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OKX

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About OKX

What is OKX?

OKX is a cryptocurrency centralized exchange (CEX) and wallet platform established in the Seychelles, serving millions of customers worldwide. The exchange offers basic trading including spot and simple options, as well as derivatives including margins, futures, perpetual contracts and options. Other products include trading robots, block trading, OKX Earn (savings, stablecoins, DeFi, pledges, ETH 2.0, etc.), cryptocurrency loans and Jumpstart, the exchange's launch platform. OKX Wallet claims to be a "Web3 portal" offering cryptocurrency popular wallets, decentralized exchange (DEX), NFT marketplace and decentralized applications (DApp). The wallet supports over 30 networks, including major blockchains such as Bitcoin, Ether, BNB Chain, Solana, Polygon, Avalanche, Fantom and more. OKX also has its own native blockchain - OKX Chain with native token OKB, which allows creators and projects to deploy DApps and allows developers to use infrastructure such as OKX Oracle. In January 2022, OKEx changed its name to OKX, with a new brand and roadmap.

Who are the founders of OKX?

OKX (formerly OKEx) is a subsidiary of OKCoin, a subsidiary of OK Group. The company was founded in 2013 in China by Mingxing "Star" Xu, a Chinese entrepreneur. He holds a bachelor's degree in Applied Physics from the University of Science and Technology Beijing. OKX's current CEO is Jay Hao.

When did OKX launch?

The exchange (formerly known as OKEX) launched in 2017.

Where is OKX located?

The company is based in the Seychelles.

Countries with restricted access to OKX

The program is available in over 200 countries. However, residents of the United States are unable to use the platform's services.

What coins can OKX support?

There are more than 350 cryptocurrencies listed on the exchange, with more than 500 supported pairs. Tokens available on the platform include BTC, ETH, OKB, AAVE, SOL, MATIC, XRP, DOGE, SHIB and DOT.

What are the fees for OKX?

The exchange uses a pending order taking fee model. Trading fees on the platform start at 0.10% and decrease as the volume increases. For regular users, the fee depends on the number of OKBs (acoustic tokens) in the OKX ecosystem, while for premium users, the fee is calculated based on their 30-day trading volume.

Can I trade with leverage or margin on OKX?

OKX has a maximum leverage of 10x for margin trading. For derivatives, OKX offers up to 125x leverage on futures trading, swaps on perpetual contracts. In addition, traders can also leverage through crypto options, including BTC, ETH, etc.