OKX, a global cryptocurrency exchange, has received a full Major Payment Institution license in Singapore and appointed Gracie Lin, a former MAS official, as the CEO of its Singapore entity, OKX SG. The license allows OKX SG to offer digital payment token and cross-border money transfer services, including spot crypto trading for Singaporean investors. Gracie Lin, with her experience at MAS, GIC, and Grab, aims to develop crypto products tailored for Singaporean needs. OKX, processing over $67 billion in crypto transactions in August, highlights its significant presence in the global market, contrasting with Binance's $448.45 billion.