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OKX

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profiling and reasonable limits on exposure. In an interview with Bloomberg, OKX President Hong Fang said OKX will continue building banking relationships in Hong Kong and different jurisdictions. According to Fang, OKX's business strategy will focus on building technology and maintaining long-term consistency instead of short-term trading profit.
580:, China, OKX is now under a blanket ban by Chinese regulators. On October 13, 2021, it issued a "Notice on Regulatory Policy in Mainland China", announcing that it would continue its policy of "withdrawing from the Chinese mainland market" and would not establish an office or team in the region. However, according to 424:
In August 2023, Hong Kong began issuing licenses under a new system to regulate crypto exchanges offering trading in tokens like Bitcoin and Ethereum. OKX has reported it will apply for a license. OKX also partnered with CoinRoutes to provide clients with a full range of API-enabled trading services.
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On July 30, 2018, a trader reportedly bought bitcoin futures with a $ 416 million notional value on margin before being forced by the exchange to liquidate his position at a large loss. The exchange injected 2,500 Bitcoins—worth about $ 18 million at the time—into an insurance fund to help minimize
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is a global cryptocurrency spot and derivatives exchange and the second biggest crypto exchange by trading volume, serving over 50 million people globally. It was founded by Star Xu in 2017, who is also the CEO as of 2023. The President is Hong Fang and the CMO is Haider Rafique. OKX is owned by OK
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In February 2023, OKX, along with other exchanges, applied for licenses in Hong Kong. The licenses are a new requirement to operate in the city that go into effect in June. The new rulebook allows investors to trade larger tokens while offering safeguards like knowledge tests, appropriate risk
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In December 2022, The Bahamas Economic Affairs Minister Michael Halkitis announced that OKX plans to increase its staff in The Bahamas to roughly 100 employees over the next three years. OKX plans to use The Bahamas as a regional hub for investors within the Caribbean and
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In January 2023, OKX released its proof of reserves report showing it has the largest clean asset reserves of all large crypto exchanges. The cleanliness of assets is a metric developed by CryptoQuant to measure the reliance of an exchange on its native token.
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F1 Team's race cars and OKX supporting the McLaren Shadow esports team. OKX partnered with McLaren to race a "stealth mode" livery that switches McLaren’s usual colourway and augmenting black against their classic papaya trim for the 2023
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as a primary partner. In September of the same year, OKX and McLaren unveiled a cyberpunk-inspired livery by enhancing the iconic Fluro Papaya colorway with flourishes of pink and cyberpunk-inspired engine illustrations for the 2022
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signed OKX as its new top sponsor in June 2022. At Tribeca events, OKX holds exclusivity for non-fungible token (NFT) marketplaces, cryptocurrency exchanges, usage of social tokens, and De-Fi and Game Fi trading categories.
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the impact on clients. However, to cover for the outstanding amount, traders who had made an unrealized profit during the previous week still had to pay a clawback rate of 17 percent, the so-called "socialized clawback".
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On October 16, 2020 OKX temporarily suspended withdrawals as the founder cooperated with a police investigation. On November 19, 2020 OKX announced that withdrawals would reopen and will resume on or before November 27.
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In June 2018, the platform became one of the largest exchanges to launch and offer a cryptocurrency exchange white label service, where applicants must have solid industry experience and $ 2.5 million in their accounts.
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and has since announced plans to build out its European hub in Paris. In April 2023, OKX enabled the viewing and transfer of Bitcoin Ordinals (NFTs with data such as images or videos attached) within the OKX wallet.
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In April 2023, OKX joined Copper's ClearLoop Platform, allowing Copper's clients to trade on the OKX exchange while their digital assets remain within Copper’s infrastructure. In April 2023, OKX incorporated in
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to endorse a new fan offering based on exclusive ‘immersive metaverse experiences’ for the rest of the season. In July 2023, OKX signed a new deal reportedly worth £55 million over three years to replace
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In March 2023, OKX applied for a virtual asset license in Hong Kong, two months before the city officially made crypto trading fully legal. OKX also announced plans to open an office in Australia.
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again in 2023. In 2023, OKX created a "Tribeca Festival NFT Pass" and an "NFT Lab" for attendees. The "NFT Lab" allows people to mint their own NFTs and make an NFT for free using generative AI.
