OKX Secures License, Appoints Gracie Lin as CEO

Crypto exchange OKX has received a full Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing it to provide digital payment tokens and cross-border money transfer services, including spot crypto trading. This follows the in-principle approval granted in March 2024. Alongside this development, OKX appointed Gracie Lin, a former MAS official with extensive regulatory and financial experience, as CEO of its Singapore operations. Lin aims to tailor crypto products to local needs and enhance the exchange's presence in Singapore. OKX has indicated its commitment to contributing to the local digital asset industry by collaborating with regulators and partners. This move comes as part of OKX's broader strategy to expand its services in the Asia-Pacific region and solidify its position as a leading crypto exchange.