{"id":"okx","title":"OKX","content":"**OKX** formerly known as **OKEx**, is a Seychelles-based [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) [exchange](https://iq.wiki/wiki/decentralized-exchange) and derivatives exchange. It offers basic trading including spot and simple options, and derivatives including margin, futures, perpetual swaps, and options. Other products include trading bots, [block](https://iq.wiki/wiki/block) trading, OKX Earn (savings, [stablecoins](https://iq.wiki/wiki/stablecoin), [DeFi](https://iq.wiki/wiki/defi), [staking](https://iq.wiki/wiki/staking), [ETH](https://iq.wiki/wiki/ethereum) 2.0, etc.), crypto loans, and Jumpstart, the exchange's launchpad. \\[\\[https://coinmarketcap.com/exchanges/okx/]\\[CMC]]\n\n$$widget0 [YOUTUBE@VID](guWyqkoqPcg)$$\n\n## Overview\n\nPreviously known as OKEx, OKX is a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange established in 2017 and owned by OK Group. Founded by Mingxing [\"Star\" Xu](https://iq.wiki/wiki/star-xu) in 2013, the platform aims to offer a range of services including spot, margin, futures, and [DeFi](https://iq.wiki/wiki/defi) trading, and serves users in over 100 countries.\n\nOperating with global offices in Hong Kong, Singapore, the UAE, Silicon Valley, and the Bahamas, OKX provides exchange services through its Seychelles and Bahamas entities, while [Web3](https://iq.wiki/wiki/web3) services are available in the U.S. The OKX wallet is designed to support over 30 networks and includes features such as a crypto hot wallet, [decentralized exchange (DEX)](https://iq.wiki/wiki/decentralized-exchange), [NFT](https://iq.wiki/wiki/non-fungible-token-nft) marketplace, and [DApps](https://iq.wiki/wiki/decentralized-application). Additionally, OKX has its own [blockchain](https://iq.wiki/wiki/blockchain) [OKTC](https://iq.wiki/wiki/oktchain), X Layer, and native token, [OKB](https://iq.wiki/wiki/okb).\n\nIn January 2022, the company rebranded from OKEx to OKX, introducing new branding and strategic goals.\\[\\[\\<https://coinmarketcap.com/exchanges/okx/]\\[CMC]][\\[1\\]](#cite-id-90lc67o87k4)\n\n## History\n\nOKX (formerly OKEx) is a subsidiary of [OKCoin](https://iq.wiki/wiki/okcoin) owned by OK Group. [OKCoin](https://iq.wiki/wiki/okcoin) was founded by [Mingxing \"Star\" Xu](https://iq.wiki/wiki/star-xu) back in 2013 and OKX was launched in 2017. It is headquartered in Seychelles.\n\n[Xu](https://iq.wiki/wiki/star-xu) is a Chinese entrepreneur and the CEO of OK Group. [Jay Hao](https://iq.wiki/wiki/jay-hao) joined OKX as their CEO in November 2018.\\[\\[https://www.investopedia.com/okex-review-5215206]\\[investopedia]]\n\n### 2018\n\nOn April 11, 2018, OKX declared its expansion into Malta due to the country's effort to offer a reliable regulatory environment for [blockchain](https://iq.wiki/wiki/blockchain) enterprises and digital asset [exchanges](https://iq.wiki/wiki/decentralized-exchange). \\[\\[https://www.bloomberg.com/news/articles/2018-04-12/another-giant-cryptocurrency-exchange-is-moving-to-tiny-malta]\\[malta]]\n\nIn May 2018, OKX's former CEO Chris Lee resigned due to personal reasons just as the exchange was named the world's largest [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange by reported turnover. \\[\\[https://www.bloomberg.com/news/articles/2018-05-14/okex-ceo-resigns-just-as-crypto-exchange-becomes-world-s-biggest#xj4y7vzkg]\\[chris lee resigned]]\\[\\[https://cointelegraph.com/news/okex-ceo-quits-to-start-new-life-as-exchange-overtakes-binance-as-worlds-largest]\\[chris lee cointel]]\n\nIn June 2018, the platform became one of the largest exchanges to launch and offer a [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) exchange white label service, where applicants must have solid industry experience and $2.5 million in their accounts. \\[\\[https://www.financemagnates.com/cryptocurrency/news/want-cryptocurrency-exchange-okex-launches-white-label-service/]\\[white label service]]\n\n### 2019\n\nIn 2019, OKEx introduced a market maker program designed to offer reduced trading fees to users who completed [KYC](https://iq.wiki/wiki/know-your-customer-kyc) verification and held assets exceeding 20 [Bitcoin](https://iq.wiki/wiki/bitcoin-btc). This program featured zero maker fees [across](https://iq.wiki/wiki/across) spot, futures, and perpetual swaps, with varied taker fees. Perpetual swaps, introduced by OKEx in December of the previous year, allowed indefinite speculation on [Bitcoin’s](https://iq.wiki/wiki/bitcoin-btc) value.