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OKX
OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian
OKX is the first client to use Komainu Connect, a regulated settlement and custody system for institutional customers.
MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve; Nike Teams Up With EA Sports
CoinDesk's Jennifer Sanasie presents the major stories shaping the crypto industry on "CoinDesk Daily" as MakerDAO’s community voted to ditch $500 million Paxos Dollar (USDP) stablecoin from the lending protocol's reserves. Plus, insights on Kraken's gains in customer deposits in Canada following the departure announcements of its rival exchanges including Binance and OKX. And, a closer look at the partnership between Nike Virtual Studios and video game developer EA Sports.
Kraken’s Canada Customer Deposits Rose After Binance, OKX Plan to Leave
Cryptocurrency exchange Kraken is reaping the benefits of staying in Canada after rivals such as Binance and OKX said they plan to withdraw. Kraken’s customer deposits in the country grew by 25% in the weeks following Binance’s announced departure in early May, according to data sent to CoinDesk from a Kraken representative. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Crypto Exchange OKX Targets France as Regional Hub With Plan to Hire 100 People
OKX has applied for a Digital Asset Service Provider license to join dozens of companies that have already won approval.
Alameda Research Receives $57M From Crypto Exchange OKX
Alameda Research-controlled wallets hold over $240 million worth of cryptocurrencies.
Crypto Custodian Copper Partners With OKX to Provide Off-Exchange Settlements
Institutional clients will be able to trade on the OKX exchange while their digital assets remain safeguarded with Copper.
Coinbase Hires Ex-Shopify Exec to Oversee Canada Operations
The company confirmed plans to expand in Canada as that country tightens rules for cryptocurrency exchanges.
Sam Bankman-Fried to Plead Not Guilty to Bribery, Campaign Finance Charges: Reuters
FTX founder Sam Bankman-Fried will plead not guilty on charges of trying to evade campaign financing laws and attempting to bribe one or more Chinese government officials, according to a Reuters report. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De weighs in. Separately, OKX says it has identified $157 million in digital assets belonging to FTX and Alameda Research and is turning them over to the bankruptcy estate for the former companies.
Crypto Exchange OKX Says It's Turning Over $157M in Frozen FTX and Alameda Assets
FTX bankruptcy lawyers say $694 million in liquid assets have been identified before OKX’s announcement.
OKX-Affiliated Okcoin Pauses USD On-Ramp Due to Signature Bank’s Collapse
CEO Hong Fang tweeted that customer deposits are safe and USD withdrawals aren't affected.
