Crypto News – OKX chief marketing officer Haider Rafique, one of the biggest cryptocurrency exchanges by trading volume, told CoinDesk on Wednesday that the company intends to enter India and hire local staff to investigate possible Web3 applications.
OKX CMO Haider Rafique Signals OKX’s Preparation to Expand into India
The business has regional bases in Hong Kong, Singapore, Dubai, and the Bahamas but no global headquarters. By utilizing the much-discussed developer community in India, it intends to exponentially expand its wallet services, according to an interview with Rafique. According to him, only 5% of India’s Web3 users (or around 200,000 wallet users) are now using OKX.
We are not going to come in and cowboy this thing. We’re going to learn about the community. We’re going to work with local folks. Figure out where we can add value.
Rafique
Rafique Says They Will Not Open a Center in India for Now
Since a local office is not necessary in order to provide Web3 services, Rafique stated that OKX has no imminent plans to open one. However, it is seeking to appoint a group to take the initiative.
You have to kind of separate Web3 from CeFi (centralized finance) and I think regulators are starting to do that too. They’re more concerned about venues that have fiat on-ramps, which we do but we don’t offer it in India. Once India comes up with a regulatory framework for crypto then we would like to be the front runners.
Rafique
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