\n\nThe company also aimed to expand the utility of its [OKB](https://iq.wiki/wiki/okb) token through partnerships. [OKB](https://iq.wiki/wiki/okb) was listed on Ledger’s hardware wallet, and on Vietnamese exchanges Aliniex and Bvnex, as well as being accepted by Cryptomall. \\[\\[\\<https://www.pymnts.com/blockchain/bitcoin/2019/bitcoin-daily-singapore-blockchain-firm-to-boost-philippine-startups-with-300k-fund-okex-crypto-exchange-lands-new-partners-for-okb-coin/]\\[partnership]][\\[2\\]](#cite-id-an5qynbpfr)\n\n### 2020\n\nIn 2020, OKEx halted withdrawals after reports that founder [Mingxing Xu](https://iq.wiki/wiki/star-xu) was being questioned by police, resulting in an 11% [drop](https://iq.wiki/wiki/drop) in [OKB's](https://iq.wiki/wiki/okb) value. The company indicated that other operations continued normally and that asset security was not compromised. OKX aimed to resume unrestricted withdrawals by November 27, 2020, following security checks, and planned to introduce user loyalty rewards as an acknowledgment of the disruption.\\[\\[https://www.forbes.com/sites/kenrapoza/2020/10/16/chinese-ceo-of-okex-crypto-exchange-arrested-again-whales-bail/]\\[forbes - OKX founder 'arrested']]\\[\\[https://www.okx.com/help/okx-official-announcement-reopening-of-withdrawals-and-other-related-updates]\\[okx announcements - reopening of withdrawals ]]\n\n$$widget0 [YOUTUBE@VID](NtamG7hchzU)$$\n\n### 2021\n\nIn February 2021, OKX recorded its highest trading volume at $188 billion, marking a 26% increase from the previous month. The company launched the [DeFi](https://iq.wiki/wiki/defi) Hub, featuring an [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace for minting and trading digital art, and a [DeFi](https://iq.wiki/wiki/defi) Dashboard for managing assets [across](https://iq.wiki/wiki/across) multiple [blockchains](https://iq.wiki/wiki/blockchain).\n\nOKX also introduced the OKX Wallet, available as a browser plugin and mobile app. Additionally, OKX, in partnership with MXC, allocated $40 million to support development on the [Solana](https://iq.wiki/wiki/solana) network. \\[\\[\\<https://www.reuters.com/article/us-crypto-currency-idUSKBN2AX14D]\\[reuters]][\\[3\\]](#cite-id-qwf8af5kbm)\\[\\[https://www.coindesk.com/markets/2021/03/25/okex-and-mxc-to-invest-40m-in-solana-based-projects-in-defi-arms-race/]\\[coindesk - OKX [Solana](https://iq.wiki/wiki/solana) investment]]\n\n$$widget0 [YOUTUBE@VID](SjGhy71sBK8)$$\n\n### 2022\n\nIn January 2022, OKEx rebranded to OKX\n\n> “OKX is moving beyond the standard centralized exchange model to give our customers an end-to-end \\[cryptocurrency] - (<https://iq.wiki/wiki/cryptocurrency>) experience, Most importantly, we’re doing this while upholding the core principles of crypto — decentralization, and autonomy. Our goal is to give customers the tools they need to easily and securely earn, transfer, and spend their wealth as they see fit, without intermediation from us. We’ve dropped the “E” from our name because we’re so much more than an exchange, just like crypto is so much more than a speculative asset.”\n\nsaid [Jay Hao](https://iq.wiki/wiki/jay-hao), CEO of OKX. \\[\\[https://ibsintelligence.com/ibsi-news/okx-rebrands-as-cross-platform-services-provider/]\\[rebrand]]\n\nIn March 2022, OKX rejected calls to ban Russian crypto trading. \\[\\[https://www.pymnts.com/cryptocurrency/2022/crypto-brokerage-genesis-tries-to-raise-funds-and-eyes-bankruptcy/]\\[okx rejects calls to ban russian crypto trading]] In the same month, football team Manchester City F.C. announced a partnership with OKX as their official [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) partner.\\[\\[https://www.forbes.com/sites/justinbirnbaum/2022/03/04/manchester-city-announces-multimillion-dollar-deal-with-crypto-exchange-okx/?sh=501955fc39f8]\\[Man City partnership]]\\[\\[https://www.coindesk.com/business/2022/03/04/manchester-city-soccer-club-signs-deal-with-crypto-exchange-okx/]\\[man city coindesk]]\n\nIn May 2022, OKX signed a sponsorship deal with McLaren Racing\\[\\[https://www.mclaren.com/racing/]\\[mclaren website]] as a primary partner \\[\\[https://www.mclaren.com/racing/partners/okx/mclaren-racing-announces-okx-a-primary-partner-mclaren-formula-1-team/]\\[Mclaren racing]]\n\n> “We are thrilled to announce this primary partnership with OKX ahead of the Miami GP. In a rapidly evolving field, OKX is a long-established crypto brand that brings innovation, analytics and accuracy to accomplish great things\"\n\nsaid Zak Brown, CEO of McLaren Racing.