What Is OKX?
OKX: A Seychelles-Based Crypto Exchange and Wallet Platform Connecting Global Users
OKX, a prominent centralized exchange (CEX) and wallet platform, caters to millions of clients worldwide. The exchange offers various trading options, including spot and simple options, as well as derivatives like margin, futures, perpetual swaps, and options. Additionally, users can access a range of products, such as trading bots, block trading, OKX Earn (offering savings, stablecoins, DeFi, staking, ETH 2.0, and more), crypto loans, and Jumpstart, which is OKX’s launchpad for new projects.
The OKX wallet, positioning itself as the “portal to Web3,” offers a crypto hot wallet, a decentralized exchange (DEX), an NFT marketplace, and decentralized applications (DApps). It proudly supports over 30 networks, encompassing major blockchains such as Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, Fantom, and more.
In addition to these features, OKX boasts its native blockchain, OKX Chain, and its native token, OKB. These enable builders and projects to deploy DApps and developers to utilize infrastructure like OKX Oracle, among other functionalities.
To signal a new phase of growth and direction, in January 2022, OKEx was rebranded as OKX, unveiling a fresh branding and an updated roadmap.
Who Are the OKX Founders?
OKX (formerly OKEx) is a subsidiary of OKCoin owned by OK Group.
The company was founded by Mingxing “Star” Xu back in 2013 in China. Xu is a Chinese entrepreneur. He holds a Bachelor’s degree in Applied Physics from the University of Science and Technology Beijing. Star Xu is CEO of OK Group The present CEO of OKX is Jay Hao.
OKX Restricted Countries
The project is supported in over 200 countries. However, residents of the United States don’t have access to the platform’s services.
How Much Are OKX Fees?
OKX Fee Structure: A Balance of Market Taker and Maker Model
At OKX, the fee structure operates on a market taker and maker model. Trading fees on the platform begin at 0.10% and gradually decrease as the trading volume increases. For regular users, the fees are contingent on the number of OKB (the native currency) held within the OKX ecosystem. On the other hand, advanced users’ fees are determined by their 30-day trading volumes. This setup ensures a flexible and accommodating fee system to cater to different trading preferences and levels of engagement.
“Unlocking Leverage and Margin Trading on OKX: Expanding Your Trading Potential”
OKX Unleashes Powerful Leverage: Margin Trading up to 10X and Derivatives with up to 125X Leverage
When Did OKX Launch?
The exchange, formerly known as OKEX, was launched in 2017.
Where Is OKX Located?
The company is headquartered in Seychelles.
Supported on OKX?
The exchange lists over 350 cryptocurrencies and supports more than 500 trading pairs. The platform lists major tokens including BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT.