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World's #2 Crypto Exchange
World's #2 Crypto Exchange
| Founded | 2017 (as OKEx, rebranded to OKX in 2022) |
| Headquarters | Seychelles (operations in Dubai, Singapore, EU) |
| Users | 50M+ registered across 180+ countries |
| Daily Volume | $20B+ (spot + derivatives) |
| Spot Fee | 0.10% maker / 0.15% taker (OKB discounts apply) |
| Futures Fee | 0.02% maker / 0.05% taker |
| Leverage | Up to 100× |
| Native Token | OKB |
| Supported Assets | 300+ coins, 500+ trading pairs |
OKX (formerly OKEx) is the world's second-largest cryptocurrency exchange by derivatives trading volume, processing over $20 billion in daily trades across spot, futures, options and perpetuals. Founded in 2017 by Star Xu, the exchange rebranded from OKEx to OKX in January 2022 to signal its pivot toward a broader Web3 vision beyond centralized trading.
With over 50 million registered users across 180+ countries, OKX competes directly with Binance on derivatives and with Coinbase on regulatory compliance in select markets. The exchange holds regulatory licenses in Dubai, the Bahamas, Malta, and the EU, giving it one of the broader regulatory footprints among Tier-1 exchanges.
OKX's product suite covers the full spectrum of crypto trading:
Spot Trading: 300+ cryptocurrencies and 500+ trading pairs. Base fee of 0.10% maker / 0.15% taker, with OKB token holders receiving up to 40% fee discounts.
Derivatives: OKX is the top exchange for BTC options by open interest, competing directly with Deribit. Perpetual and quarterly futures support up to 100× leverage across dozens of major assets.
Unified Account: A single margin pool covers all product types — spot, margin, futures, and options can share collateral seamlessly. This capital efficiency model is unique among major exchanges.
OKX Earn: Flexible savings, fixed-term deposits, dual investment products, and on-chain DeFi yield access through the OKX Web3 integration.
OKX has invested heavily in its Web3 offerings. The OKX Web3 Wallet is a non-custodial multi-chain wallet supporting 80+ blockchains and 10,000+ dApps. Unlike Binance's Web3 products, OKX's wallet is deeply integrated into both the mobile app and browser extension.
The OKX DEX aggregator routes trades across 400+ DEXs on 20+ chains, finding best execution for on-chain swaps. This positions OKX uniquely as both a CeFi exchange and a DeFi aggregator — users can access centralized liquidity and on-chain markets from a single app.
OKX NFT Marketplace and Launchpad complete the Web3 ecosystem, though traction here is lower than Binance's equivalents.
OKX holds a Virtual Asset Service Provider (VASP) license from Dubai's VARA authority — one of the most prestigious crypto licenses globally. It also holds licenses in the Bahamas (SCB) and Malta (MFSA), and operates under various EU frameworks.
The exchange is not available to US residents. In 2022, OKX's founder Star Xu was briefly detained by Chinese authorities, causing significant withdrawals. The incident highlighted geopolitical risks for exchanges with Chinese origins, though OKX maintained full operations throughout. Post-rebrand, OKX has actively pursued Western regulatory relationships.
OKX is the strongest alternative to Binance for active derivatives traders. Its unified account system, institutional-grade options market, and integrated Web3 wallet set it apart from most competitors. The absence from the US market limits its global reach, but for traders in Asia, Europe, and the Middle East, OKX offers best-in-class derivatives, competitive fees, and an increasingly capable DeFi integration layer.