\n\nIn November 2022, OKX expanded to the Bahamas with new registration and regional office. The crypto exchange registered as a Digital Asset Business in the Bahamas and formed a subsidiary, OKX Bahamas. \\[\\[https://www.coindesk.com/business/2022/11/03/okx-expands-to-the-bahamas-with-new-registration-and-regional-office/]\\[okx bahamas]]\n\nIn the middle of December 2022, the [crypto](https://iq.wiki/wiki/cryptocurrency) space was amazed by another step of Twitter boss [Elon Musk](https://iq.wiki/wiki/elon-musk), who suddenly started following the account of the OKX exchange founded by [“Star” Xu](https://iq.wiki/wiki/star-xu) on Twitter. [OKB](https://iq.wiki/wiki/okb) soared immediately from $22.97 to $24.15 with the trading volume showing an increase as well, adding around $3 million. \\[\\[https://epointperfect.com/crypto-giant-founder-star-xu.html]\\[epointperfect-elon follows ikx]]\n\n$$widget0 [YOUTUBE@VID](g-mY4VoTrFc)$$\n\n### 2023\n\nIn 2023, OKX experienced several notable events. ZA Bank, a leading virtual bank in Hong Kong, announced plans to establish an operating account with OKX. The exchange updated its marketing practices in the UK to adhere to new FCA regulations, which require unregistered crypto firms to obtain authorization for financial promotions.\n\nOKX introduced an upgraded futures trading platform, substituting Perpetual Swap Contracts with Perpetual Futures and renaming Future Contracts as Expiry Futures. The company addressed a vulnerability in its iOS wallet, though no user funds were reported affected. Additionally, OKX added a \"Buy With Card\" feature for its decentralized wallet and expanded its services to Brazil and Dubai, where it secured a preparatory license for spot, derivatives, and [fiat](https://iq.wiki/wiki/fiat-money) transactions.\\[\\[https://coingape.com/hong-kong-largest-virtual-bank-opens-okx-operating-account/]\\[coingape - HongKong bank opens OKX account]]\\[\\[https://blockworks.co/news/okx-uk-marketing-fca-compliance]\\[blockworks - OKX updates for UK marketing]]\\[\\[https://www.financemagnates.com/cryptocurrency/okx-announces-launch-of-upgraded-futures-trading-platform/]\\[fianncemagnates - launch of upgraded futures trading platform]]\\[\\[https://cryptoslate.com/okx-urges-critical-update-after-wallet-bug-disclosed/]\\[cryptoslate - wallet bug disclosure]]\\[\\[https://www.prnewswire.com/in/news-releases/okx-officially-launches-crypto-exchange-and-web3-wallet-in-brazil-301997643.html]\\[prnewswire - launch in brazil]]\\[\\[https://www.coindesk.com/business/2023/06/15/crypto-exchange-okx-wins-preparatory-license-in-dubai-set-to-boost-staff/]\\[coindesk - OKX in dubai]]\\[\\[https://dailycoin.com/okx-wallet-adds-buy-with-card-option-latest-news-on-okx-exchange/]\\[dailycoin - okc wallet new feature]]\n\n### 2024\n\nOn January 16, 2024, OKX Middle East Fintech FZE, the Dubai-based affiliate of OKX received regulatory approval from Dubai’s Virtual Assets Regulatory Authority (VARA). This authorization allows OKX to extend its crypto services to retail clients alongside its existing offerings for institutional customers. VARA granted OKX Middle East a Virtual Asset Service Provider (VASP) license, specifically designed for exchange services. \\[\\[https://www.okx.com/learn/okx-granted-vasp-license-in-dubai]\\[OKX Middle East FZE Granted VASP License...]]