The Crypto Winter has created market volatility for a wide range of actors, and also revealed how aspects of the old economy and the emergent economy are intertwined.

Lennix Lai is head of Business Strategy and Ops at OKX. Previously, he had a background at companies such as JP Morgan, AIG and CASH Financial Services Group. When he joined OKX in 2017 his role was to reverse engineer many of the services found into traditional finance, and offer them in DeFI. Today the addressable market is far larger, but challenges remain.