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In September 2023, OKX published its eleventh Proof of Reserve (PoR) report. The report shows the exchange holds a BTC reserve ratio of 102%. It also discloses the collateralization ratios for
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Grands Prix. The sponsorship deal was expanded in March 2023, making OKX an official primary partner of McLaren. The expanded deal includes increased branding presence on the
1940: 20: 828: 588:, it still has a large number of R&D staff working in the region, including engineers, who continue to work for OKX in the form of third-party outsourcing companies. 3449: 1758: 1576: 1420: 1383: 884: 1706: 1128: 332:
On November 19, 2019, the cryptocurrency exchange said that they previously opened their Indian Telegram group a year before opening their Indian operations.
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In March 2018, some major cryptocurrency exchanges were said to be charging up to one million dollars to have their tokens listed. In response to
1993: 971: 769: 938: 1854: 687: 1155:"Bitcoin Daily: Singapore Blockchain Firm To Boost Philippine Startups With $ 300K Fund; OKEx Crypto Exchange Lands New Partners For OKB Coin" 3329: 714:"Malta's Authorities Remain Committed to Making Country a "Blockchain Island," Despite Binance and Other Crypto Exchanges Not Being Licensed" 2253: 1654: 456:
announced a partnership with OKX as their official cryptocurrency partner and later in July, as the training kit sponsor for the men's and
329:, OKX said they do not expect to see many exchanges opting into the new regulations, but said the new rules are positive for the industry. 1274: 425:
The CoinRoutes interface measures trading performance using algorithms, market data, and a proprietary transaction cost analysis feature.
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OKX debuted a multi-million dollar brand campaign in September 2022. The "What is OKX?" campaign featured professional football manager
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According to Reuters, in February 2021 OKX saw its biggest trading volume in history, up 26% from the previous month to $ 188 billion.
1828: 1809: 2104: 3339: 1783: 1447:"Cryptocurrency exchange OKX to apply for virtual asset licence in Hong Kong as city overhauls regulations South China Morning Post" 322: 2034: 418:-backed regulated settlement and custody system that offers 24/7 trading. OKX received a license to offer spot trading in Dubai. 2078: 2745: 2355: 1732:"OKX Proof of Reserves Ranked Highest Quality Among Major Exchanges as 11th Consecutive Monthly Reserves Report is Published" 2278: 1352:"Latest Crypto News: OKX Proof-Of-Reserves Report Shows $ 7.5 Billion, Crypto Leading Firm Genesis Planning For Bankruptcy" 1326: 3319: 2750: 1248: 862: 742: 2796: 2455: 258:
since 2022 and holds exclusivity for non-fungible token (NFT) marketplaces, cryptocurrency exchanges at Tribeca events.
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In January 2022, OKEx rebranded to OKX. In March 2022, OKX rejected calls to ban Russian crypto trading.
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On November 25, 2019, the company announced four major partners for its global utility token "OKB".
3155: 2908: 2840: 1180: 2959: 2913: 2464: 2435: 2415: 2235: 2130:"Crypto exchanges are charging up to $ 1 million per ICO to list tokens: 'It's pure capitalism'" 3216: 2697: 2425: 2420: 802: 777: 3374: 3324: 3304: 3160: 3140: 3110: 2835: 2830: 2811: 2568: 536: 517: 372:, which would allow OKX to provide access to some products and services to investors in the 255: 2185: 2060:"Crypto exchange OKX hints at Super Bowl plans as it launches its first global ad campaign" 854: 3344: 3294: 3105: 1208: 415: 584:, although the exchange officially announced that it would no longer set up an office in 179:
Group, which also owns the crypto exchange Okcoin. As of August 2024, OKX is Top 3 Spot
3170: 3100: 3050: 2954: 2731: 2702: 2474: 2469: 2440: 2371: 2309: 2163: 606: 585: 477: 231: 199: 3433: 3223: 2489: 2479: 569:, a PR manager for OKX denied this, saying there are no listing fees for any tokens. 532: 473: 469: 421:
In July 2023, OKX's offshore market share rose to 11%, nearly doubling from January.
