OKX

OKX

OKX Crypto Exchange Review: Low Fees, High Liquidity 

 

OKX stands as a cryptocurrency centralized exchange (CEX) and wallet platform that caters to a vast global clientele. This platform serves millions of clients, offering a comprehensive range of services. These encompass fundamental trading features, spanning spot trading and accessible options, as well as advanced derivatives like margin, futures, perpetual swaps, and options.

 

Beyond these, OKX presents an array of supplementary offerings such as trading bots, block trading, OKX Earn—a versatile platform covering savings, stablecoins, DeFi, staking, ETH 2.0, and more—crypto loans, and Jumpstart, a launchpad facilitating project launches on the exchange.

 

Founders of OKX

 

Once known as OKEx, OKX emerged as a subsidiary of OKCoin under the umbrella of OK Group. Established in 2013 by the visionary Mingxing ‘Star’ Xu, the company has undergone a transformation. Hailing from China, Xu, an accomplished entrepreneur, holds a Bachelor’s degree in Applied Physics from the University of Science and Technology Beijing.

 

Currently, Star Xu serves as the CEO of OK Group. Overseeing OKX’s operations is its present CEO, Jay Hao, guiding the platform toward its innovative journey.

 

Launch Date of OKX

 

The exchange, previously recognized as OKEX, marked its debut in 2017, ushering in a new era of trading possibilities.

 

Location of OKX

 

Serving as the central hub of operations, the company’s headquarters are situated in Seychelles.

 

Restricted Countries on OKX

 

The project enjoys widespread backing across more than 200 countries worldwide. It is important to note, however, that residents of the United States are not granted access to the platform’s services.

 

Supported Coins on OKX

 

The exchange proudly showcases an extensive array of over 350 cryptocurrencies, fostering a vibrant ecosystem with support for beyond 500 trading pairs. Among the notable tokens listed on the platform are BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB, and DOT, encompassing some of the most significant players in the cryptocurrency landscape

 

 

Leverage and Margin Trading on OKX

 

OKX provides traders with the power of leverage, offering up to 10X leverage for margin trading. In the realm of derivatives, the platform presents futures trading and perpetual swaps, supporting up to 125X leverage. Moreover, traders can harness leverage through crypto options, spanning assets like BTC, ETH, and others, amplifying their trading potential.

Fiat Money

Basic info

Supported types

Cryptocurrency

Derivatives

Stable Coins

Volume (BTC)

28843

Launched

01/01/2017

Headquarters office

Seychelles

Fees

The fee arrangement adheres to the maker-taker model, with fees commencing at 0.10% and scaling down in tandem with trading volume expansion. Regular users encounter fees contingent on their OKB holdings within the OKX ecosystem, whereas advanced users witness fee calculation based on their 30-day trading volumes.

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