- They have partnered with Komainu to do this
- And are launching Komainu Connect
- This is 24/7 trading for institutions
The OKX exchange has partnered with custodial digital asset provider Komainu.. As part of the partnership, they will offer institutional users to keep their assets in a separate secure account and still use the funds to trade on the exchange.
The news is very favorable in terms of market opportunities. The fact is that the institutionalists began to leave the crypto-market in droves after a series of bankruptcies and the collapse of FTX. New money could come to the industry with OKX service. After all, institutions get the assurance that their funds are not stored on an exchange but with a trusted intermediary.
This is a comment from Nicolas Bertrand, CEO of Komainu:
“This strategic partnership marks a milestone in our mission to provide secure and interoperable digital asset storage solutions. OKX’s reputation as a leading cryptocurrency exchange combined with our expertise in institutional-level custody services is paving the way for a new era of trust and innovation in the industry.”
OKX will be the first customer to use Komainu Connect for institutional customers. It operates 24/7, offering trading combined with custodial storage, multilateral computing (MPC) and hardware security modules (HSM).
There was also news today about the OKX Wallet. It will now support the ERC-4337 standard.