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

Odaily News OKX President Hong told CoinDesk that discussions around institutional adoption of cryptocurrencies and the risks of centralized custody are driving a significant increase in the popularity of self-custody. Hong pointed out that while institutional adoption of crypto assets and the rise of crypto ETFs are positive signs for the development of the industry, these trends have also raised concerns about the risks of centralized custody. She emphasized that in this context, self-custody will become increasingly popular among crypto-native users as a safer and more transparent solution.
Hong revealed that the total assets held in the OKX platform's self-custodial wallets are currently close to $50 billion, exceeding the total assets of its centralized exchanges of $30.8 billion. This trend reflects the increasing importance users place on asset security and autonomy. 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, and more self-custodial products that simplify the user experience and reduce related technical barriers and risks.