OKX has recently sparked heated discussions due to freezing user accounts and repeatedly requesting personal information. Xu Mingxing posted seven tweets in a row, responding strongly.
The words reveal a signal: OKX's public capitalization is unstoppable.
However, I sincerely hope this path does not resemble Song Jiang's submission to authority—initially viewed as a leader 'acting on behalf of heaven,' ultimately turning into an oppressor of the people.
What does successfully listing on the US stock market mean for Xu Mingxing?
Personal wealth will see explosive growth, transforming from 'crypto magnate' to 'NASDAQ CEO'
Taking advantage of SEC reviews to wash away past controversies, gaining entry tickets to the mainstream financial circle
Standing shoulder to shoulder with CZ and Brian Armstrong, competing for discourse power in the crypto industry.
What does it mean for OKX?
Achieving a valuation of hundreds of billions of dollars, providing funding for Web3 layout
Establishing the image of a 'compliance benchmark for Chinese people,' shedding the label of a 'Chinese exchange'
Attracting cooperation from traditional financial institutions, achieving brand upgrade.
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To summarize: OKX's listing in the US is Xu Mingxing's ultimate turnaround of 'identity + wealth,' and for OKX, it is a matter of life and death transformation in the 'compliance era.'
Success means stepping onto the international stage, while failure may lead to regulatory dismantling of historical issues.
If the journey goes well, OKX will become one of the few 'legitimate representatives of the Chinese in the crypto space,' and will also be a strong competitor to Binance.
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But what users are most concerned about right now is:
1 | Unfreeze accounts and allow withdrawals
2 | Simplify processes and reduce repeated identity verification
3 | Transparency in reasons for freezing
4 | Comparison with peers, questioning the platform's motives
The industry has already begun to circulate the advice 'A gentleman does not stand under a dangerous wall,' and many have chosen to turn to Binance, Bybit, and Bitget. Binance is celebrating its 8th anniversary, welcome everyone back home, good news $BNB !