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OKX CMO: Plans to carry out three aspects of work in India, including cultivating Web3 community, but will not engage in exchange business

OKX officials posted on X platform that during an interview with Forbes, OKX CMO Haider stated that they are strengthening their Web3 business in India.

OKX plans to carry out three aspects of work in India:

1. Cultivate the Web3 community in India and provide funding of $25,000 to $75,000 for related projects;

2. Explore better forms of cooperation with Polygon;

3. Collaborate with Indian developer groups or related student groups.

However, OKX will not launch cryptocurrency exchange business in India. Haider stated that they will comply with local market regulations and will not provide any centralized trading products in India at present.

Meanwhile, Polygon co-founder Sandeep Nailwal told Forbes that OKX's Web3 expansion in India will undoubtedly greatly promote the development of the local Web3 ecosystem and will also have a huge driving role in the entire global cryptocurrency industry. (Forbes)

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