OKEx joins Kakao’s Klaytn blockchain ecosystem

(source: Unsplash/Austin Distel)

Last Updated on Friday, 25 October, 2019 at 10:00 am by Christian Keszthelyi

Malta-based Digital asset exchange OKEx is joining global public blockchain project Klaytn —backed by Kakao Corporation — as an “Ecosystem Partner” that essentially aims to drive the mass-adoption of blockchain experience for millions of users across the world, according to a press statement sent to Business Malta.

OKEx believes that the recent addition of Ecosystem Partnership can contribute to building a stable blockchain ecosystem, as well as offers a great opportunity to connect to different networks and portfolios under the blockchain space.

“We are excited to participate in this new initiative by Klaytn. We have a strong faith to the team and the blockchain technology developed upon solid reliability and significant stability,” said Andy Cheung, Head of Operations of OKEx.

“Exchanges and projects itself should work together to define and adopt standards that will promote digital asset adoption globally. At OKEx, we are always keen to work with market players in expanding the market and bring in quality projects in accordance with market needs, and I believe this indicates a good start,” Mr Cheung added.

“We are delighted to welcome the global top exchange OKEx to join Klaytn,” said Chase Choi, the Head of Business at Ground X. “As Asia’s number one blockchain platform, we will further solidify and expand our ecosystem together with OKEx,” he added.

Klaytn partnerships come in various forms: Governance Council, Ecosystem Partners, Initial Service Partners, KLAY BApp (Blockchain Application) Partners, and Investors. The project’s partners currently include giants such as Samsung Blockchain, IDG Capital and Shinhan Bank.

Developed by Kakao’s blockchain arm, Klaytn is an enterprise-grade and service-centric blockchain platform with a mission to combine the features of both public and private chains via an efficient hybrid structure. Kakao is one of the market-leading messenger services in South Korea.

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