OKX launches ETH layer-2 network X Layer following Coinbase’s Base success

Crypto exchange OKX finally opened its  Ethereum layer-2 network X Layer mainnet to the general public on April 15.
The scaling solution’s testnet was launched in November 2023 to much acclaim and was built with Polygon’s Chain Development Kit (CDK).

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Singapore Steps Up Crypto Regulation: MAS Implements Stricter Guidelines For Service Providers

Singapore’s Monetary Authority has introduced amendments to the Payment Services Act, signaling a widening regulatory framework. These changes, which will take effect in phases from April 4, mark a significant shift in the landscape for companies operating in the crypto sector.

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Bitcoin CEX trading volume hits record high in March

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OKX To Cease Operations In This Asian Country, Urging Users To Liquidate Holdings By April 30 | Bitcoinist.com

In a recent development, Seychelles-based firm OKX, one of the largest cryptocurrency exchanges in the world, has announced the shutdown of its services in India. 
According to recent reports, the decision comes in response to regulatory hurdles faced by the exchange in the country.

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OKX secures key payment license in ‘priority market’ Singapore

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Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing

Since mid-March 2020, there has been a notable decline in the volume of Bitcoin stored in exchange wallets, marking a significant shift in investor behavior.
At the time, over 17% of Bitcoin’s total supply was housed on exchanges, a record high.

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