OKX is a major global cryptocurrency exchange offering a wide range of digital asset trading services. This guide explains its trading volume, market listings, fee structures, and core features for both beginners and experienced traders.
What Is OKX?
OKX is a Seychelles-based centralized cryptocurrency exchange (CEX) and wallet platform serving millions of users worldwide. The exchange provides essential trading services like spot trading and simple options, along with derivatives including margin trading, futures, perpetual swaps, and options. Additional offerings include trading bots, block trading, OKX Earn (savings, stablecoins, DeFi, staking, ETH 2.0, and more), crypto loans, and Jumpstart (the exchange's launchpad).
The OKX Wallet is promoted as a "portal to Web3," providing a crypto hot wallet, decentralized exchange (DEX), NFT marketplace, and decentralized applications (DApps). It supports over 30 networks, including leading blockchains like Bitcoin, Ethereum, BNB Chain, Solana, Polygon, Avalanche, and Fantom.
OKX also operates its own native blockchain, OKX Chain, and has a utility token called OKB. These enable developers to build DApps and use infrastructure services like the OKX Oracle.
In January 2022, OKEx rebranded to OKX, introducing a new roadmap and visual identity.
OKX Trading Volume and Market Position
OKX consistently ranks among the top cryptocurrency exchanges by trading volume. Its spot and derivatives markets see significant activity, contributing to high liquidity across hundreds of trading pairs. The platform's deep liquidity ensures competitive pricing and efficient order execution for traders.
Supported Cryptocurrencies and Trading Pairs
OKX supports over 350 cryptocurrencies and more than 500 trading pairs. The exchange lists major tokens such as BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT, along with many emerging altcoins. This diversity allows users to access a broad spectrum of digital assets.
Fee Structure
OKX uses a maker-taker fee model. Standard trading fees start at 0.10% and decrease based on trading volume or OKB token holdings. Users can reduce fees by maintaining OKB in their accounts or achieving higher 30-day trading volumes. The fee schedule is competitive compared to other major exchanges.
Leverage and Margin Trading
OKX offers margin trading with leverage of up to 10x. For derivatives, it provides futures and perpetual swaps with leverage as high as 125x. Traders can also use leverage through crypto options on assets like BTC and ETH. These features cater to advanced traders seeking amplified exposure.
Founder and Leadership
OKX (formerly OKEx) is a subsidiary of OK Group, which owns OKCoin. The company was founded by Mingxing "Star" Xu in 2013. Xu, a Chinese entrepreneur with a degree in Applied Physics, serves as CEO of OK Group. The current CEO of OKX is Jay Hao.
Launch Date and Headquarters
The exchange, initially known as OKEx, launched in 2017. It is headquartered in Seychelles and serves users in over 200 countries, though it restricts access for residents of the United States.
Frequently Asked Questions
What is OKX known for?
OKX is recognized for its comprehensive suite of trading products, including spot, derivatives, and margin markets, along with a versatile Web3 wallet supporting DeFi and NFTs.
How does OKX's fee system work?
Fees are based on a maker-taker model, with costs decreasing as trading volume increases or based on OKB token holdings. This incentivizes high-volume trading and loyalty.
Can US citizens use OKX?
No, OKX does not currently offer services to residents of the United States due to regulatory considerations.
What leverage levels does OKX offer?
Margin trading provides up to 10x leverage, while derivatives like futures and perpetual swaps allow up to 125x leverage, depending on the asset and product.
How many cryptocurrencies does OKX support?
The exchange lists over 350 cryptocurrencies and more than 500 trading pairs, covering major and minor digital assets.
Is OKX safe to use?
OKX employs security measures like cold storage, two-factor authentication, and proof-of-reserves to protect user funds. However, users should always follow best practices for account security.
For those interested in exploring advanced trading tools, you can discover professional trading features designed for serious investors. Additionally, to access real-time market data, visit the platform for live updates and analytics.