Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

OKX founder plans to launch secret Bitcoin business in Feb, predicts the industry will grow 100X

Source Cryptopolitan

Star Xu, the founder of crypto exchange OKX, has teased the upcoming launch of a secret Bitcoin-focused business, set to debut in February. Speaking at the “OKX New Year’s Dinner” in Da Nang, Xu shared limited details about the venture, describing it as a significant step toward driving industry innovation and accelerating mass adoption of cryptocurrencies.

As revealed by Chinese correspondent Colin Wu, the specifics of the project remains under wraps, as the product is still undergoing refinement. “We aim to contribute to industry innovation and accelerate mass adoption,” the OKX founder and CEO said, adding, “I’ll keep it a secret for now.”

OKX CEO outlines vision for growth

During the dinner event, the founder repeatedly mentioned three words, meant to echo the company’s focus in 2025: compliance, Bitcoin, wallets, OKB (OKX’s utility token), and innovation. He reflected on the evolution of Bitcoin, recounting how initial skeptics dismissed it as overpriced at $10, only to later see it as an undervalued asset.

“When BTC started at $10, many friends I know used to think that BTC was too expensive, but later they thought that BTC was too cheap… I believe similar situations will be repeated many times in the future,” Xu noted.

#OKX年夜饭正式开幕！@star_okx 表示加密行业是一个周期驱动，得到全球监管支持的朝气蓬勃的领域

Crypto和AI将成为未来全球十年商业技术发展最好的两个行业 pic.twitter.com/19Ztu3vxEQ

— OKX中文 (@okxchinese) January 14, 2025

“The scale of the entire crypto industry will grow by 100x,” he predicted. Xu also drew a comparison between Bitcoin’s current market value, saying it was roughly one-tenth that of gold. However, owing to the success spot BTC exchange-traded funds (ETFs) have had over gold ETFs, the CEO believes the largest crypto will eclipse gold in the near future.

Commitment to neutrality and quality

The founder also shed light on OKX’s neutral stance in the industry, reaffirming that the platform does not create its own tokens beyond OKB. Instead, OKX Ventures, its investment arm, maintains an impartial approach by investing in projects regardless of their listing status on the crypto exchange.

“Our listing strategy is a means to discover high-quality assets,” he explained, while also acknowledging criticism that the platform has not empowered OKB sufficiently.

OKB, the utility token of OKX, is used for calculating and paying trading fees, participating in governance and voting processes, and providing rewards to users who hold the token. It also plays a crucial role as the “gas” of X Layer, with OKX team planning for more developments to enhance its utility.

OKX Web3 wallet’s progress

The exchange’s Web3 Wallet Product Director Aaron delivered a keynote at the same event, reflecting on the rapid development of the wallet and its role in the industry. Over the past few years, the Web3 Wallet has built a multi-chain ecosystem while engaging in trending sectors like airdrops, inscriptions, and decentralized exchanges (DEXs).

“OKX Web3 aims to become a fair hotspot platform and the Web3 gateway for players,” Aaron stated.

He described initiatives such as multi-chain and multi-account development during the airdrop season, launching a TG mini app during the TON trend, and enhancing market and DEX functionalities for memecoins.

Just recently, the crypto exchange issued a warning about unauthorized wallet extensions available in the Firefox plug-in store. These fake extensions were reported to add third-party functionality within the browser interface, posing a risk to users.

【重要公告】我们注意到近期 Firefox 浏览器插件商城中出现了假冒的 OKX Wallet 插件，请注意：OKX 官方目前尚未发布任何 Firefox 插件⚠️

如果您已经使用该恶意插件请立即转移相关钱包资产，我们已经就此向 Firefox 官方投诉。… pic.twitter.com/GjImvSA35l

— OKX中文 (@okxchinese) January 8, 2025

In a statement shared on January 8, the crypto exchange confirmed that it had not released an official Firefox browser extension for its wallet. The company urged users who had downloaded the extension to immediately secure their digital assets and migrate them to more safer storages.

“User safety remains our top priority,” OKX wrote in a post on its official X account, assuring its community that it is taking measures to prevent similar incidents in the future.

A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.

Author FXStreet

Aug 22, 2023

Prioritize filling the $27,000 gap and even try higher.

Pinduoduo Earnings Incoming: Morgan Stanley Sees Long-Term Profit Potential Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.

Author Mitrade

Nov 20, 2024

Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.

Elon Musk’s xAI and Neuralink Launch New Funding Rounds Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.

Author Insights

Jun 03, 2025

Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.

Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Author Mitrade

Nov 17, 2025

Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

Gold edges lower below $4,750 amid fragile Middle East ceasefire Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.

Author FXStreet

22 hours ago

Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.

Popular Symbols