OKX has announced a significant update to its Wallet product, with the goal of improving the user experience and expanding access to a wide range of decentralized assets and DeFi products. The news was shared during Token2049 in Singapore, highlighting the company’s commitment to staying ahead in the blockchain industry and catering to both experienced crypto users and newcomers.
The update was presented by OKX Chief Marketing Officer Haider Rafique, alongside Formula 1 driver Lando Norris, who spoke about the connection between motorsports and blockchain innovation. This fusion of high-tech motorsports and advanced Web3 solutions mirrors the theme of speed and precision, which aligns with OKX’s latest Wallet upgrade.
The revised interface has been designed for simplicity, allowing users to easily manage their assets, discover tokens, perform swaps, and navigate through more than 100 blockchains. One notable feature is the improved token discovery mechanism, giving users access to a wide array of tokens, including popular memecoins on networks like Solana, Base, and Tron. OKX continues to expand its ecosystem, adding around 120,000 tokens weekly.
In addition to token discovery, OKX has introduced a user-friendly marketplace for digital collectibles, enabling users to explore and purchase over three million assets, including Bitcoin Ordinals. The company has also enhanced its DEX functionality, offering faster transaction speeds and price aggregation from nearly 500 decentralized exchanges. With an average response time of 50 milliseconds, OKX claims its Wallet DEX surpasses competitors.
The revamped Wallet features improved navigation for categorizing assets and DeFi protocols more intuitively, enhancing the user experience. This update reflects the industry’s shift towards creating secure and user-friendly gateways into decentralized finance, especially for mobile users. Responding to the increasing demand, OKX has focused on mobile optimization, with its app being downloaded 91 million times worldwide.
Security remains a top priority, with risk assessments integrated for over a million tokens and DeFi products. Recently, CertiK, a leading Web3 security firm, ranked OKX Wallet as the top onchain wallet for cybersecurity, highlighting the company’s commitment to transparency and user protection.
Since the beginning of 2024, OKX Wallet has added support for 20 additional blockchains as part of its expansion strategy. With the cryptocurrency space becoming more diverse and complex, OKX believes that its enhanced wallet will serve as a comprehensive portal for navigating the world of decentralized finance.
By combining security, speed, and a wide range of assets in one platform, OKX aims to establish itself as a leader in simplifying and securing the onchain experience for millions of users worldwide.
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