OKX Cryptocurrency Exchange Announces Launch of OKX Pay Wallet
Cryptocurrency exchange OKX announced this morning the upcoming launch of its new product, OKX Pay Wallet, which is expected to officially go live next week. A financial card based on the payment system is also on the way. This multi-chain supported digital wallet not only puts pressure on competitors such as MetaMask and Phantom but also demonstrates OKX’s ambition and vision to promote the mass adoption of cryptocurrencies.
OKX Pay Wallet Unveiled: Multi-Chain Support as a Highlight
OKX CEO ### Star (@star_okx) revealed in a tweet this morning that OKX Pay Wallet will debut next week. The image shows that the wallet supports stablecoins, multi-chain transactions, and P2P payments, and with a simple and intuitive interface design, it lowers the entry barrier, allowing newcomers to easily get started.
We will launch OKX Pay Wallet next week. It’s a road to billion users crypto adoption! Looking forward to try it! @okx @wallet pic.twitter.com/zRpa1XzHqC
— Star (@star_okx) April 25, 2025
OKX Pay Wallet continues the core philosophy of OKX Wallet, focusing on self-custody, meaning users have complete control over their private keys and assets, enhancing security and control. The wallet supports over 130 blockchains, has the ability to store cryptocurrencies, NFTs, and other digital assets, and can create multiple sub-accounts for flexible fund management.
Social and Monitoring Features: Cryptocurrency Gifts and Smart Money Signals
Notably, OKX Pay Wallet features unique social and monitoring functions, with the most talked-about being “cryptocurrency gifts” and “smart money signals”:
Users can send digital currency in chat groups and receive interactive feedback, creating application scenarios close to daily life. At the same time, the wallet also integrates smart money signals and in-depth token analysis to help users grasp market trends.
Additionally, in response to the question, “Will there be a financial card?” Star also replied: “Yes,” generating high expectations for the upcoming “OKX Financial Card,” although it remains uncertain whether it will be issued in the form of a debit card or a credit card.
Regulatory Storm Continues: Impact of DEX Function Suspension on OKX
OKX’s recent frequent changes to its wallet service are closely related to the regulatory pressure from the EU’s Markets in Crypto-Assets Regulation (MiCA). The DEX function of the wallet has been suspended for more than a month, including Swap and Bridge services, and has yet to be restored, leading to numerous user complaints.
(OKX Web3 Suspends DEX Aggregator Service: Actively Responding to Cyber Attacks and EU MiCA Regulatory Pressure) As previously mentioned by market observer AB Kuai.Dong, the OKX incident has prompted many exchanges to begin adjusting their Web3 business, including “splitting the wallet into an independent app, completely separating it from the exchange,” as one of the solutions.
OKX Transformation Strategy: Exploring New Paths, Entering Payments
OKX’s recent tweets focus on slogans like “collect, store, manage,” attempting to strengthen the concept of self-custody and seemingly aiming to reduce reliance on high-regulation-cost DEX functions. Despite having multiple regulatory licenses, under the compliance pressure in the EU, it is understandable for OKX Wallet to choose a strategic transformation from a DEX aggregator to the payment sector.
Now, OKX Pay Wallet is an important step in OKX’s global expansion strategy, with its user-friendly interface, functional integration, and security mechanisms expected to attract more newcomers and mainstream users. However, in the face of a stringent regulatory environment, how OKX balances innovation with compliance and continues to improve service experience remains one of the significant challenges.
Risk Warning
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