Crypto Exchange Giant OKX introduced the independent application OKX Wallet, a non -custodial wallet with an incorporated decentralized exchange (DEX) as a key feature.
According to the firm, the launch is part of its efforts to improve users’ access to decentralized finance tools and services (DEFI). Previously, the OKX wallet was only available as a feature within the main OKX application.
What about the OKX wallet application?
In BlogOKX Marketing director Haider Rafique shared that the decision to separate his defi wallet from the OKX main application occurred after years of internal discussions and a growing demand for users.
OKX explained that the original wallet function was launched three years ago as an experiment, allowing users to alternate between centralized exchange functions and decentralized access within a single application.
However, the characteristic experienced growth, processing around $ 1 billion in daily transactions in more than 130 compatible blockchains, with 500,000 new wallets that are created every day, with a total of $ 44.5 billion in cryptography currently self -odled.
“With this incredibly fast growth, we want to even more improve the discovery and experience of the client. We discover that new people in Crypto are not yet familiar with the OKX wallet. In part because it is integrated into our main application and, often, difficult to discover. To improve this discovery and general familiarity with self -ocustodia wallets, we decided to separate it into a new application.”
Haider Rafique, Marketing Director, OKX
Key differences between the two applications
Okx will do itp
The application is aimed at regular cryptographic beginners and investors, offering characteristics such as:
- Market monitoring
- Portfolio building
- Reference rewards
- Trade bots
- Access to selected futures markets
OKX wallet application
It works as a totally self -ocustody wallet, allowing users:
- Keep your own private keys
- Real -time exchange tokens
- Access Defi and Dexs protocols
- Commerce NFT and other digital collectibles
- Discover rewards in the chain and explore newly launched tokens
OKX also stressed that the wallet presents a incorporated coincident engine that adds prices in Dexs to offer the best available rates.
Transition for existing users
Users who use the OKX wallet are recommended within the main application that downloads the new OKX Wallet application and import their existing wallet using their seed phrase.
While the wallet will remain accessible in the OKX application during a transition period, the wallet functionalities within the main application will be gradually eliminated.
OKX clarified that the user’s funds will not be affected during migration, since all the holders of the wallet are already self -body. The company emphasized the importance of safely storing the seed phrase to maintain access.
In addition, the exchange of encryption emphasized that the new independent wallet has never been compromised and is highly qualified by Hacken and Certik security companies.
Where to download The OKX wallet?
Users can discharge The OKX wallet of web browsers and application stores, depending on the location, since the OKX Web3 application is not available in some regions in Apple App Store and Google Play Store.
For browser extensions, the OKX wallet can be downloaded in Chrome, Brave, Edgeand Safari.
Recent OKX news
Last month, OKX launched OKX Pay, a Selfustody Stablecoin payment application with zero fees and instantaneous transactions, designed to simplify the adoption of cryptography through safe and integral characteristics and integration with platforms such as Mastercard.
The Exchange giant also officially launched its wallet Crypto Exchange and Web3 in the US. In April, offering US users access to the main cryptocurrencies, fiduciary integrations and a rich in functions Walle.
In addition, OKX and Standard Chartered launched a collateral reflex program under Dubai’s frame, which allows institutional clients to use cryptographic and tokenized funds of the money market as an out -of -exchange guarantee for trade.
This article is published in Bitpins: to facilitate the Crypto of Autocustody and the Defi Access: OKX Lanza Web3 Wallet as an independent application
What else is happening in Crypto Philippines and beyond?
