What is OKX?
OKX is a Seychelles-based cryptocurrency centralized exchange (CEX) and wallet platform serving millions of clients globally. The exchange offers core trading services, including spot trading, simple options, and derivatives like margin trading, futures, perpetual swaps, and advanced options. Additional products include trading bots, block trading, OKX Earn (savings, stablecoins, DeFi, staking, ETH 2.0), crypto loans, and Jumpstart, the exchange's launchpad.
The OKX Wallet positions itself as a "Web3 gateway," featuring a crypto hot wallet, decentralized exchange (DEX), NFT marketplace, and decentralized applications (DApps). It supports over 30 networks, including major blockchains like Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, and Fantom.
OKX also operates its native blockchain, OKX Chain, and its utility token, OKB, which enables developers to deploy DApps and leverage infrastructure such as OKX Oracle.
In January 2022, OKEx rebranded to OKX with a refreshed identity and strategic vision.
Founders of OKX
OKX (formerly OKEx) is a subsidiary of OKCoin, owned by OK Group. Founded in 2013 by Mingxing "Star" Xu, a Chinese entrepreneur with a background in applied physics, OK Group is headquartered in China. Current OKX CEO Jay Hao leads the platform’s operations.
Launch Date
The exchange launched in 2017 under the name OKEx.
Headquarters
OKX is based in Seychelles.
Restricted Countries
While OKX operates in over 200 countries, U.S. residents are restricted from accessing its services.
Supported Coins
OKX lists over 350 cryptocurrencies and supports 500+ trading pairs, including major tokens like BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT.
Fee Structure
OKX uses a maker-taker fee model, starting at 0.10% and decreasing with higher trading volumes. Fees vary based on OKB holdings (for regular users) or 30-day trading volumes (for advanced traders).
Leverage and Margin Trading
OKX supports margin trading with up to 10X leverage and derivatives trading (futures/perpetual swaps) with up to 125X leverage. Traders can access these features for BTC, ETH, and other major cryptos.
FAQ
1. Is OKX available in the U.S.?
No, OKX restricts access for U.S. residents due to regulatory compliance.
2. What is OKB used for?
OKB powers the OKX ecosystem, offering utility in fee discounts, DApp deployment, and platform governance.
3. Does OKX charge deposit fees?
Most cryptocurrencies have free deposits, but withdrawal fees vary by asset.
4. Can I trade NFTs on OKX?
Yes, OKX Wallet includes an NFT marketplace supporting multiple blockchains.
5. What leverage does OKX offer?
Margin trading offers up to 10X, while derivatives provide up to 125X leverage.
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6. How secure is OKX?
OKX employs cold storage, multi-signature wallets, and two-factor authentication (2FA) for enhanced security.
### Key Features:
- **Global Reach**: Services in 200+ countries (excl. U.S.).
- **Diverse Products**: Spot, derivatives, staking, NFTs, and Web3 tools.