Introduction
OKX, established in 2017, is a leading cryptocurrency exchange service provider. Over the years, it has amassed over 20 million users and expanded its digital asset investment portfolio. Key offerings include:
- OKX Earn: Tools for passive crypto income generation.
- NFT Marketplace: A platform for trading NFTs and discovering decentralized applications.
- MetaX: OKX's decentralized model featuring cross-chain dashboards and a self-custody Web3.0 wallet for NFTs and other digital assets.
The platform lists 250+ digital assets and consistently ranks #1 in crypto futures trading volume. Recently, it became the second-largest global spot trading platform. In 2021, OKX saw a 700%+ growth in total trading volume (including spot and derivatives) and a 480%+ increase in executed trades. Users deposited $5.1 billion+** via OKX Earn, earning **$314 million+ in passive income.
Founder Profile: Star Xu
Star Xu is the founder of OKEX (now OKX). A graduate of Renmin University of China (Physics), Xu's entrepreneurial journey began during China's e-commerce boom. After an initial startup failure, he worked briefly at Yahoo China and later joined Douding Wang as CTO.
In 2013, inspired by Bitcoin's rise, Xu launched OKCoin, a Bitcoin trading platform, which catapulted him to fame.
Academic & Professional Milestones:
- 2005: Graduated from Renmin University; dropped out of a master's program in Mathematics.
- 2007: Co-founded Douding Wang as CTO.
- 2013: Launched OKCoin as CEO.
- 2015: Recognized as one of China’s Top 100 Innovative Talents in brand building.
- 2022: OKEx rebranded to OKX under his leadership.
Achievements:
- Led OKX to global top 3 in daily trading volume (~$4.8 billion).
- Awards include 2014 China Annual Innovation Growth Enterprise 100 and 2015 Virtual Currency Trading Service Platform Award.
OKX Development Timeline
- 2017: Founded in Belize.
- 2018: Launched OKB token; relocated HQ to Malta.
- 2020: Testnet for OKEx Chain (OEC) went live.
- 2021: Adopted the Chinese name 欧易 (Ou Yi) and unveiled global expansion plans.
- 2022: Rebranded to OKX.
Reducing Trading Fees: Pro Tips
Frequent trading can lead to $10,000+ annually in fees. Here’s how to cut costs:
Binance Fee Discounts
- Standard fee: 0.1% per trade.
- Discount: Use referral code "Q022W7SC" to lower fees.
OKX Fee Structure
Fees vary by user level (Normal vs. Pro) based on:
- OKB holdings (Normal users).
- 30-day trading volume (Pro users).
Max discount: 20% via:
- Referral links.
- Invitation code "BTC1ETH".
FTX Fee Savings
- Use official referral links to reduce costs.
FAQs
1. How secure is OKX?
OKX employs cold storage for 95% of assets and utilizes multi-signature wallets to enhance security.
2. Can I trade NFTs on OKX?
Yes! OKX’s NFT marketplace supports cross-chain trading and offers a low-fee structure.
3. What’s the minimum deposit for OKX Earn?
No minimum! Users can start staking with any amount.
4. Why did OKEx rebrand to OKX?
The rebrand reflects its evolution into a comprehensive Web3 ecosystem beyond just exchanges.
5. How does MetaX work?
MetaX integrates DeFi tools, allowing users to manage NFTs and tokens across multiple blockchains via one interface.