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BREAKING: OKX’s perps DEX faces regulatory heat from the CFTC, delaying launch 🚫🔒📉
broooo OKX DEX perps platform DELAYED cuz CFTC 🚨🔒 Hyperliquid, Aster eatin’ good
Crypto Exchange OKX has developed a decentralized perpetual trading platform similar to hyperliquid and Aster but delayed the launch due to regulatory concerns as per the founder. The platform was created by OKX’s web3 arm in 2023. The hyperliquid exchange, launched in 2024, has seen success in decentralized perpetual finance, with significant trading volume. Aster, a competitor, has also gained traction. Regulatory worries were influenced by the CFTC’s actions against Deridex in 2023. United States’ regulatory stance on cryptocurrencies has shifted post the election of “Crypto President” Donald Trump. The CFTC has made new appointments to its advisory committee, emphasizing surveillance sharing between agencies. [Source: cointelegraph.com] 📈🔒🇺🇸
Okx has built a perps DEX but a break in pause citing the CFTC repression
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