Gen Z and Web3: Star Xu Sees Major FinTech Opportunities Ahead

Star Xu, founder of OKX, shared bold insights during a speech on December 4th, marking the one-year anniversary of OKX receiving its Dubai license. He highlighted that the post-2000 generation, often called Gen Z, could view crypto wallets as safer than banks.

Xu believes younger users may see crypto exchange wallets as a more reliable way to store assets compared to traditional investments like gold. This marks a shift in how the next generation approaches wealth and financial security.

Governments Are Taking Notice

Xu also noted that governments are starting to understand this trend. Policies are being designed to appeal to younger investors who are comfortable with digital finance. According to him, this shows a growing recognition that technology-driven finance is reshaping the market.

Such shifts signal a significant opportunity for crypto and fintech companies. As governments adapt, the environment becomes more favorable for digital finance innovations.

A New Era of Tech vs. Finance

Xu warned that the next decade could see major competition between technology and finance. Traditional banks and financial institutions may have to compete with emerging Web3 platforms to attract younger users.

He predicts that, over the next 5 to 10 years, leading crypto companies could grow into multi-billion or even multi-trillion dollar fintech giants. The growth of digital wallets, decentralized finance, and blockchain-based applications will be a key driver.

Why Gen Z Is Important

The post-2000 generation is more tech-savvy and comfortable with digital assets. Xu emphasized that their preferences will shape the future of finance.

Unlike older generations, younger users are less tied to traditional banks. They are more likely to trust secure crypto wallets, experiment with new financial tools, and adopt Web3 technologies quickly. This makes them a powerful force in the market.

The Impact of Gen Z on Web3 Innovation

Xu’s message highlights that the rise of Web3 is not just about technology, but also about culture and generational shifts. Companies that can cater to younger users with secure, user-friendly platforms are more likely to thrive.

The next decade could see a new wave of fintech giants emerging from the crypto ecosystem, driven by Gen Z’s willingness to embrace innovation. For investors and tech leaders alike, understanding these trends is key to staying ahead in the rapidly evolving world of digital finance.