Isn't OKX's pursuit of an IPO a strategy that has been publicly discussed for more than a year? Why is it heating up now?
Originally, for more than a year, in this bull market, OKX has been less active in listing altcoins and focused on the WEB3 wallet business (which has less regulatory compliance compared to CEX business).
From the current perspective, OKX's strategy seems to be quite correct. With Circle's high premium on Nasdaq, if a CEX of OKX's caliber were to go public, it's hard to imagine how high the market value could reach.
Compared to issuing platform tokens and going public, the vast majority of platform tokens are highly controlled, with liquidity mainly within the exchange, essentially being non-redeemable inflated market values. For example, Bybit's MNT has a huge market cap but mismatched liquidity and trading volume.
On the other hand, issuing stocks allows liquidity to come from external capital and individuals, and currently, the overall liquidity of stocks in the cryptocurrency industry is very good.
The correctness of the strategy makes tactical efforts seem a bit pale.
