OKX Built a Perps DEX But Paused Launch Citing CFTC Crackdown

Its founder says the Crypto Exchange Okax had created a permanent trading platform for hypertension and Easter, but has been prevented from launching regular concerns.

OKX’s Web 3 arm developed an unknown platform in 2023, the founder and CEO of OKX said in an X post on Sunday.

“Hyper Laisk has proved that massive success in the upper abdomen can be achieved with very few employees,” he said. Now, more rivals like Easter step into space. “

“OK X Web has been testing similar products since 2023, but we chose not to launch the main net due to regulatory concerns.”

विकेंद्रीकृत always exchanges are on the rise

विकेंद्रीकृत Hypertarian exchange has been launched in 2024 and has become one of the top locations in the strongest month of its strongest month in July, which has a trade volume of about $ 319 billion.

Meanwhile, Easter, which launched Easter in July, is a crypto derivative exchange in collaboration with the CZ -affiliated YZI labs and has been launched as a direct competitor of hypertension. According to Defelma, it has logged more than $ 22 billion in trade volume in the last 30 days.

Regulatory concerns from asylum projects

So it did not specify the extent to which the product had arrived, but in September 2023, the Commodity Future Trading Commission Enforcement Action Against Deremax presented the Enforcement Action as a concern.

In the 2023 implementation proceedings, the CFTC alleged that the dairdex was illegally offering digital asset derivative trade and failed to exchange or register as a merchant of the Future Commission, whose special purpose is its permanent exchange.