OKX, a prominent cryptocurrency exchange, has secured a full license in Singapore, enabling it to provide digital payment tokens and cross-border money transfer services. This regulatory approval marks a significant milestone for OKX, reflecting Singapore's progressive stance on cryptocurrency regulation.

However, the broader market sentiment remains pessimistic. Despite regulatory advancements, the cryptocurrency market continues to face challenges such as heightened regulatory scrutiny globally, market volatility, and declining investor confidence. These factors collectively cast a shadow over the industry's short-term prospects.