OKEx, the second largest Exchange in the world, has been named the “Crypto Exchange of the Year” during Malta Blockchain Summit’s Blockchain Awards.

The award is a testament to the hard work of the Exchange which announced its move to Blockchain Island in mid-July 2018, following a similar announcement by Binance.

The Malta Blockchain Summit is part of the country’s efforts to become an international reference in the adoption of cryptocurrencies and blockchain technologies. The idea behind the Awards Ceremony is “to recognize the companies, experts, and leaders who made outstanding contribution to the blockchain technology development in Malta.“

According to a Press Release, the award was granted after a careful analysis by a panel of 32 personalities who served as jurors. OKEx managed to beat two significant contenders: Binance – the world’s most important Exchange – and BitBay – one of the most important European exchanges in the market:

OKEx: An Award is Just a Recognition of Its Commitment

Andy Cheung, OKEx’s Head of Operations was delighted with the award, promising that they will continue to push the limits regarding technological innovation to give users the best possible experience:

“These awards are particularly gratifying as they reflect a vote of confidence from industry leaders, who recognize our ongoing efforts. Like we said, we dare to innovate and will keep pushing the limits of what is possible,”

Cheung went on to emphasize that he is aware of OKEx’s leadership role in the ecosystem. He considers the award an honor but stresses that in addition to deserving it, the OKEx team is always in constant improvement.

“Receiving this honor is truly a testament to our unrelenting effort in making changes in the crypto and blockchain industry. We never stop innovating to create the best user experience, to build a robust ecosystem, to improve the crypto industry, and above all, to revolutionize our world with blockchain technology. As a leader, continuing to improve the ecosystem is not only our promise, it is also our responsibility”

Malta: The Blockchain Island Is a Well-Deserved Title

Malta’s effort to make a name for itself globally thanks to its support for cryptocurrencies is paying off. Its president became famous for being the only one to speak about the potential of crypto and blockchain technologies at the United Nations General Assembly.

Joseph Portelli, Chairman of the Malta Stock Exchange, said that the Maltese government’s innovative vision facilitated inter-institutional work with OKEx, ensuring that the results of these actions could be very positive: