OKX Exchange, formerly known as OKEx and OKCoin, stands as one of the world's leading digital asset trading platforms. Its journey began in 2013 and has since evolved through strategic transformations to meet global market demands. Here's an in-depth look at its development:
Founding Years: The OKCoin Era (2013–2016)
- 2013: Launched in China as OKCoin, specializing in Bitcoin trading. Quickly rose to become a top Bitcoin exchange globally.
- 2014: Secured Series A funding worth tens of millions USD from prominent investors like Ceyuan Ventures and Longling Capital (backed by Meitu founder).
Global Expansion: The Birth of OKEx (2017–2020)
2017: Introduced OKEx as its international platform, broadening services to include:
- Spot trading
- Margin trading
- Derivatives contracts
- May 2017: Officially rebranded as OKEx, operating as an independent entity.
- 2017–2018: Emerged as a top-volume crypto exchange due to high liquidity and diverse offerings.
👉 Discover how OKX revolutionized crypto trading
Compliance and Relocation (2019–2021)
2019–2020: Strengthened regulatory compliance with:
- Enhanced AML protocols
- Rigorous KYC procedures
- 2020: Relocated headquarters to Malta to align with international regulatory standards.
Rebranding to OKX (2021–Present)
- February 2021: Announced major rebranding from OKEx to OKX, reflecting its global vision.
2022: Officially transitioned to the OKX brand identity while expanding into:
- DeFi services
- NFT marketplaces
- Options trading
- 2024: Now supports 500+ digital assets across spot, futures, and margin trading.
Key Achievements
- Operates in 100+ countries
- Processes billions in daily trading volume
- Pioneered Proof-of-Reserves for transparency
Future Outlook
OKX continues to innovate with:
- Institutional-grade trading tools
- Web3 wallet integration
- Sustainable blockchain initiatives
👉 Explore OKX's cutting-edge trading platform
FAQ Section
Q: Is OKX available in the United States?
A: No, OKX currently restricts access for U.S. residents due to regulatory requirements.
Q: What makes OKX different from other exchanges?
A: OKX stands out with its comprehensive product suite, including advanced derivatives and DeFi integrations, combined with strong security measures.
Q: How does OKX ensure fund security?
A: Through multi-signature cold wallets, regular Proof-of-Reserves audits, and a $1 billion protection fund.
Q: Can I trade NFTs on OKX?
A: Yes, OKX operates a full-featured NFT marketplace supporting multiple blockchains.
Q: What are OKX's commission rates?
A: Offers competitive maker-taker fees starting at 0.08%, with discounts for OKB token holders.
Q: How do I contact OKX support?
A: Available 24/7 via live chat and email with multilingual support teams.
Through strategic evolution and technological innovation, OKX has cemented its position as a leader in the digital asset ecosystem while maintaining compliance with global standards. Its commitment to user security and product diversity continues to drive growth in the competitive crypto exchange landscape.