OKX is a prominent cryptocurrency centralized exchange (CEX) and wallet platform based in Seychelles, catering to a global clientele. The platform provides a range of services, including spot and options trading, as well as derivatives such as margin, futures, perpetual swaps, and options. Additional offerings encompass trading bots, block trading, OKX Earn (covering savings, stablecoins, DeFi, staking, and ETH 2.0), crypto loans, and Jumpstart – the exchange's launchpad.
Comprehensive Wallet Services:
The OKX wallet positions itself as the "portal to Web3," featuring a crypto hot wallet, a decentralized exchange (DEX), an NFT marketplace, and decentralized applications (DApps). Supporting over 30 networks, including major blockchains like Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, and Fantom, the OKX wallet is a versatile gateway for users.
OKX Native Blockchain and Token:
OKX boasts its own native blockchain, OKX Chain, and a native token called OKB. This infrastructure empowers builders and projects to deploy DApps, and developers can leverage tools like OKX Oracle. The OKB token plays a pivotal role within the OKX ecosystem.
Leadership and Rebranding:
Founded in 2013 by Mingxing "Star" Xu, OKX is a subsidiary of OKCoin under the ownership of OK Group. Star Xu, with a Bachelor's degree in Applied Physics, serves as the CEO of OK Group. The current CEO of OKX is Jay Hao. In January 2022, the exchange underwent a rebranding, transitioning from OKEx to OKX with a refreshed branding and roadmap.
Launch Date and Location:
OKX, originally known as OKEX, was launched in 2017. The company is headquartered in Seychelles, establishing its global presence.
Geographical Restrictions:
While OKX supports over 200 countries, residents of the United States do not have access to the platform's services.
Diverse Cryptocurrency Support:
OKX facilitates trading for over 350 cryptocurrencies and offers support for more than 500 trading pairs. Notable tokens on the platform include BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT.
Fee Structure and Trading Options:
The fee structure employs a market taker and maker model, with fees starting at 0.10% and decreasing with higher trading volumes. Regular users' fees are tied to the amount of OKB in the OKX ecosystem, while advanced users' fees depend on their 30-day trading volumes.
Leverage and Margin Trading:
OKX facilitates margin trading with leverage up to 10X. The platform extends its offerings to derivatives, encompassing futures trading and perpetual swaps with leverage reaching up to 125X. Traders can also engage in leverage through crypto options, covering assets like BTC and ETH.