Istanbul Fintech Week, which is the title sponsor of the global cryptocurrency exchange OKX, opened its doors to visitors on April 13. OKX Global Public Relations Manager Tim Byun, who took the stage at the opening of the event, which was held for the fourth time this year, gave a speech titled “Transformation of Centralized Trading in a Decentralized Environment”.
Istanbul Fintech Week Istanbul, which brings together financial companies, investors, industry professionals and entrepreneurs operating in many regions of the world, has started to accept visitors. Tim Byun, Global Public Relations Manager of OKX, gave the opening speech of the event, which will host a total of more than 50 sessions over two days in Fişekhane. Tim Byun, in his opening speech titled “Transformation of Centralized Trading in a Decentralized Environment”, evaluated the latest developments in the field of banking, the transparency policies followed in the crypto ecosystem and the regulation studies.
Drawing attention to the revolutionary nature and transformative ability of blockchain technology in his speech, Byun said, “First of all, we think that such organizations where we discuss financial technologies play a role in opening the door to innovations on behalf of the ecosystem. As OKX, we would like to thank all parties who contributed to the event that we are the name sponsor. We believe that blockchain technology will not be limited to the crypto world in the coming period, and that the actors in traditional financial markets will also benefit from the advantages provided by the relevant technology. In parallel, we expect the use of blockchain-based products and technologies in the banking field to increase and the changes in the internal dynamics of the sector to accelerate.” used the phrases.
Regulations should protect crypto investors
Underlining the importance of the regulation steps to be taken in the crypto ecosystem, Byun emphasized the necessity of the regulations in the ecosystem, and emphasized that the steps to be taken at this point should be carried out with a common mind. In addition, with the valuable contributions of the relevant state authorities, the expert said that new regulations in the field can offer important returns for the functioning of the ecosystem, and that the regulations to be regulated should protect crypto money investors.
Perception of security and reliability in the industry
OKX Global Public Relations Manager Tim Byun, who was also a guest of a session held at Istanbul Fintech Week, said that building trust is a difficult process. In the session, which touched upon what happened in the crypto money ecosystem after the negative developments in the sector in the past period, it was emphasized that the proof of reserve reports, together with issues such as transparency and asset security, positively affected the perception of trust in the sector.