OKB serves as the native utility token for OKX, a leading global cryptocurrency exchange (formerly known as OKEx). Launched in March 2018, OKB plays a pivotal role within the OKX ecosystem, offering holders access to exclusive benefits, reduced trading fees, and participation in platform governance.
What Is OKX Exchange?
Founded in 2017, OKX ranks among the top crypto trading platforms worldwide, supporting:
- Spot trading (e.g., BTC, ETH, XRP)
- Margin and derivatives markets
- Automated trading solutions like bots and copy trading
- Passive income tools via its Earn program
- NFT marketplace and Web3 integration through the OKX Web3 Wallet
👉 Discover OKX’s trading features
The exchange is renowned for its:
- Proof-of-reserves system ensuring transparency
- 100+ country reach with localized services
- Enterprise-grade security protocols
OKX Chain (OKC): Powering Decentralized Innovation
OKX operates its own EVM/IBC-compatible Layer 1 blockchain, OKX Chain (OKC), designed to support next-generation dApps and DeFi projects.
Why Buy OKB?
As a utility token, OKB provides tangible advantages:
- Trading Fee Discounts: Holders enjoy reduced fees on transactions.
- Staking Rewards: Earn passive income by locking OKB in savings products.
- Governance Rights: Participate in key platform decisions.
Strategic Partnerships
OKX has partnered with high-profile entities like:
- McLaren F1
- Manchester City Football Club
- Tribeca Festival
These collaborations aim to drive blockchain adoption and enhance OKB’s real-world utility.
FAQ: OKB and OKX
Q: How do I buy OKB?
A: Purchase OKB directly on OKX Exchange via credit/debit card or spot trading pairs.
Q: What’s the difference between OKB and OKT?
A: OKB is OKX’s utility token; OKT is the native gas token for OKX Chain.
Q: Can I stake OKB?
A: Yes! OKX offers flexible staking options with competitive APYs.