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OKX President Hong: OKX self-custody wallet assets have exceeded CEX assets

On January 23rd, OKX President Hong said in an interview with CoinDesk that discussions around the adoption of cryptocurrency institutions and the risk of centralized custody are driving a significant increase in the popularity of self-custody. Hong pointed out that while the adoption of cryptoassets by institutions and the rise of crypto ETFs are positive signals for the development of the industry, these trends also raise concerns about the risk of centralized custody. She stressed that in this context, self-custody as a safer and more transparent solution will increasingly be favored by crypto native users. Hong revealed that the total assets held in the OKX platform's self-custodial wallet are currently nearly 50 billion US dollars, exceeding the total assets of its centralized exchange by 30.80 billion US dollars. This trend reflects the increasing emphasis on asset security and autonomy among users. She also mentioned that in 2025, there will be more educational activities in the industry to help users understand the importance of self-custody and how to use it. At the same time, more self-custody products will be launched to simplify the user experience and reduce related technical barriers and risks.