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The company was launched by Star Xu in 2017. It is a global company with offices in
2626: 2513: 2134: 566: 540: 638:"Digital currencies and the virtual currency in the sense of financial regulation" 3369: 3258: 3130: 2994: 1603:"OKX crypto exchange to be operational in Dubai within the year, says executive" 903:"OKX crypto exchange to be operational in Dubai within the year, says executive" 284: 211: 2217: 1473:"Crypto Custodian Copper Partners With OKX to Provide Off-Exchange Settlements" 3289: 3180: 3125: 3012: 2964: 2890: 2592: 2587: 2385: 2109:
Sports Illustrated Golf: News, Scores, Equipment, Instruction, Travel, Courses
2105:"Ian Poulter's LIV Golf Team Secures Sponsorship With Crypto Exchange Company" 1402:"Crypto exchanges Huobi, OKX to apply for Hong Kong licences under new regime" 611: 482: 346: 299: 81: 1880:"McLaren Racing announces OKX as a Primary Partner of McLaren Formula 1 Team" 1759:"Manchester City Announces Multimillion-Dollar Deal With Crypto Exchange OKX" 1681:"OKX's institutional clients can now trade via CoinRoutes for best execution" 953:"Cryptocurrency exchange OKX to apply for virtual asset licence in Hong Kong" 781: 3120: 3022: 2949: 2855: 2707: 276: 272: 239: 235: 227: 203: 2020:"Tribeca Festival 2022 Sets Crypto Platform OKX As New Presenting Sponsor" 998:"Tribeca Festival 2022 Sets Crypto Platform OKX As New Presenting Sponsor" 298:, given the country's efforts to provide a sound regulatory framework for 3115: 3095: 3075: 3065: 3060: 2984: 2944: 2923: 2786: 2766: 2760: 2740: 2717: 2687: 2617: 2607: 2602: 2562: 2553: 2538: 2533: 2528: 2430: 554: 441: 433: 349:, and other Chinese Internet platforms blocked keywords such as "OKEx", " 195: 141: 1384:"OKX's February Proof-of-Reserves Report Shows $ 8.6B in 'Clean Assets'" 1366:"OKX's February Proof-of-Reserves Report Shows $ 8.6B in 'Clean Assets'" 3263: 3228: 3185: 3080: 3055: 3027: 2801: 2543: 2508: 1994:"Tribeca Festival Signs Crypto Trading Desk OKX as Its New Top Sponsor" 1905:"OKX and McLaren Racing Unveil Cyberpunk-Inspired "Future Mode" Livery" 1629:"Binance's Lead in Offshore Market Share Shrinks as Rivals Gain Ground" 1327:"Crypto exchange OKX looking to increase staff to 100 over three years" 1185: 1105: 972:"Tribeca Festival Signs Crypto Trading Desk OKX as Its New Top Sponsor" 770:"Tribeca Festival Signs Crypto Trading Desk OKX as Its New Top Sponsor" 577: 502: 489: 429: 350: 326: 247: 191: 137: 1923:"McLaren Racing announces expansion with Official Primary Partner OKX" 1499:"Crypto Exchange OKX Sets Up Shop in Paris, Seeks Regulatory Approval" 939:"Cryptocurrency firm agrees to move to downtown San Jose office tower" 829:"Squid Game's star cast-promoted Klaycity to list crypto token on OKX" 3238: 3165: 3085: 3070: 3017: 2821: 2755: 2647: 2597: 2578: 2254:"Exclusive: OKEx Suspends Cryptocurrency Withdrawals - Caixin Global" 1784:"Manchester City sign 'multimillion dollar' OKX crypto exchange deal" 581: 408: 400: 223: 215: 1577:"OKX Chooses Nomura-Backed Crypto Storage Firm Komainu as Custodian" 414:
In June 2023, OKX became the first client to use Komainu Connect, a
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Robertson, Benjamin; Tan, Andrea; Nakamura, Yuki (August 3, 2018).
