This episode of The New Money Podcast features Hong Fang, President of OKX, one of the world’s largest crypto exchanges serving over 60 million users. Hong traces her path from Goldman Sachs into crypto and explains how Bitcoin and open, auditable infrastructure address TradFi’s opacity, credit dependence, and widening inequality. She details OKX’s rebrand and unified CeFi–DeFi strategy, including its expanding self-custody wallet, OKX Pay, and the Brazil-focused OKX Card, alongside licensing progress across key jurisdictions. The conversation explores how OKX builds trust through on-chain proof of reserves, multi-layered controls, and a local–global “team of teams” model, and why hiring for passion and a growth mindset remains central to the company’s culture. Hong concludes by emphasizing that entering crypto requires humility and curiosity in an industry where assumptions must constantly be challenged.

Key Chapters

01:00 Hong joins to discuss OKX’s strategy

02:14 Hong recounts her path to crypto

04:52 The discussion examines TradFi’s opacity and incentives

12:49 OKX integrates CeFi and DeFi strategies

16:28 Product innovation bridges payments and self-custody

19:20 Hong outlines priorities and leadership philosophy

24:24 Local CEOs operate within global frameworks

27:05 Trust is earned through verifiable controls

29:50 Quickfire Insights on Fintech and Crypto Trends

This is NOT financial, tax, or legal advice

Music by Marcelo Cataldo - http://www.marcelocataldo.com