\n\n> “The future of digital assets and capital markets lies in the hands of regulated entities, and Dubai, along with VARA, has succeeded in establishing a distinctive environment that fosters the growth of Virtual Asset Service Providers. The MENA region holds immense potential to become a hub of excellence for \\[[Web3](https://iq.wiki/wiki/web3)] - (<https://iq.wiki/wiki/web3>) and virtual assets. We eagerly anticipate the chance to further enhance the already flourishing ecosystem throughout the region.” - Rifad Mahasneh , OKX General Manager for the MENA Region\n\nIn July 2024, OKX suspended naira withdrawals and announced it would exit Nigeria by mid-August, attributing this decision to changes in local laws. The company also chose Malta as its new [base](https://iq.wiki/wiki/base) for EU operations to comply with the Markets in Crypto-Assets (MiCA) regulations, aiming to align with the EU's regulatory requirements. \\[\\[https://www.financemagnates.com/cryptocurrency/okx-to-end-operations-in-nigeria-blames-changes-in-local-laws/]\\[financemagnates - OKX ceases operations in Nigeria]]\\[\\[https://blockchainreporter.net/okx-announces-malta-as-its-new-home-for-eu-crypto-operations/]\\[blockcgainreporter - OKX chooses Malta as EU hub]]\n\n#### OKX Racer Game Launch\n\nOn July 22, 2024, OKX launched a Telegram game that asks gamers to guess [Bitcoin’s](https://iq.wiki/wiki/bitcoin-btc) price every five seconds. The game also asks users to [link](https://iq.wiki/wiki/link) their OKX account for future “surprises,” suggesting potential benefits for players. \\[\\[https://decrypt.co/240917/okx-bitcoin-price-guessing-game-telegram]\\[‘Moon’ or ‘Doom’? OKX Launches [Bitcoin](https://iq.wiki/wiki/bitcoin) Price Guessing Game on Telegram]]\\[\\[https://t.me/okx\\_racer\\_official\\_announcement/39]\\[game launch announcement on telegram]]\n\nIn OKX Racer, players predict if [Bitcoin](https://iq.wiki/wiki/bitcoin)'s price will rise (\"moon\") or fall (\"doom\") every five seconds. They have 10 guesses before waiting for a refill, which occurs every 1 minute and 30 seconds, similar to stamina bars in tap-to-earn games on Telegram. When the player guesses Bitcoin’s movement correctly, they earn points—but guessing incorrectly doesn’t cause a loss of points. If the guesser hits a streak of correct answers, then a multiplier boosts the amount of points earned. \\[\\[https://decrypt.co/240917/okx-bitcoin-price-guessing-game-telegram]\\[‘Moon’ or ‘Doom’? OKX Launches [Bitcoin](https://iq.wiki/wiki/bitcoin) Price Guessing Game on Telegram]]\n\n### 2026\n\n#### Orbit Launch\n\nOn March 5, 2026, OKX announced the launch of Orbit, a social trading platform integrated within the OKX trading app. The platform aims to enhance transparency by allowing traders to share and verify their performance through features that display real-time, non-editable data such as holdings, profit and loss (P\\&L), and complete trading history. Orbit enables users to execute trades directly from posts, discuss markets, and host livestreams. Access to the platform requires Know Your Customer (KYC) identity verification. The rollout began with a limited group of users, with plans for a broader expansion after a beta phase. At launch, the platform was not available in several markets, including the U.S., Europe, Singapore, Australia, and the United Arab Emirates (UAE).\\[\\[https://decrypt.co/360215/crypto-exchange-okx-debuts-social-platform-linking-posts-trades]\\[OKX launches social trading platform Orbit]]\n\n## Products\n\n### OKTChain\n\n[OKTC](https://iq.wiki/wiki/oktchain), or [OKTChain](https://iq.wiki/wiki/oktchain), is a layer 1 [blockchain](https://iq.wiki/wiki/blockchain) developed on [Cosmos](https://iq.wiki/wiki/cosmos) with [EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) compatibility. It aims to provide high scalability and interoperability through the Inter-[Blockchain](https://iq.wiki/wiki/blockchain) Communication (IBC) protocol. The [blockchain](https://iq.wiki/wiki/blockchain) seeks to support developers by offering low [gas](https://iq.wiki/wiki/gas) fees and efficient performance. Additionally, [OKTC](https://iq.wiki/wiki/oktchain) features a multi-chain [Web3](https://iq.wiki/wiki/web3) interface to facilitate a seamless experience for developers and users.