OKB is the native exchange token of the OKX cryptocurrency exchange. Positioned as a utility token, OKB offers holders generous trading discounts and powers interactions within the OKX ecosystem.
👉 Discover the benefits of OKB on OKX
Key Features of OKX and OKB
- 350+ listed cryptocurrencies
- <0.10% trading fees
- 120 million registered users
- Secure asset fund for users
- Deposit yield opportunities
How OKB Works
The primary utility of OKB tokens lies in reducing trading fees. Users holding OKB tokens are incentivized with nominal transaction costs when trading on the OKX exchange.
By market capitalization, OKB is the seventh-largest exchange token globally.
Comparing OKB to similar exchange tokens simplifies understanding its utility. For example, holding BNB grants trading discounts on the Binance platform. Similarly, OKB enables users to pay discounted fees when trading on OKX.
OKB tokens are exclusively created and distributed by OKX and can be purchased on the open market.
Additionally, OKX has announced that OKB will gain more utility as the ecosystem expands. Current trading volumes reflect OKX's significant growth since its launch.
The OK Blockchain Foundation ensures OKB plays a vital role in the platform's success while rewarding loyal holders.
Use Cases of OKB
OKB is designed as a global utility token, growing alongside the OKX ecosystem. Key functions include:
- Trading Discounts: Lock in lower fees by holding OKB.
- Ecosystem Rewards: Benefit from OKX's expansion.
- Trading Profits: Capitalize on OKB's volatility.
Exchange tokens like BNB have risen to become top cryptocurrencies, demonstrating their potential within the blockchain ecosystem.
Where to Buy OKB Tokens
The best place to buy OKB is on the OKX exchange.
OKB tokens, launched in 2018, rank as the 76th-largest cryptocurrency by market cap. They are available on select centralized exchanges.
To purchase OKB:
- Deposit fiat currency into an exchange.
- Buy OKB tokens, which are credited to your exchange wallet.
Other platforms offering OKB include:
OKB Token Supply
- Circulating supply: 60,000,000 OKB (20% of total supply)
- Total supply: 300,000,000 OKB
Can OKB Be Mined?
No. OKB is not mineable like Ethereum. Tokens are created and distributed by OKX. However, staking OKB can yield rewards via APY programs on certain exchanges.
OKB Market Cap
OKB Market Cap = Circulating Supply × Current Price
$1.15 billion (76th-largest market cap)
OKB is the seventh-largest exchange token, trailing BNB, CRO, FTT, LEO, KCS, and HT.
OKX and OKB Competitors
Top competitors include:
- Binance (BNB)
- Crypto.com (CRO)
- FTX (FTT)
- Bitfinex (LEO)
- KuCoin (KCS)
- HTX (HT)
👉 Compare exchange tokens on OKX
Future Plans for OKX and OKB
OKX aims to:
- Expand OKB utility
- Boost user adoption
- Enhance platform features
With 20+ million users and a $10B+ daily trading volume, OKX is rapidly growing. Derivatives options make it attractive to traders.
Pros and Cons of OKX and OKB
Pros
- Low fees: Competitive trading costs.
- High liquidity: Strong user adoption.
- Strategic partnerships: Collaborations with major brands.
Cons
- Limited circulation: Only 20% of tokens are available.
- Founder controversies: Past legal issues have impacted reputation.
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FAQ
What is OKB?
OKB is the utility token of OKX, offering trading discounts and ecosystem rewards.
How do I buy OKB?
Purchase OKB on OKX or other supported exchanges.
Can OKB be staked?
Yes, certain exchanges offer staking with APY rewards.
What’s OKB’s total supply?
300 million, with 60 million currently circulating.
Is OKB a good investment?
Potential depends on OKX’s growth and token utility expansion.