OKX Wallet, the 2nd-biggest crypto exchange in terms of trading volume just received an exclusive tech upgrade, which supports 37 different blockchains. This upgrade uses the unique multi-party computation (MPC) technology, instead of the typical seed phrases and keys, for the purpose of enhanced security and the elimination of the sole vulnerability. The new feature that comes along with the tech upgrade is the independent “Emergency Escape” that allows the customers to retrieve their assets independently of OKX.

The chief marketing officer of OKX, Haider Rafique, remarked that this improvement marks the beginning of an exciting future as the crypto-related wallets become more secure, easily accessible, and interoperable. Moreover, as per Nate Zou, the Web3 Product Head of OKX, the idea behind Web3 lies in having self-custody, which enables people to make their own financial decisions. Hence, the upgrade with MPC technology allows the customers to conveniently protect their assets in a secure and safe manner.

Apart from being a multi-chain and decentralized wallet that allows the users to trade NFTs, access DApps and use DeFi protocols, OKX Wallet also possesses the Backup solution. This solution is exclusive as it permits the owner to revive access to their assets with the help of 2 out of 3 access credentials without having to take the assistance of OKX.

The wallet of OKX consists of all the necessary features that are required for an efficient wallet, plus the cutting-edge tech upgrades to make sure a secure experience, and provide the users with an easy and convenient access to their cryptocurrency holdings.



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