OKX Revolutionizes Crypto Payments with Launch of Self-Custodial OKX Pay

OKX has introduced OKX Pay, a groundbreaking self-custodial payments platform aimed at simplifying cryptocurrency transactions for mainstream adoption. Integrated into the OKX app, this feature allows users to make gasless payments in USDT and USDC stablecoins with zero fees while maintaining full control of their assets. Positioned as a crypto alternative to traditional payment giants like Venmo and PayPal, OKX Pay prioritizes both practicality and security. This launch is part of OKX’s broader strategy to bridge the gap between decentralized finance and everyday usability, marking a significant step forward in the evolution of digital asset payments.

OKX Launches OKX Pay to Simplify Self-Custodial Crypto Payments

OKX has unveiled OKX Pay, a self-custodial payments platform designed to bring seamless crypto transactions to mainstream users. The feature, integrated into the OKX app, enables gasless payments in USDT and USDC stablecoins with zero fees, while ensuring users retain full control of their assets.

Positioned as a crypto alternative to Venmo and PayPal, OKX Pay emphasizes practicality and security. The launch aligns with growing demand for user-friendly self-custody solutions in digital asset markets.

OKX Discloses Surge in BTC, ETH, and XRP Reserves in Latest Proof-of-Reserves Audit

OKX has released its monthly proof-of-reserves report, revealing significant increases in holdings of Bitcoin, Ethereum, and XRP. The exchange added 2,083 BTC to its reserves over the past month, bringing its total Bitcoin holdings to 133,151 coins. Ethereum reserves also saw a notable uptick.

The audit underscores OKX’s commitment to transparency amid growing scrutiny of exchange solvency. Bitcoin and Ethereum dominate the reserve composition, with user balances maintaining a healthy ratio to exchange holdings. Stablecoins and memecoins were included in the review but represented a smaller portion of total assets.