TechFlow reports that OKX President Hong, in an interview with CoinDesk, said discussions around institutional adoption of cryptocurrency and the risks associated with centralized custody are driving significant growth in self-custody interest. Hong noted that while institutional adoption of crypto assets and the rise of crypto ETFs are positive developments for the industry, these trends have also raised concerns about the risks of custodial centralization. She emphasized that against this backdrop, self-custody, as a more secure and transparent solution, will become increasingly favored by crypto-native users.
Hong revealed that the total value of assets held in self-custody wallets on OKX has reached nearly $50 billion, surpassing the $30.8 billion in assets on its centralized exchange—a trend reflecting users' growing emphasis on asset security and control. She also mentioned that in 2025, the industry will see more educational initiatives to help users understand the importance and operation of self-custody, along with new self-custody products designed to simplify user experience and reduce technical barriers and risks.
