OKX President Hong: The assets in OKX's self-custody wallet have surpassed those in CEX

ChainCatcher news, OKX President Hong stated in an interview with CoinDesk that discussions surrounding institutional adoption of cryptocurrencies and the risks of centralized custody are driving a significant increase in the popularity of self-custody. Hong pointed out that while the adoption of crypto assets by institutions and the rise of crypto ETFs are positive signals for industry development, these trends have also raised concerns about the risks of custody centralization. She emphasized that in this context, self-custody, as a safer and more transparent solution, will increasingly be favored by crypto-native users.

Hong revealed that the total assets held in self-custody wallets on the OKX platform currently amount to nearly $50 billion, surpassing the total assets of its centralized exchange at $30.8 billion. This trend reflects the growing emphasis users place on asset security and autonomy. She also mentioned that by 2025, there will be more educational activities within the industry to help users understand the importance of self-custody and how to use it, while also launching more self-custody products that simplify the user experience and lower the technical barriers and risks involved.