1855:"Manchester City upgrade OKX deal with 'UK£55m' sleeve partnership" 1829:"OKX adds new 'metaverse experiences' offering to City sponsorship" 1101:"OSL leaps on new Hong Kong rules with crypto exchange license bid" 543:. The campaign’s focus was to expand awareness of OKX beyond Asia. 3268: 3206: 3190: 3150: 3135: 3090: 2806: 2631: 2499: 1050:"OKEx CEO Resigns Just as Crypto Exchange Becomes World's Biggest" 369: 368:
In July 2022, OKX received a provisional virtual asset license in
354: 342: 295: 219: 2159:"Bitcoin Whale's Bad Trade Leaves Counterparties Holding the Bag" 1301:"Crypto Exchange OKX Gets Dubai License, Set to Open Hub in City" 2523: 2445: 2305:"Chinese Crypto Mogul Emerges After Probe That Forced OKEx Halt" 2079:"OKX Aims for Awareness in Global Cryptocurrency Brand Campaign" 2035:"Why crypto company OKX is sponsoring the Tribeca Film Festival" 2344: 1024:"Another Giant Cryptocurrency Exchange Is Moving To Tiny Malta" 803:"OKEx Review: Pros, Cons, and More | The Ascent by Motley Fool" 325:(SFC) announced new digital asset exchange rules. According to 3211: 2781: 2218:"OKEx Announces Maintaining "Exit from Mainland China" Policy" 1941:"McLaren unveil 'Stealth Mode' livery for Singapore and Japan" 407:
In May 2023, OKX announced that it plans to open an office in
885:"OKX Aims to Build Brand Trust Through Responsible Messaging" 1525:"With New Ad, OKX CMO Outlines Plan to Rebuild Crypto Trust" 1075:"OKEx to Launch Cryptocurrency Exchange White Label Service" 1421:"Hong Kong Lets Retail Investors Trade Crypto in New Rules" 488:
In May 2022, OKX signed a multi-year sponsorship deal with
1968:"McLaren reveals F1 livery change for Singapore and Japan" 294:
On April 11, 2018, the company announced its expansion to
242:. OKX has partnerships with brands and sports teams like 1129:"Telegram takes off in India as startups drive adoption" 2303:
Joanna Ossinger and Zheping Huang (November 19, 2020).
1655:"Why Hong Kong Wants to Be a Hub for the Crypto Sector" 1223:"OKEx Rebrands To OKX, Expands Into Financial Services" 162: 2333: 1209:"Baidu, Weibo block keywords "Binance" "Huobi" "OKEx"" 1181:"Cryptocurrency trading volumes spike 17% in February" 1810:"OKX becomes Training Kit Partner of Manchester City" 460:. In February 2023, OKX announced a partnership with 202:. It currently operates in global markets including 3277: 3251: 3199: 3041: 3003: 2932: 2889: 2820: 2730: 2680: 2656: 2640: 2616: 2577: 2552: 2498: 2488: 2454: 2378: 2236:"Huobi to stop trading for users in mainland China" 1550:"OKX to Expand Global Presence with Türkiye Office" 921:"OKX to Expand Global Presence with Türkiye Office" 157: 147: 129: 98: 88: 76: 68: 60: 52: 42: 21:
Stereogum Presents... OKX: A Tribute to OK Computer
2279:"China's OKEx suspends cryptocurrency withdrawals" 1249:"OKX rebrands as cross-platform services provider" 553:In June 2023, OKX signed a sponsorship deal with 2200:"China bans virtual currency trading altogether" 1211:. International Financial Times. June 10, 2021. 485:as Manchester City's new shirt sleeve sponsor. 2188:. China Securities Journal. November 23, 2019. 737: 735: 692:Financial and Business News | Finance Magnates 688:"OKX Receives License for Operations in Dubai" 116:Tim Byun (Global Government Relations Officer) 2356: 2186:"China hits hard on virtual currency trading" 8: 557:team Majesticks GC through the 2024 season. 