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Crypto exchange OKX built a decentralized perpetuals trading platform akin to Hyperliquid and Aster but held off launching it over regulatory concerns, its founder says.
The Web3 arm of OKX developed the unnamed platform in 2023, OKX founder and CEO Star Xu said in an X post on Sunday.
“Hyperliquid proved that massive success in onchain perps can be achieved with very few employees. Now, more competitors like Aster are stepping into the space,” he said.
“OKX Web3 has been testing a similar product since 2023, but we chose not to launch mainnet due…