\\[\\[https://www.okx.com/oktc/docs/dev/quick-start/overview]\\[OKX docs - What is [OKTChain](https://iq.wiki/wiki/oktchain)]]\\[\\[https://www.okx.com/okc]\\[okx chain]]\n\n#### OKT\n\n[OKT](https://iq.wiki/wiki/okt-token) is the native token of the [OKTC](https://iq.wiki/wiki/oktchain) ecosystem, designed to facilitate functions such as voting, [staking](https://iq.wiki/wiki/staking), and transaction fee payments on the [OKTChain](https://iq.wiki/wiki/oktchain). It aims to support decentralized exchanges, [DeFi](https://iq.wiki/wiki/defi) applications, and participation in [NFT](https://iq.wiki/wiki/non-fungible-token-nft), GameFi, and [Web3](https://iq.wiki/wiki/web3) projects on [OKTC](https://iq.wiki/wiki/oktchain). The initial supply of 10 million [OKT](https://iq.wiki/wiki/okt-token) tokens was distributed to [OKB](https://iq.wiki/wiki/okb) holders starting December 31, 2020. The total supply is capped at just under 42 million, with [OKT](https://iq.wiki/wiki/okt-token) also serving roles in network security and governance through [staking](https://iq.wiki/wiki/staking) and voting.\\[\\[https://www.linkedin.com/pulse/what-okc-token-bloomrewards/]\\[linkedin - OKT]]\\[\\[https://changehero.io/blog/okt-chain-guide/]\\[changehero - OKT]]\\[\\[https://www.okx.com/okc]\\[okx chain]]\\[\\[https://www.okx.com/help/okx-announces-okt-initial-minting-session-for-okb-holders-via-jumpstart]\\[okx announcement - initial OKT minting]]\n\n#### stOKT\n\nstOKT is a KIP20 token that represents staked [OKT](https://iq.wiki/wiki/okt-token). It is designed to automatically integrate [staking](https://iq.wiki/wiki/staking) rewards into its value. The number of stOKT tokens remains constant, but their value fluctuates to include both the initial staked [OKTs](https://iq.wiki/wiki/okt-token) and accumulated rewards. Users can claim their staked [OKTs](https://iq.wiki/wiki/okt-token) and rewards by unstaking through the protocol. Therefore, 1 stOKT does not equate to 1 [OKT](https://iq.wiki/wiki/okt-token), but rather represents a [portion](https://iq.wiki/wiki/portion) of the total staked [OKT](https://iq.wiki/wiki/okt-token) and its rewards.\\[\\[https://okcofficial.medium.com/introducing-liquid-staking-of-okt-on-okc-c5d1ca588a39]\\[medium - introduction to liquid staking]]\n\n### OKX Wallet\n\nOKX Wallet is a [Web3](https://iq.wiki/wiki/web3) wallet that provides access to [DeFi](https://iq.wiki/wiki/defi), GameFi, [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), and associated services in the OKX [Web3](https://iq.wiki/wiki/web3) ecosystem and beyond. It enables users to create, trade, and generate passive income. OKX Wallet’s most basic function is a simple [Web3](https://iq.wiki/wiki/web3) wallet to manage the crypto asset keys. \\[\\[https://www.okx.com/learn/what-can-i-do-with-okx-wallet]\\[okx wallet]]\\[\\[https://chrome.google.com/webstore/detail/okx-wallet/mcohilncbfahbmgdjkbpemcciiolgcge]\\[okx wallet chrome extension]]\\[\\[https://www.okx.com/web3]\\[okx wallet website]]\n\n$$widget0 [YOUTUBE@VID](4dzksSot_yw)$$\n\n### OKX NFT Marketplace\n\nOKX [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace is a decentralized [NFT](https://iq.wiki/wiki/non-fungible-token-nft) Marketplace running [across](https://iq.wiki/wiki/across) [Ethereum](https://iq.wiki/wiki/ethereum), [Solana](https://iq.wiki/wiki/solana), OKC, [Polygon](https://iq.wiki/wiki/polygon), [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), [Avalanche C](https://iq.wiki/wiki/avalanche), [Immutable X](https://iq.wiki/wiki/immutable-x), [Aptos](https://iq.wiki/wiki/aptos), [Arbitrum](https://iq.wiki/wiki/arbitrum), [Optimism](https://iq.wiki/wiki/optimism), and [Klaytn](https://iq.wiki/wiki/klaytn). Users can create and trade [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) [across](https://iq.wiki/wiki/across) these different [blockchains](https://iq.wiki/wiki/blockchain) and platforms. \\[\\[https://www.okx.com/web3/nft/featured]\\[nft marketplace]]\n\n### OKX Earn\n\nEarn on OKX offers a range of investment options to generate interest on assets, including [Staking](https://iq.wiki/wiki/staking), Loan, and third-party [DeFi](https://iq.wiki/wiki/defi) services. \\[\\[https://www.okx.com/earn]\\[earn]]\n\n#### Staking\n\n[Staking](https://iq.wiki/wiki/staking) is a way to earn rewards by locking [crypto](https://iq.wiki/wiki/cryptocurrency) assets in [proof-of-stake](https://iq.wiki/wiki/proof-of-stake) (PoS) networks. The rewards are determined by the ratio of the staked amount to the total staked amount, and [staking](https://iq.wiki/wiki/staking) helps to run the network and participate in its governance. \\[\\[https://www.okx.com/earn/product/staking]\\[staking]]\n\n#### Dual Investment\n\nDual Investment allows users to maximize their profits by choosing a major [crypto](https://iq.wiki/wiki/cryptocurrency) pair to trade (e.g., [BTC](https://iq.wiki/wiki/bitcoin) - [USDT](https://iq.wiki/wiki/tether), [ETH](https://iq.wiki/wiki/ethereum) - [USDT](https://iq.wiki/wiki/tether)). Once subscribed, users can obtain steady returns in either of the [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency), depending on their target price. On the date of expiration, buyers will receive the crypto they invest in if the target price is reached. Otherwise, they will have their [stablecoins](https://iq.wiki/wiki/stablecoin) back, along with their interests. Likewise, sellers will receive their returns in [stablecoins](https://iq.wiki/wiki/stablecoin) if they reach the target price at expiration, or have their crypto back, along with the interest. \\[\\[https://www.okx.com/earn/dual]\\[dual inv]]\n\n#### Flash Deals\n\nFlash Deals on OKX are exclusive Earn offers with high rewards and low risks. Flash Deals have limited terms and amounts and appear on an irregular basis. \\[\\[https://www.okx.com/earn/flashdeals]\\[flashdeals]]\n\n#### Fixed Income\n\nOKX's Fixed Income provides users with the opportunity to invest in [crypto](https://iq.wiki/wiki/cryptocurrency) loans and achieve [stable](https://iq.wiki/wiki/stable) and secure returns. Users can choose from a variety of currency types and loan periods based on their individual risk preferences. Fixed Income also ensures the security of assets while providing an outlet for [idle](https://iq.wiki/wiki/idle) assets. \\[\\[https://www.okx.com/earn/loan]\\[fixed income]]\n\n### Trading Bots\n\nOKX offers customizable trading bots designed to automate trading strategies, aiming to lower trading risks and costs. The Bot Marketplace allows users to share and replicate various bots, including grid and DCA bots. The Signal Marketplace provides access to premium trading signals for automated transactions.\n\nThe spot grid bot operates by placing buy and sell orders at regular intervals around a [base](https://iq.wiki/wiki/base) price, while the futures grid bot follows a similar approach within the futures market. The spot DCA bot aims to lower average trade costs by placing incremental orders during price declines.\n\nThese trading bots are available at no cost to all users.\\[\\[https://www.okx.com/trading-bot]\\[okx - trading bots FAQ]]\n\n$$widget0 [YOUTUBE@VID](MzcdWvmyrCc)$$\n\n### OKX Shark-Fin\n\nShark-Fin is a principal-protected savings product designed to provide higher APYs if the asset’s value remains within a predefined range at expiry. It aims to guarantee the initial principal and a basic return regardless of market conditions.\n\nThe product allows for speculation on both [bullish](https://iq.wiki/wiki/bullish) and bearish trends in [BTC](https://iq.wiki/wiki/bitcoin-btc) and [ETH](https://iq.wiki/wiki/ether-eth). Subscriptions and earnings are in [USDT](https://iq.wiki/wiki/tether), with options for three-day or seven-day terms. It does not incur additional fees.\\[\\[https://www.okx.com/help/shark-fin-faq]\\[okx - shark-fins]]\n\n$$widget0 [YOUTUBE@VID](7eHZm9gja6k)$$\n\n## Tokenomics\n\n### OKB\n\nLaunched in March 2018, [OKB](https://iq.wiki/wiki/okb) is the [utility token](https://iq.wiki/wiki/utility-token) of the OKX exchange. It aims to provide up to a 40% discount on trading fees, depending on trading volume. Holding [OKB](https://iq.wiki/wiki/okb) also offers potential access to new crypto projects through the OKX Jumpstart initiative and enables participation in [staking](https://iq.wiki/wiki/staking) rewards via OKX Earn. Additionally, [OKB](https://iq.wiki/wiki/okb) is intended to be used with various partners, such as CryptoHopper and [Enjin](https://iq.wiki/wiki/enjin), to manage fees and virtual game assets.