OKEx Joins Kakao's Blockchain Arm to Help Support Cryptocurrency Adoption

OKEx, one of the leading cryptocurrency exchanges, has announced a partnership with Kakao’s blockchain arm, Klaytn, to help “drive the mass-adoption of blockchain experience”

According to a press release shared with CryptoGlobe, OKEx has now joined Klaytn as one of its Ecosystem Partners. The organization’s partners include its Governance Council, its Ecosystem Partners, its KLAY BApp (blockchains applications) partners, its investors, and its initial service partners.

Klaytn is an “enterprise-grade and service-centric blockchain platform” that’s looking to “combine the features of both public and private chains via an efficient hybrid structure.” It was developed by the blockchain arm of Kakao, a leading messaging service in South Korea.

Its network of partners include various renowned organizations, including Samsung Blockchain, Shinhan Bank, and IDG Capital. Klaytn and its partners are looking to “building a stable blockchain ecosystem and improving [the] Klaytn platform.”

OKEx’s press release notes the firm sees this as an opportunity for it to “connect to different networks and portfolios under the blockchain space,” and help grow blockchain adoption around the globe.

Andy Cheung, OKEx’s Head of Operations, was quoted as saying:

Exchanges and projects itself should work together to define and adopt standards that will promote digital asset adoption globally. At OKEx, we are always keen to work with market players in expanding the market and bring in quality projects in accordance with market needs, and I believe this indicates a good start.

Kakao has earlier this year said it was set to launch an “immensely easy” to use cryptocurrency wallet called “Klip.” The wallet will support its native cryptocurrency Klay, and other tokens based on the Klaytn blockchain, including CPT; HINT, CRE, and COSM.

Featured image via Pixabay.