OKX plans to enter the Indian market, recruit local employees, and explore Web3 use cases.

BlockBeats reported on September 1st that Haider Rafique, the Chief Marketing Officer of OKX, announced on Wednesday that the company is planning to enter the Indian market and recruit local employees to explore potential Web3 use cases. OKX does not have a global headquarters, but has regional centers in Hong Kong, Singapore, Dubai, and the Bahamas. Rafique stated that the company plans to exponentially expand its wallet services by leveraging the highly active developer community in India. Currently, OKX has around 200,000 wallet users in India, accounting for only 5% of the country's Web3 users. Additionally, India has not proposed any legislation related to Web3 or cryptocurrencies in parliament, but has imposed strict taxes on transactions and implemented anti-money laundering rules.