\\[\\[https://www.okx.com/learn/what-is-okb-the-utility-token-of-okx]\\[okx - what is [OKB](https://iq.wiki/wiki/okb)]]\n\n$$widget0 [YOUTUBE@VID](BRN726zAn3s)$$\n\n## Controversies\n\nOn February 24, 2018, the Dongguan Public Security Bureau officially opened a criminal case against OKX for possible \"illegal futures trading\" or, more seriously, \"fraud\". \\[\\[https://finance.sina.com.cn/blockchain/coin/2018-04-20/doc-ifznefkf5601485.shtml]\\[suspected fraud]]\n\nOn March 10, 2018, Sylvain Ribes\\[\\[https://sylvain-ribes.medium.com/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e]\\[sylvian ribes]], a trader and investor, published an article titled *Chasing fake volume: a crypto-plague,* in which he concluded from an analysis of publicly available data that approximately 93% of trading volume on OKX was faked. \\[\\[https://sylvain-ribes.medium.com/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e]\\[sylvian ribes]]\n\nOn September 5, 2018, the exchange experienced problems such as app flashbacks, inability to log into the platform, and inability to view contracts. Subsequently, many investors crowded Beijing, where the institution was headquartered at the time, to defend their rights. On the evening of the 10th of the same month, the founder of the exchange, [Star Xu](https://iq.wiki/wiki/star-xu), was summoned by the Shanghai public security authorities to assist in the investigation of alleged digital currency fraud. \\[\\[https://finance.sina.com.cn/blockchain/roll/2018-09-11/doc-ihiixyeu6035048.shtml]\\[star xu summoned]]\\[\\[https://finance.sina.com.cn/blockchain/roll/2021-01-26/doc-ikftpnny1966272.shtml]\\[okx downtime]]\n\nIn October 2020 OKX temporarily suspended withdrawals following its founder's [Star Xu](https://iq.wiki/wiki/star-xu) alleged arrest. On November 19, 2020, OKX announced that withdrawals would reopen and will resume on or before November 27. \\[\\[https://www.caixinglobal.com/2020-10-17/exclusive-okex-suspends-cryptocurrency-withdrawals-after-founders-arrest-101615674.html]\\[withdrawal suspension]]\\[\\[https://www.bloomberg.com/news/articles/2020-10-22/frozen-okex-crypto-traders-can-cash-out-but-would-pay-a-price#xj4y7vzkg]\\[withdrawal suspension]]\\[\\[https://www.bloomberg.com/news/articles/2020-11-19/crypto-exchange-okex-to-resume-withdrawals-as-issue-resolved#xj4y7vzkg]\\[withdrawals reopen]]\n\n### Developments\n\n#### Partnership with Mastercard to Launch OKX Card\n\nOn April 29, 2025, It was announced that Mastercard was working with OKX to roll out the \"OKX Card,\" aimed at linking crypto trading and [Web3](https://iq.wiki/wiki/web3) activities with everyday spending. \\[\\[https://www.coindesk.com/business/2025/04/28/mastercard-unveils-end-to-end-stablecoin-capabilities-will-launch-card-with-okx]\\[Mastercard Unveils End-to-End [Stablecoin](https://iq.wiki/wiki/stablecoin) Capabilities, Will Launch Card With OKX\n]]\n\nMastercard’s initiative covers the full range of [stablecoin](https://iq.wiki/wiki/stablecoin) use cases, from wallet enablement and card issuance to merchant settlement and on-chain remittances. The company has previously partnered with crypto exchanges like [Kraken](https://iq.wiki/wiki/kraken), [Binance](https://iq.wiki/wiki/binance) and Crypto.com to allow users to pay with stablecoins via traditional cards.\n\n> “When it comes to \\[blockchain] - (<https://iq.wiki/wiki/blockchain>) and digital assets, the benefits for mainstream use cases are clear,” Jorn Lambert, chief product officer at Mastercard, said in a statement. “To realize its potential, we need to make it as easy for merchants to receive \\[stablecoin] - (<https://iq.wiki/wiki/stablecoin>) payments and for consumers to use them. We believe in the potential of stablecoins to streamline payments and commerce \\[across] - (<https://iq.wiki/wiki/across>) the value chain. Unlocking this is core to how we navigate the rapidly changing world, giving people and businesses the freedom they want by providing the choices they deserve,” he said. \\[\\[https://www.coindesk.com/business/2025/04/28/mastercard-unveils-end-to-end-stablecoin-capabilities-will-launch-card-with-okx]\\[Mastercard Unveils End-to-End [Stablecoin](https://iq.wiki/wiki/stablecoin) Capabilities, Will Launch Card With OKX\n> ]]\n\n### OKX SMSF Platform\n\nIn September 2025, OKX Australia launched a platform tailored for Self-Managed Super Funds (SMSFs), allowing trustees to directly include digital assets like [Bitcoin](https://iq.wiki/wiki/bitcoin) and [Ethereum](https://iq.wiki/wiki/ethereum) in retirement portfolios. \\[\\[https://www.okx.com/learn/okx-smsf-crypto-platform]\\[OKX SMSF Platform]]The platform was developed in consultation with trustees and industry professionals to help trustees comply with local regulations. It provides specialized features such as reporting tools for audits and compliance, an