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Hello guys happy Sunday to everyone and welcome back to my new blog. We know that what is happening with binance it is facing lots of issues. OKx is moving forward to become the number one crypto exchange globally. to become a global leader OKX is expanding services in the world and choosing new countries to start their services in those new countries. In the last few months, OKX expanded services in the countries like United Arab Emirates, Bahamas, Argentina, and Hong Kong. Okx has also entered Turkey and they are launched okx tr in Turkey which is working with Turkish banks There are lots of banking partners such as VakıfBank, Fibabanka, Ziraat Bankası, İş Bankası, Şekerbank and Türkiye Finans.

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So these banks are going to provide services to Turkish crypto users. There was a time when Turkey banned cryptocurrency but it is good to see centralized exchanges like OKX doing very well in a strict country like Turkey and they are working with banks otherwise it is difficult to work with the Bank of any country because they support fiat more than the Crypto. It also wants to make space in America which is why few times ago, this exchange expanded services in Argentina and Brazil. How they’re expanding their services important is the important thing.

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Okx team has started services like a peer-to-peer market, trading platform, and innovative Web 3 wallet. These are the services that a user wants and this type of service can attract the users. Now let’s come to the Middle East so in the Middle East, in Dubai, got a licence from virtual assets regulatory authority which is also called VARA. After that, OKX services are also available in the united arab emirates. OKX team also has an eye on Hong Kong and in my previous post, I shared information regarding exchanges and crypto firms' applications in Hong Kong, okX is also one of them that will soon get a license from Hong Kong.

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So currently Binance is in first position as a global crypto leader and OKX is the second big exchange. after seeing these attempts we can see that they are expanding their services to become a global crypto leader in the crypto exchange world. competition is good for any industry and good to see that someone coming ahead to compete with Binance I hope that it will expand their services and provide more features to their users and it should be available for every user in the world and this is what okx team is doing and I appreciate this thing. Now one thing I want to clarify here is that along with the decentralized exchanges, centralized exchanges are also important because they have centralised authority which is why they can do many things they can provide more features compared to the decentralised exchanges.

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Even though centralized exchange can be big in the future we can’t hold our crypto in the centralized exchanges for the long term purpose. So never forget this thing because it is important to have your own wallet to have your own key and there is a saying in the crypto field, not your keys, not your crypto. So keep this in mind if you find this post helpful then share this post on social media platforms. Have a good day.

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Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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