OKX is a cryptocurrency exchange that has a wide range of supported cryptocurrencies and allows users to bet their cryptos.
It is currently headquartered in the Seychelles, and it is the 18th largest crypto exchange in the world by trading volume, with over 20 million users in more than 100 countries worldwide.
OKX was founded by Star Xu (徐明星) in 2017,
OKX offers advanced charting, multiple order types, margin and futures trading, and competitive (though complex) trading fees, due to them.
The exchange supports over 340 cryptocurrencies, including major coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and OKB (the exchange’s own token).
OKX offers a direct way to buy cryptocurrencies through its “Buy Coins” interface on mobile or desktop, which allows users to buy with a linked bank account, debit card, credit card, or through a number of online payment methods such as Google and Apple Pay. OKX supports over 30 “fiat” currencies such as US Dollar (USD) and Turkish New Lira (TRY).
For active crypto traders, OKX offers access to a wide range of trading tools and options, as well as the ability to trade on margin.
U.S. residents cannot trade on OKX, but can purchase and trade crypto through its sister company, OKCoin.
The company changed its name from OKEx.com to OKX in January 2022.
In recent years, OKX has repeatedly faced serious fraud allegations and investigations.
There were also rumors that the founder was arrested by the Chinese authorities, which led to the suspension of withdrawals from the wallets for a few days.
Due to such serious compliance issues as well as the freezing of millions of accounts, we put OKX on our “Red Compliance” list.