OKX hires the architect of the BitLicense it never won
Yesterday, crypto exchange OKX appointed to its board Andrew Cuomo — the New York governor whose administration created the BitLicense that OKX never received. Maybe thats what it takes to finally get that state license. Cuomo and his administration created the BitLicense back in 2014, and OKX, the worlds fourth largest crypto exchange, has been chasing one ever since. However, despite having well over a decade to apply, OKX still doesnt appear on the New York Department of Financial Services (NYDFS) register. Somewhat embarrassingly,competitors, including Coinbase, Gemini, Mastercard, MoonPay, and other crypto companies, do. With yesterdays news, however, the path for OKX to win its approval might finally have opened up. Tough to get, even for the worlds fourth largest crypto exchange The license is famously difficult to obtain. Kraken, facing the same daunting application in 2015, called the BitLicense “a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth” and left the state. Fortune, for context, reported that the BitLicenses first three years of availability produced just four licensees. OKX founder Star Xu boasted that Cuomo‘s new board seat will help him build “the world’s most trustworthy large digital asset exchange.” This is something that could









