Our mission is to connect the global markets. We list quality projects for our customers to trade. Simple as that. DEXs could play a huge role in the future and we want to contribute to that, but right now I still see many obstacles that must be overcome. Some people may think that centralized exchanges contradict the idea of decentralization, but our view is that we are here to promote blockchain adoption however that may look in the current ecosystem. If our way of doing this looks completely different a few years down the line remains to be seen, but until then I believe we are playing a vital role in this ecosystem.
Wash trading –
We see this happen everywhere, even in traditional markets, but just in a different form.
When some projects want to attract attention, they try to fabricate their volume and of course we do not condone this.
We have a surveillance team in place to monitor our markets 24/7. If we identify any suspicious accounts, we immediately suspend or even terminate their accounts. We have also refined our KYC verification process to make sure that no illegal/unethical activities can take place on our platform.
Types of users. All of the major exchanges have a huge base of retail traders, but we actually have quite a big portion of professional/institutional traders on OKEx.
I think in order to stay on top, we must keep innovating and listening to our users. The reason for our incredible growth since our launch in 2017 is simply having a good product that we are constantly looking to improve.