310:In May 2018, OKX became the world's largest 28: 1275:"Binance, OKX Reject Ban on Russian Crypto" 3412: 3196: 2495: 2363: 2349: 2341: 2204:National Development and Reform Commission 190:OKX is a platform where investors can buy 34: 27: 1827:Glendinning, Matthew (February 2, 2023). 1966:Kalinauckas, Alex (September 13, 2023). 302:businesses and digital asset exchanges. 3450:Internet properties established in 2017 628: 2077:Lepitak, Stephen (September 8, 2022). 1325:McKenzie, Natario (December 7, 2022). 3330:Decentralized autonomous organization 7: 3400: 1653:Droulers, Annabelle (July 5, 2023). 865:from the original on August 23, 2024 187:with a Spot Exchange Score of 7.8. 2317:from the original on June 26, 2021. 855:"Top Cryptocurrency Spot Exchanges" 1299:Al-Rashdan, Leen (July 14, 2022). 650:from the original on May 24, 2021. 16:Seychelles cryptocurrency exchange 14: 3340:Distributed ledger technology law 1523:Lepitak, Stephen (May 10, 2023). 743:"OKX on Business Expansion Plans" 323:Securities and Futures Commission 3411: 3399: 3388: 3387: 2018:Goldsmith, Jill (June 1, 2022). 1992:Coffee, Patrick (June 1, 2022). 1707:"OKX and CoinRoutes Join Forces" 1705:Kirui, Jared (August 17, 2023). 1679:Steves, Rick (August 18, 2023). 996:Goldsmith, Jill (June 1, 2022). 970:Coffee, Patrick (June 1, 2022). 768:Coffee, Patrick (June 1, 2022). 602:List of cryptocurrency exchanges 546:OKX has also partnered with the 321:In November 2019, the Hong Kong 1497:Nicolle, Emily (May 23, 2023). 136:, NFT Marketplace, OKX Wallet, 19:For the compilation album, see 2033:Swant, Marty (June 14, 2023). 1601:Ortiz, Jenny (June 23, 2023). 1022:Tan, Andrea (April 12, 2018). 119:Lennix Lai (Managing Director) 1: 1627:Yang, Yueqi (July 18, 2023). 1575:Allison, Ian (June 6, 2023). 1471:Canny, Will (April 3, 2023). 1419:Wong, Kiuyan (May 23, 2023). 2103:Harig, Bob (June 21, 2023). 2401:Cryptographic hash function 1711:Financial and Business News 1581:markets.businessinsider.com 1445:Pan, Che (March 29, 2023). 1388:markets.businessinsider.com 576:Initially headquartered in 561:Criticism and controversies 448:Sponsorship and advertising 361:2022–2023: Recent expansion 3466: 3445:Digital currency exchanges 1853:Sim, Josh (July 3, 2023). 1048:Lam, Eric (May 14, 2018). 306:2018–2021: Exchange growth 183:in the world according to 18: 3383: 3360:Initial exchange offering 3335:Decentralized application 3315:Cryptocurrency in Nigeria 617:List of Bitcoin companies 33: 3365:List of cryptocurrencies 3252:Crypto service companies 3043:Cryptocurrency exchanges 1451:South China Morning Post 1406:South China Morning Post 1273:PYMNTS (March 2, 2022). 957:South China Morning Post 539:and Olympic snowboarder 267:2017: Company beginnings 254:. OKX has sponsored the 643:The Wall Street Journal 548:Australian Olympic Team 312:cryptocurrency exchange 252:Australian Olympic Team 181:Cryptocurrency exchange 134:Cryptocurrency Exchange 3300:Complementary currency 2406:Decentralized exchange 2391:Cryptocurrency tumbler 524:OKX is sponsoring the 411:in the coming months. 314:by reported turnover. 47:Privately held company 3355:Initial coin offering 3310:Cryptocurrency bubble 2841:Basic Attention Token 2411:Decentralized finance 2396:Cryptocurrency wallet 2206:. September 27, 2021. 1911:. September 27, 2022. 891:. September 27, 2022. 526:Tribeca Film Festival 256:Tribeca Film Festival 218:. OKX has offices in 122:Hong Fang (President) 3350:Environmental impact 3320:Cryptocurrency scams 2258:www.caixinglobal.com 2066:. September 8, 2022. 