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OKX (cryptocurrency exchange) founder and CEO Xu Mingxing contrasts banks and blockchain (distributed ledger technology) — citing younger generations' distrust of traditional finance

According to remarks at an OKX (cryptocurrency exchange) annual dinner, Xu Mingxing compared banks with blockchain (distributed ledger technology) and highlighted why younger generations no longer trust traditional financial institutions.

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Terms & Concepts
  • Blockchain: A distributed ledger that records transactions across a network without a central authority.
  • Cryptocurrency exchange: A platform where users buy, sell, and trade digital assets such as Bitcoin and Ethereum.