OKEx pushing for global cryptocurrency exchange standards through self-regulated organiz…

OKEx launched an initiative to develop a global compliance standard for cryptocurrency exchanges. This will be done through a self-regulated organization whose members will work together to define and adopt these standards.

OKEx leads the way for global exchange standards

The lack of worldwide standards for regulating cryptocurrency exchanges has been a persistent problem in the industry. The global and decentralized nature of crypto exchanges requires each company to comply with a tangle of local and international regulations, often losing out on market opportunities due to strict or unclear laws.

However, this could soon change as a consortium of exchanges is set to work on introducing global standards that would help standardize regulations.

OKEx, a leading crypto spot and futures trading platform originally based out of Hong Kong and later re-incorporated in Malta, announced that it is launching an initiative to develop global compliance standards for crypto exchanges. To do so the…