Coin Newsweek | Latest Crypto News

About OKX

OKX is one of the world's leading cryptocurrency exchanges, serving over 20 million users in more than 100 countries. Founded in 2017, OKX offers deep liquidity in spot and derivatives markets, making it a preferred platform for professional traders and institutions. OKX is also shaping the future of blockchain technology with its comprehensive Web3 ecosystem.

Country and Regulations

Although OKX was initially established in China, it has moved its headquarters to Seychelles with a global vision. The platform has obtained regulatory approvals in financial centers such as Malta, Dubai, and Hong Kong. OKX prioritizes user security by strictly implementing AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.

Service Scope and Technology

OKX offers a comprehensive trading experience with over 350 cryptocurrencies and more than 1,000 trading pairs. The platform features high-performance infrastructure capable of handling 1.5 million transactions per second. While users can earn passive income through OKX Earn products, the Jumpstart platform provides early access to new project tokens. With OKX Wallet, users can manage assets across 50+ blockchains and access 1,000+ dApps.

User Statistics and Market Position

OKX is one of the world's largest crypto exchanges with over 20 million users and an average daily trading volume of $10-15 billion. The platform holds a 15% market share in derivatives markets. OKX has increased its global recognition through sponsorship deals with prestigious sports clubs such as Manchester City FC and McLaren Racing in 2023.

Key Features

Professional trading interface with advanced charting tools (TradingView integration)
High-leverage futures trading (up to 125x)
Derivative products including options and perpetual contracts
Passive income opportunities with OKX Earn (flexible, fixed and DeFi products)
Multi-chain Web3 wallet (support for 50+ blockchains)
NFT marketplace and DEX aggregator
Institutional-grade security (cold wallet storage, multi-signature technology)
24/7 live support and VIP account managers
Copy Trading and Algo Trading features
Fiat deposit/withdrawal options (banking, P2P, credit card)

Technological Infrastructure and Innovations

OKX has millisecond-level trading capability thanks to its proprietary high-frequency trading engine. The platform's matching engine can process 1.5 million transactions per second. OKX Chain is a Cosmos SDK-based blockchain optimized for DeFi and Web3 applications. OKX is developing privacy-focused solutions through its investments in Zero-Knowledge Proof technology.

OKB Token and Ecosystem

OKB is the native token of the OKX ecosystem with a total supply of 300 million. OKB holders enjoy benefits such as trading fee discounts, access to exclusive events, and participation in new token sales. OKX burns a portion of OKB tokens in circulation every quarter to reduce supply and support token economics. OKB is also used as the gas token for OKX Chain.

Security Measures and Insurance

OKX stores over 95% of user assets in cold wallets. The platform uses multi-signature wallet technology and AI-powered anomaly detection systems. OKX maintains a $300 million risk reserve fund (SAFU). Additionally, it has $250 million in insurance coverage provided by Lloyd's of London. Extra security layers such as 2FA, anti-phishing code, and device management are available for users.