In an exciting step forward for digital innovation in Asia, OKX has reached two pivotal milestones in Singapore—reinforcing our long-term commitment to responsible growth and community-driven development in one of the world’s most forward-thinking financial hubs.
Achieving Regulatory Milestones: A Trusted Presence in Singapore
Today marks a significant moment as OKX officially receives approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This follows our earlier in-principle approval granted in February, underscoring the trust regulators place in our compliance framework and operational integrity.
The MPI license allows OKX to legally provide digital payment token services in Singapore, including cryptocurrency trading, fund transfers, and custody solutions—all under strict regulatory oversight. This achievement isn’t just a business win; it reflects our dedication to building securely and transparently within local frameworks.
Singapore has long been a strategic priority in our global expansion. As a nation known for its balanced regulatory approach and innovation-friendly ecosystem, it serves as a model for how digital assets can be integrated responsibly into mainstream finance. With this license, we’re now better positioned than ever to serve local users with confidence and compliance.
👉 Discover how regulated crypto platforms are shaping the future of finance in Asia.
Leadership That Understands Local Needs
Alongside regulatory progress, we’re proud to announce the appointment of Gracie Lin as CEO of OKX Singapore. A seasoned leader with deep expertise in public policy, capital markets, and technology innovation, Gracie brings a wealth of experience that aligns perfectly with our mission.
At OKX, we believe real impact comes from empowering local talent. By appointing leaders who understand the cultural, economic, and regulatory nuances of their regions, we ensure our products and services remain relevant, accessible, and trustworthy.
Gracie’s background in investment management and fintech startups gives her unique insight into both traditional finance and emerging digital ecosystems. Under her leadership, OKX Singapore will focus on enhancing user experience, expanding product offerings, and fostering stronger partnerships across the local blockchain community.
Her appointment also highlights our broader strategy: to build strong regional teams led by individuals who are not only experts in their fields but also deeply connected to their communities.
Enhancing Products for Singapore Users
With the MPI license secured, we’re accelerating efforts to tailor our platform to meet the needs of Singaporean customers. Our core buy, sell, and convert trading functions are already live—offering seamless access to major cryptocurrencies.
The next phase includes integrating direct connectivity with local bank accounts, allowing users to deposit and withdraw SGD quickly and securely. This upgrade will eliminate friction in onboarding and withdrawals, making crypto more accessible to everyday users.
We’re also exploring new features such as:
- Localized customer support
- Educational resources in multiple languages
- Compliance-aware product design
- Enhanced security protocols aligned with MAS guidelines
These improvements aren’t just technical upgrades—they reflect our philosophy of putting users first while adhering to the highest standards of safety and transparency.
👉 See what’s next for user-centric crypto platforms in regulated markets.
Our Dual Strategy: Build Locally, Build Responsibly
OKX’s global success is rooted in two guiding principles: build locally and build responsibly. These aren’t slogans—they’re actionable strategies that shape every decision we make.
Build Locally: Staying Close to the Community
Crypto innovation thrives at the grassroots level. To stay connected, we’ve established local leadership teams across key markets—including Europe, the Middle East, the Americas, and now Singapore.
Each regional leader operates with autonomy, ensuring decisions are made by those closest to the users. This decentralized model enables faster responses to local needs while maintaining alignment with our global vision.
Our leaders in countries like Türkiye, Brazil, UAE, and Australia have already driven meaningful engagement through community events, regulatory dialogues, and localized product development. Gracie Lin’s appointment continues this tradition—proving that sustainable growth starts with hiring the right people and giving them the tools to succeed.
Build Responsibly: Earning Trust Through Compliance
Responsible innovation means more than just launching new products—it means doing so within clear legal boundaries that protect users and institutions alike.
Our establishment of a MiCA (Markets in Crypto-Assets) Hub in Malta exemplifies this commitment. Once fully operational, this hub will enable us to serve hundreds of millions of users across the European Union under comprehensive EU regulations.
Similarly, our MPI license in Singapore demonstrates how we proactively engage with regulators to create compliant pathways for crypto adoption. We invest heavily in anti-money laundering (AML), know-your-customer (KYC), cybersecurity, and consumer protection measures—not because we have to, but because we believe they’re essential for long-term trust.
Looking Ahead: A Decade of Innovation and Beyond
As we approach nearly ten years in the crypto industry, we reflect on how far we’ve come—and how much further we can go. From early days as a niche trading platform to becoming a global leader in digital asset infrastructure, OKX has evolved alongside the ecosystem itself.
Our journey in Singapore is just one chapter in a larger story of responsible growth. We envision a future where:
- Digital assets are seamlessly integrated into daily financial life
- Users have full control over their wealth through secure self-custody options
- Regulated platforms bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi)
- Innovation happens hand-in-hand with accountability
We’re committed to playing a leading role in making this future a reality—not just in Singapore, but around the world.
Frequently Asked Questions
Q: What is an MPI license and why does it matter?
A: An MPI (Major Payment Institution) license is issued by the Monetary Authority of Singapore (MAS) and allows companies to provide digital payment token services legally. It ensures compliance with anti-money laundering and consumer protection laws, giving users greater security and trust.
Q: Is OKX available to all users in Singapore?
A: Yes, OKX offers regulated crypto services to eligible users in Singapore through its licensed entity. All operations comply with local laws and restrictions set by MAS.
Q: What products will be available after the bank integration?
A: Once connected to local banks, users will be able to deposit and withdraw SGD instantly. Trading, staking, savings products, and educational tools will also be enhanced based on local demand.
Q: How does OKX ensure user security?
A: We employ military-grade encryption, multi-signature wallets, cold storage for 98% of assets, regular audits, and rigorous KYC/AML checks to protect user funds and data.
Q: Will OKX launch new jobs or partnerships in Singapore?
A: Yes—expanding our presence includes hiring local talent across tech, compliance, marketing, and customer support. We’re also actively seeking collaborations with fintech firms, universities, and regulators.
Q: Can I access global OKX features while in Singapore?
A: Some features may vary due to regulatory requirements. However, core services like trading, wallet access, and learning resources are fully available under local compliance rules.
👉 Explore how OKX is building the future of finance—securely and sustainably.
Final Thoughts
The path forward is clear: by building locally with trusted leaders like Gracie Lin, operating responsibly under robust regulation, and continuously improving our offerings for real users—we are laying the foundation for lasting innovation.
Singapore represents more than a market—it’s a symbol of what’s possible when technology meets thoughtful governance. As we deepen our roots here, we remain focused on one goal: empowering individuals everywhere with accessible, secure, and responsible financial tools for the digital age.