independent audit trail, and the segregation of SMSF assets.OKX expects that over the next 12–24 months, many SMSFs will onboard the platform, especially those seeking more robust infrastructure and compliant pathways to include crypto in their retirement portfolios. \\[\\[https://decrypt.co/339422/crypto-exchange-okx-australia-self-managed-super-fund-sector]\\[OKX targets Australian retirement market]] \\[\\[https://www.okx.com/learn/okx-smsf-crypto-platform]\\[OKX SMSF Platform]]","summary":"OKX, formerly OKEx, is a Seychelles-based cryptocurrency and derivatives exchange, featuring trading operations and a proprietary blockchain, OKX Chain, and nat...","images":[{"id":"QmQH7MD3r5YZgcAxv1GKRo8UdvknLtsX5h5uzV7YArwSYi","type":"image/jpeg, image/png"}],"categories":[{"id":"exchanges","title":"Exchanges"}],"tags":[{"id":"DEXes"},{"id":"Blockchains"}],"media":[{"id":"https://www.youtube.com/watch?v=BRN726zAn3s","size":"0","name":"BRN726zAn3s","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=NtamG7hchzU","size":"0","name":"NtamG7hchzU","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=SjGhy71sBK8","size":"0","name":"SjGhy71sBK8","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=guWyqkoqPcg","size":"0","name":"guWyqkoqPcg","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=4dzksSot_yw","size":"0","name":"4dzksSot_yw","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=MzcdWvmyrCc","size":"0","name":"MzcdWvmyrCc","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=7eHZm9gja6k","size":"0","name":"7eHZm9gja6k","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=g-mY4VoTrFc","size":"0","name":"g-mY4VoTrFc","type":null,"source":"YOUTUBE"}],"metadata":[{"id":"website","value":"https://www.okx.com/"},{"id":"contract_url","value":"https://etherscan.io/token/0x75231f58b43240c9718dd58b4967c5114342a86c"},{"id":"instagram_profile","value":"https://www.instagram.com/okx_official/"},{"id":"twitter_profile","value":"https://twitter.com/okx"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/okxofficial/"},{"id":"youtube_profile","value":"https://www.youtube.com/channel/UCZEp9q993DknUPrhIL51lcw"},{"id":"reddit_profile","value":"https://www.reddit.com/r/OKX/"},{"id":"telegram_profile","value":"https://t.me/OKXOfficial_English"},{"id":"references","value":"[{\"id\":\"90lc67o87k4\",\"url\":\"https://www.okx.com/about.html\",\"description\":\"okx website - about us\",\"timestamp\":1721377207128},{\"id\":\"an5qynbpfr\",\"url\":\"https://cointelegraph.com/news/okex-incentivizes-market-makers-with-new-program-offering-lower-trading-fees\",\"description\":\"cointelegraph - 2019 OKX new program \",\"timestamp\":1721378302579},{\"id\":\"qwf8af5kbm\",\"url\":\"https://www.cryptonewsz.com/okex-speeds-up-nft-acceptance-with-the-nft-marketplace-defi-hub/\",\"description\":\"cryptonewsz - NFT Marketplace DeFi Hub\",\"timestamp\":1721379038217}]"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmZ7hHxgqnvx4rqx1knDopYyP2yvzUbv5VGFcAJpMn1dRS\""},{"id":"commit-message","value":"\"Updated main content and removed YouTube widget\""},{"id":"previous_cid","value":"QmZ7hHxgqnvx4rqx1knDopYyP2yvzUbv5VGFcAJpMn1dRS"}],"events":[{"id":"3ae404de-9e02-431f-a40b-ed468489575d","date":"2024-07-01","title":"OKX Racer Launch","type":"DEFAULT","description":"On July 22, 2024, OKX launched OKX Racer","link":"https://decrypt.co/240917/okx-bitcoin-price-guessing-game-telegram","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"date":"2025-05-01","title":"Launch of SMSF Platform in Australia","type":"DEFAULT","description":"OKX launched a dedicated cryptocurrency exchange platform for Self-Managed Super Fund (SMSF) investors in Australia to ensure regulatory compliance.","link":"https://decrypt.co/339422/crypto-exchange-okx-australia-self-managed-super-fund-sector","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"53f3370c-7187-4c59-b13b-3c388cf0cf81"},{"date":"2017-01-01","title":"OKX Launch","type":"CREATED","description":"OKX was launched in 2017.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"af5ef4ab-c80e-4a26-81d5-c73e1963f1c0"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"operator":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"language":"en","version":1,"linkedWikis":{"blockchains":["oktchain"],"founders":["star-xu","jay-hao"],"speakers":[]}}