1947:. September 13, 2023 1738:. September 26, 2023 1408:. February 21, 2023. 1372:. February 20, 2023. 374:United Arab Emirates 208:United Arab Emirates 113:Haider Rafique (CMO) 3005:Inactive currencies 2242:. December 7, 2021. 2224:. October 13, 2021. 1354:. January 19, 2023. 1161:. November 25, 2019 1135:. November 19, 2019 774:Wall Street Journal 535:, Formula 1 driver 512:Japanese Grand Prix 149:Number of employees 30: 2465:Proof of authority 2436:Non-fungible token 2416:Distributed ledger 1972:www.motorsport.com 1814:Manchester City FC 1757:Birnbaum, Justin. 1229:. January 18, 2022 1109:. November 7, 2019 718:Crowd Fund Insider 661:Birnbaum, Justin. 153:2,000+ (2022) 3440:Bitcoin exchanges 3427: 3426: 3247: 3246: 2726: 2725: 2426:Lightning Network 1929:. March 30, 2023. 959:. March 28, 2023. 941:. 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June 15, 2023 686: 685: 681: 671: 669: 660: 659: 655: 635: 634: 630: 625: 598: 563: 462:Manchester City 454:Manchester City 452:In March 2022, 450: 363: 308: 269: 264: 244:Manchester City 161: 150: 125: 101: 91: 84: 24: 17: 12: 11: 5: 3463: 3461: 3453: 3452: 3447: 3442: 3432: 3431: 3425: 3424: 3422: 3421: 3409: 3397: 3384: 3381: 3380: 3378: 3377: 3372: 3367: 3362: 3357: 3352: 3347: 3342: 3337: 3332: 3327: 3322: 3317: 3312: 3307: 3302: 3297: 3292: 3287: 3281: 3279: 3278:Related topics 3275: 3274: 3272: 3271: 3266: 3261: 3255: 3253: 3249: 3248: 3245: 3244: 3242: 3241: 3236: 3231: 3226: 3221: 3220: 3219: 3209: 3203: 3201: 3194: 3193: 3188: 3183: 3178: 3173: 3168: 3163: 3158: 3153: 3148: 3143: 3138: 3133: 3128: 3123: 3118: 3113: 3108: 3103: 3098: 3093: 3088: 3083: 3078: 3073: 3068: 3063: 3058: 3053: 3047: 3045: 3039: 3038: 3036: 3035: 3030: 3025: 3020: 3015: 3009: 3007: 3001: 3000: 2998: 2997: 2992: 2987: 2982: 2977: 2972: 2967: 2962: 2957: 2952: 2947: 2942: 2936: 2934: 2930: 2929: 2927: 2926: 2921: 2916: 2911: 2906: 2901: 2895: 2893: 2887: 2886: 2884: 2883: 2878: 2873: 2868: 2863: 2858: 2853: 2848: 2843: 2838: 2833: 2827: 2825: 2818: 2817: 2815: 2814: 2809: 2804: 2799: 2794: 2789: 2784: 2779: 2774: 2769: 2764: 2758: 2753: 2748: 2743: 2737: 2735: 2732:Proof of stake 2728: 2727: 2724: 2723: 2721: 2720: 2715: 2710: 2705: 2703:Nervos Network 2700: 2695: 2690: 2684: 2682: 2678: 2677: 2675: 2674: 2669: 2663: 2661: 2654: 2653: 2651: 2650: 2644: 2642: 2638: 2637: 2635: 2634: 2629: 2623: 2621: 2614: 2613: 2611: 2610: 2605: 2600: 2595: 2590: 2584: 2582: 2575: 2574: 2572: 2571: 2566: 2559: 2557: 2550: 2549: 2547: 2546: 2541: 2536: 2531: 2526: 2521: 2516: 2511: 2505: 2503: 2493: 2486: 2485: 2483: 2482: 2477: 2475:Proof of stake 2472: 2470:Proof of space 2467: 2461: 2459: 2452: 2451: 2449: 2448: 2443: 2441:Smart contract 2438: 2433: 2428: 2423: 2418: 2413: 2408: 2403: 2398: 2393: 2388: 2382: 2380: 2376: 2375: 2370: 2368: 2367: 2360: 2353: 2345: 2339: 2338: 2327: 2326:External links 2324: 2321: 2320: 2310:Bloomberg News 2295: 2270: 2245: 2227: 2222:Interface News 2209: 2191: 2177: 2164:Bloomberg News 2149: 2138:March 12, 2018 2121: 2095: 2069: 2051: 2025: 2010: 1984: 1958: 1932: 1914: 1896: 1884:McLaren Racing 1871: 1845: 1819: 1801: 1775: 1749: 1723: 1697: 1671: 1645: 1619: 1593: 1567: 1541: 1515: 1489: 1463: 1437: 1411: 1393: 1375: 1357: 1343: 1317: 1291: 1279:www.pymnts.com 1265: 1240: 1214: 1200: 1172: 1146: 1120: 1092: 1066: 1040: 1014: 988: 962: 944: 930: 927:. 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