What is OKX?
OKX is a Seychelles-based centralized exchange (CEX) and wallet platform serving millions of global users. It offers diverse trading options, including spot trading, simple options, and derivatives like margin trading, futures, perpetual swaps, and options. Additional features include:
- Trading bots
- Block trading
- OKX Earn (savings, stablecoins, DeFi, staking, ETH 2.0, etc.)
- Crypto loans
- Jumpstart launchpad
The OKX Wallet serves as a Web3 portal with:
- Hot wallet functionality
- Decentralized exchange (DEX)
- NFT marketplace
- Support for 30+ blockchains (Bitcoin, Ethereum, BNB Chain, Solana, Polygon, etc.)
The platform operates its native OKX Chain and OKB token, facilitating DApp deployment and developer tools.
👉 Discover OKX's Web3 ecosystem
Key Facts About OKX
- Founder: Star Xu (Mingxing Xu), CEO of OK Group
- Launch Year: 2017 (originally as OKEx)
- Headquarters: Seychelles
- Current CEO: Jay Hao
- Rebranding: January 2022 (OKEx → OKX)
Supported Assets and Fees
- Cryptocurrencies: 350+ (BTC, ETH, OKB, SOL, MATIC, etc.)
- Trading Pairs: 500+
Fee Structure:
- Base fee: 0.10%
- Volume-based discounts
- Reduced fees for OKB holders
Trading Features
- Margin Trading: Up to 10x leverage
- Derivatives: Futures and perpetual contracts with 125x leverage
- Options Trading: BTC, ETH, and other crypto options
Geographic Restrictions
Available in 200+ countries excluding the United States.
👉 Explore OKX's global services
Frequently Asked Questions (FAQ)
Is OKX safe to use?
Yes, OKX implements industry-standard security measures including cold storage, two-factor authentication, and regular audits.
What makes OKX different from other exchanges?
OKX stands out with its:
- Comprehensive Web3 integration
- High-leverage derivatives trading
- Native blockchain ecosystem (OKX Chain)
- Multi-chain wallet supporting 30+ networks
How do I reduce trading fees on OKX?
Fees decrease through:
- Higher trading volumes
- Holding OKB tokens
- Using maker orders (instead of taker orders)
Can I earn passive income on OKX?
Yes, via:
- Staking programs
- DeFi integrations
- ETH 2.0 staking
- Savings products with stablecoins
What are OKX's withdrawal limits?
Limits vary by verification level. Fully verified users enjoy higher withdrawal capacities.
Conclusion
OKX has established itself as a versatile crypto platform combining CEX reliability with Web3 innovation. Its robust trading features, extensive asset support, and integrated wallet solutions cater to both beginners and advanced traders worldwide.