Among today’s news, the speech by Star Xu, founder and CEO of OKX, about the crypto sector and Bitcoin, with reflections and future perspectives, stands out. For Star, in the next decade cryptocurrencies and AI will be one of the best sectors for the development of commercial technology.
OKX News: Vietnam’s New Year’s event and Star’s thoughts on cryptocurrencies
The CEO and founder of the OKX crypto exchange, Xu Star, released his complete speech on Bitcoin and cryptography.
During the event āOKX New Year Dinnerā in Da Nang, VietnamStar participated via video link and shared deep reflections on the development of the sector and future prospects.
First of all, Star talked about an urgency regarding what is creating the semantic gap of the word āCrypto Circleā or āCrypto Industryā. Conceptually, in fact, Star defines this word positively, intended to indicate technological innovation and economic empowerment.
On the contrary, when translating this word with the Chinese term āåøåā, many people attribute a derogatory connotation to it, creating a prejudice against the crypto sector.
To give a practical example, Star says that someone who fails in their startup and enters the cryptocurrency sector to start over could be described as āthis person has entered the cryptocurrency circle.ā
In this regard, Star states:
āAfter delving into the cryptocurrency sector for decades, I realized that it is a vibrant, innovative and technology-driven industry that enjoys global regulatory support. In the next decade, cryptocurrencies and artificial intelligence will become one of the best sectors for trading technology development. Therefore, I wish to invite everyone to maintain the reputation of the āåøåā or ācryptocurrency industryā, starting with our words and actions, respecting our colleagues and building an innovative, technological and transparent industry.ā
OKX News: Star’s intervention on the outlook for Bitcoin and cryptocurrencies
Another interesting point from Star’s speech refers to the attention paid to product development, to then enjoy the dividends of the sector’s growth.
In this regard, Star refers to the development of OKX as an active company in the crypto market and to the dividends it has been able to enjoy even just thanks to the rising prices of Bitcoin and cryptocurrencies.
This is what he said:
āIn recent years, I have not met any fund capable of outperforming Bitcoin. Industry operators should be wary of the superstition surrounding āwealth codes.ā
Not only that, Star goes on to claim that the current BTC market size is only one-tenth of the gold market, but the inflow of funds into Bitcoin ETFs has surpassed that of gold.
This is exactly what Star considers a strong indicator of potential future development of the crypto sector, which, according to him, It could even be multiplied by a hundred.
Star invites participants of the OKX New Year’s Eve 2025 event to always keep BTC within their acceptable investment range and to continue participating in the sector as a sense of achievement.
Finally, it seems that OKX is about to launch a āsecret trading lineā in February.
2024 of the crypto exchange
Star also talked about the successes of the crypto exchange in the recently concluded year 2024. In this regard, he mentioned the development of Web3 wallets and exchange products as fully satisfactory products.
In early 2024, OKX launched a new crypto exchange in TĆ¼rkiye, OKX.TR, and a new Web3 crypto gaming platform, OKX GameSphere.
Not only that, Star also mentioned all the various achievements in terms of license that OKX has obtained in various places around the world.
In fact, in September 2024, OKX obtained the license as a Major Payment Institution in Singapore, while as the main European hub to comply with MiCA, it chose Malta.
In October 2024, OKX was found to be the world’s second-largest app for centralized crypto exchanges (CEX), with 2.2 million downloads.
