- OKX Singapore's new CEO, Gracie Lin, said that getting a custodian bank was the most important and challenging step in obtaining a license from the Monetary Authority of Singapore (MAS).

- Lin noted that Singaporean crypto traders prefer to HODL, buying and holding assets rather than actively trading.

- The MAS licensing regime is considered one of the best in Asia, and obtaining a Major Payment Institution (MPI) license requires significant effort.

- Lin emphasized that having a custodian bank was a key requirement for obtaining a full license, which ensured the platform's security and trust.

- OKX Singapore uses the Singpass digital identity system to speed up the KYC process, making it more efficient compared to other jurisdictions.

- Only pre-vetted tokens that meet MAS requirements are available on the platform.