This announcement has sparked significant interest, especially since Xu rarely makes public statements.
Star Xu’s Bold Predictions for Cryptocurrency Growth
The revelation of OKX’s secret business line has generated considerable buzz in the crypto community. Web3 enthusiast Ericsu.eth expressed excitement, calling the unveiling "highly intriguing" and comparing it to a "wealth code." Such expectations highlight the high stakes surrounding OKX’s next move.
The undisclosed business line is set to launch in February, with the crypto industry closely watching OKX. Xu hinted that the product still needs refinements but aims to drive industry innovation and accelerate mass cryptocurrency adoption.
In the same announcement, OKX’s crypto chief shared broader insights into the cryptocurrency sector and OKX’s role within it.
“I believe the entire crypto industry will grow 100-fold,” Xu stated.
He likened Bitcoin (BTC) to gold, noting that while Bitcoin’s market cap is currently about one-tenth of gold’s value, BTC ETFs (exchange-traded funds) have already surpassed gold-related ETFs in scale. Xu’s comments reflect his bullish outlook on Bitcoin and emphasize the importance of holding BTC.
“As a practical actor, you should always hold some BTC. You’ll thank yourself later,” he advised.
Xu also acknowledged criticisms surrounding OKX’s native token, OKB, and its perceived lack of utility. He admitted community feedback showed OKB’s use cases and asset listings weren’t aggressive enough but assured users that improvements are underway.
“OKB is the gas for X Layer, and there will be many more actions in the future,” he said.
Xu clarified that beyond its native token, OKX doesn’t issue its own coins, maintaining neutrality through OKX Ventures. While the venture arm invests in various projects, many remain unlisted—a reflection of OKX’s focus on high-quality assets.
👉 Discover how OKX Ventures shapes blockchain innovation
OKB Price Performance
At the time of writing, OKB’s price stood at $48.39, marking a modest 3% increase since Tuesday’s trading session opened.
FAQ Section
Q: What is OKX’s secret business line?
A: Details remain undisclosed, but it aims to drive crypto adoption and will launch in February.
Q: Why does Star Xu emphasize holding Bitcoin?
A: Xu believes Bitcoin’s value will surge, likening its potential to gold’s historical role.
Q: Will OKB’s utility improve?
A: Yes, Xu confirmed upgrades to OKB’s use cases, including its role in X Layer transactions.
👉 Explore OKX’s latest developments
Conclusion
OKX continues to innovate while reinforcing Bitcoin’s long-term potential. With its upcoming business line and OKB enhancements, the exchange remains a key player in crypto’s evolution.
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