Eleven cryptocurrency exchanges, or over a third of all applicants, withdrew their applications for licences between March and the end of May.
OKX
OKX's Singaporean subsidiary secured in-principle clearance for a payments licence, enabling cross-border money transfer services.
Today's updates range from cryptocurrency exchange approvals to significant leadership appointments, as well as the US's TikTok ban.
The addition of Aevo, a derivative-focused L2 platform for trading options and perpetual, meets the demand for cryptocurrency derivatives.
OKX experienced a significant flash crash, with its token plummeting by 48%. The company pledged full compensation for additional losses.
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