Cryptocurrency exchange OKEx announced in a press release shared with Cointelegraph on Oct. 3 the creation of a Self-Regulated Organization (SRO) aiming to standardize crypto exchange compliance practices and policies.
Per the release, OKEx is already engaging with other exchange and market participants to form their planned SRO. The organization in question is meant to be similar to the World Federation of Stock Exchanges, FINRA in the United States and the World Economic Forum. OKEx made the announcement on the first day of the DELTA Summit in Malta.