- OKEx in Davos explored the shaping of the blockchain-driven financial system.
- Financial Markets Director Lennix mentioned Unbankedness as the global challenge.
In this 50th world Economic Forum (WEF) Annual Meeting, a sustainable future prediction by world’s most significant cryptocurrency spot and derivatives exchange based on trading volume, OKEx in Davos explored the shaping of the blockchain-driven financial system.
OKEx financial market Director, Lennix Lai, shared his view on high operational cost in under-developed areas. He mentioned that still over 2 billion global population is omitted from the different types of financial services because of the top operative price in setting branches in the under-developed areas. And indicate this an excellent opportunity for the fintech and blockchain to create a difference, on the other hand.
Lennix mentioned Unbankedness as the global challenge, and the unprivileged people have not been able to covert enough economic benefits to the bank and finally left behind from the decent living standard. He provided blockchain and cryptocurrency to be the solution for the problem by giving a better decentralized financial system that will work for mutual benefit with the traditional market to lower the operational cost and also extend the serving area which cannot be covered by conventional banking.
Lai also shared his approach, which is committed to bringing a dynamic and trustable environment from cater to crypto users. Besides promoting decentralized finance and the blockchain technology, they also offer a comprehensive suite of different crypto trading so it can provide better flexibility for traders helping to employ their strategies. Their BTC/USD option is the present latest offering of their derivative product.
Okex is now focusing on the perspective of making blockchain as the decentralized financial system. Okex also shared the prospect of lowering operational cost so all can have the equivalent benefits from the finance department; all we need to make blockchain in the shape of the new finance system.