What is OKX?
OKX is a Seychelles-based centralized exchange (CEX) and cryptocurrency wallet serving millions of users globally. The platform offers diverse trading options, including:
- Spot Trading: Direct buying/selling of cryptocurrencies.
- Derivatives: Margin trading (up to 10X leverage), futures, perpetual swaps (up to 125X leverage), and options.
- Earn Products: Savings accounts, stablecoin investments, DeFi staking, ETH 2.0 staking, and crypto loans.
- Web3 Integration: OKX Wallet supports 30+ blockchains (Bitcoin, Ethereum, Solana, etc.), NFTs, DApps, and a decentralized exchange (DEX).
Key Features:
- OKB Token: Native utility token powering OKX Chain and ecosystem rewards.
- Rebranding: OKEx was renamed OKX in January 2022 with updated branding.
Founders and Background
- Founder: Mingxing "Star" Xu (CEO of OK Group) launched OKCoin in 2013, later expanding to OKX in 2017.
- Leadership: Current CEO Jay Hao oversees operations.
- Headquarters: Seychelles-based, serving 200+ countries (excluding the U.S.).
Supported Cryptocurrencies
OKX lists 350+ coins and 500+ trading pairs, including major tokens like:
- Bitcoin (BTC)
- Ethereum (ETH)
- OKB (OKX’s native token)
- Solana (SOL), Polygon (MATIC), Polkadot (DOT)
Fee Structure
OKX uses a maker-taker model:
- Starting Fees: 0.10% per trade.
- Discounts: Lower fees for high-volume traders and OKB holders.
| User Tier | Maker Fee | Taker Fee |
|---|---|---|
| Regular | 0.08% | 0.10% |
| High-Volume | Custom rates | Custom rates |
Leverage and Margin Trading
- Margin Trading: Up to 10X leverage.
- Derivatives: Futures and perpetual contracts with up to 125X leverage.
FAQs
1. Is OKX available in the U.S.?
No, U.S. residents cannot access OKX services due to regulatory restrictions.
2. What is OKB used for?
OKB reduces trading fees, powers OKX Chain, and grants access to ecosystem rewards.
3. How does OKX Wallet integrate with Web3?
It supports DApps, NFTs, and cross-chain swaps across 30+ blockchains.
4. What are OKX’s lowest trading fees?
Fees start at 0.08% for makers and decrease with higher trading volumes or OKB holdings.
5. Can I stake cryptocurrencies on OKX?
Yes, via OKX Earn for ETH 2.0, DeFi, and stablecoin staking.
6. What leverage does OKX offer for futures?
Up to 125X leverage on perpetual swaps and futures contracts.