OKX’s Tim Byun lists many reasons why Bitcoin is holding its own despite US investigations

OKX’s Tim Byun lists many reasons why Bitcoin is holding its own despite US investigations

Dubai: Who would have thought it possible? Investigations by the US regulator on two of the biggest names in the cryptocurrency trading business – Binance.US and Coinbase – getting some serious visibility. Yet, even with all that happening, Bitcoin and its crypto peers seem to be hanging in there in attracting just enough investor interest. And the prices didn’t go into a freefall, currently trading at just under $25,000. So, what gives? Tim Byun is Global Head of Government Relations at OKX, rated as the second biggest crypto exchange based on trading volumes. The company has just been granted by Dubai’s VARA (Virtual Assets Regulatory Authority) with a ‘Minimal Viable Product Proprietary license. “Given the capital market nervousness, Bitcoin seems to be a prominent alternative investment that may shield investors of their domestic risks,” is his take on what’s holding up Bitcoin prices despite all the US investigations and the attendant distractions for the industry. “Even prior to the SEC taking certain actions against the crypto community, OKX had the foresight to expand to regulated territories with balanced and clear crypto guidelines that could foster a healthy, long-term ecosystem. The preparatory licence from VARA allows approved entities to fulfil all