Jay Hao, CEO of OKX cryptocurrency exchange, named five basic principles for listing cryptocurrencies on the platform.
Jay Hao posted on his X account that many of his friends are urging him to stake more BRC-20 tokens. However, he explained why this strategy is not suitable for OKX.
The head of the cryptocurrency exchange presented five basic principles for listing specific tokens on the exchange. He said you should rely on the following factors before deciding to list your cryptocurrency assets:
- Blockchain technology and token-based products
- Token popularity in the community
- The founders and team are long-term builders.
- Legislative and compliance review
- Reject listing of “Dungcoin”
“I believe that using the simplest strategy of listing all tokens as exchanges may help the market exchange money faster, but it will destroy the market.”
OKX CEO Jay Hao
Jay Hao also noted that OKX never wants to become the most aggressive listing exchange in the industry. OKX may not be the most visible leader in the industry, but it still has a long-term philosophy of building infrastructure, not being evil, being as transparent as possible, and always relying on technology.
Last week, trading volume on the OKX NFT marketplace exceeded $60 million, surpassing the Blur and OpenSea platforms. Analysts attribute this growth to increased trading volume for BRC-20 and Bitcoin (BTC) Ordinals tokens. The success of the cryptocurrency exchange is due to the fact that in May 2023, OKX added the ability to trade Bitcoin ordinal and BRC-20.