OKX founder Xu Mingxing recently publicly stated: he will review the sources of user funds and eliminate loan-based cryptocurrency traders. This statement has caused a stir in the cryptocurrency community and marks a comprehensive upgrade in domestic regulation of virtual currency trading.

In fact, Liang Xi had intelligence as early as February: the UAE will invest $2 billion in Binance in March, and after Sun Yuchen attended a dinner with Trump at the end of May, domestic high-level officials began to pay close attention to capital outflows and the risks of crypto assets.

Xu Mingxing has always been tough and started with contract business, but now he actively eliminates loan users, which is obviously driven by policy rather than voluntary actions of the exchange. OKX has a special background; after Xu Mingxing was taken away for investigation in 2020, the platform was almost in a 'semi-state-owned' status, which is also the reason why OKX took the lead in cooperating with regulation.

In the future, other exchanges will also follow suit, fully launching fund reviews, limiting leverage, and conducting compliance rectifications. This is not only a curb on high-risk speculative behaviors but also an important measure to protect ordinary users and prevent the spread of financial risks.

Liang Xi reminds: cryptocurrency players need to adapt to the new regulatory normal as early as possible; compliance has become an inevitable trend.