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Joining OKX, our license and plans in Singapore

A message from OKX Singapore CEO Gracie Lin

I'm thrilled to share that I've joined OKX Singapore as CEO. I've taken on this challenge because I believe that crypto represents the next frontier of innovation, and Singapore plays a significant role in adoption. I'm confident that we're well-placed to connect Singapore customers with the onchain world in a secure and seamless way.

OKX's history in crypto goes back nearly a decade, and in recent years we've grown our footprint and obtained licenses in key locations around the world. Our commitment to responsible innovation for sustainable growth speaks to our belief in driving technological progress while ensuring customer protection.

As a key digital asset hub, Singapore is an integral part of our global strategy. The team has been working hard to build a strong foundation here, and I'm very proud to announce today that OKX SG has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

The MPI license allows us to offer digital payment token and cross-border money transfer services, including spot (buy and sell) trading of cryptocurrencies for customers in Singapore. Obtaining the license is an important step in our journey, and we are more committed than ever to enabling access for our customers, and contributing to the community and ecosystem.

Born and raised here, I've always looked for ways to make a difference in Singapore. I've been fortunate to have had opportunities to do so in my previous roles at MAS, GIC and Grab. I believe OKX SG is the perfect launchpad to contribute on an even greater scale.

I'm truly energized by the opportunities ahead and honored to be driving our efforts to be the leading digital payment token exchange in the country. With our team's track record, passion and ambition, as well as a supportive community, we're very optimistic about our future here.

This is just the beginning of an exciting journey, and I cannot wait to share more updates as we work to bring the vision of OKX SG to life. Stay tuned!

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© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
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