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OKX is a cryptocurrency centralized exchange (CEX) and wallet platform based in Seychelles, catering to a global clientele. The exchange provides a range of trading options, encompassing basic spot trading, simple options, as well as advanced derivatives like margin trading, futures, perpetual swaps, and options. Additional offerings include trading bots, block trading, OKX Earn (encompassing savings, stablecoins, DeFi, staking, ETH 2.0, and more), crypto loans, and Jumpstart, the platform's launchpad.
The OKX wallet claims to be a gateway to Web3, offering a crypto hot wallet, a decentralized exchange (DEX), an NFT marketplace, and decentralized applications (DApps). It is compatible with over 30 networks, covering major blockchains such as Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, Fantom, and more.
Furthermore, OKX has its own native blockchain, OKX Chain, and a native token, OKB, which facilitate the deployment of DApps by builders and projects. Developers can also leverage infrastructure like OKX Oracle and more within this ecosystem.
In January 2022, OKEx underwent a rebranding to become OKX, accompanied by a new brand identity and roadmap.
The founders of OKX (formerly OKEx) are closely associated with OKCoin, a company owned by OK Group. OKX was established by Mingxing "Star" Xu in 2013 in China. Star Xu is a Chinese entrepreneur with a Bachelor's degree in Applied Physics from the University of Science and Technology Beijing. He currently serves as the CEO of OK Group. The present CEO of OKX is Jay Hao.
OKX was initially launched in 2017 and is headquartered in Seychelles.
While OKX extends its services to more than 200 countries, residents of the United States do not have access to the platform's offerings.
The exchange boasts an extensive list of over 350 cryptocurrencies and supports more than 500 trading pairs. It includes major tokens such as BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOThttps://coinranking.com/coin/25W7FG7om+polkadot-dot.
OKX employs a fee structure based on the market taker and maker model. Trading fees begin at 0.10% and decrease as trading volume increases. For regular users, fees are contingent on the number of OKB (the native currency) within the OKX ecosystem, while advanced users' fees are determined by their 30-day trading volumes.
OKX caters to traders seeking leverage as it offers margin trading with leverage up to 10X. In the realm of derivatives, OKX also provides futures trading and perpetual swaps with leverage up to 125X. Additionally, traders can leverage crypto options, including BTC, ETH, and more.
