OKX, recently crowned as the second-largest cryptocurrency exchange globally by spot and derivatives trading volume, announced a comprehensive rebranding today. This strategic shift mirrors the platform’s accelerated adoption of crypto innovations and its commitment to decentralization. Founded in 2017 as a crypto trading service, OKX now boasts over 20 million users and an expanded product suite, including:
- OKX Earn: A passive income tool for crypto holdings.
- NFT Marketplace: A hub for digital collectibles and decentralized applications.
- MetaX: A decentralized mode featuring a cross-chain dashboard and Web3.0 self-custody wallet for storing digital assets, including NFTs.
The rebrand from OKEx to OKX reflects the platform’s evolution beyond speculative trading, offering diverse wealth-creation opportunities. OKX’s mission is to democratize wealth-building by providing global access to decentralized assets and tools, emphasizing user autonomy.
👉 Discover OKX’s decentralized tools
Key Differentiators
- Decentralization Focus: Unlike centralized exchanges, OKX reduces corporate intermediation, empowering users with self-custody options.
- Product Diversity: Over 250 listed digital assets, with leading volumes in crypto derivatives and spot trading.
- Growth Metrics: In 2021, the platform saw 700%+ growth in total trading volume and 480%+ increase in executed trades.
FAQ Section
Q: What makes OKX unique among crypto exchanges?
A: OKX combines centralized efficiency with decentralized principles, offering tools like MetaX for full asset control.
Q: How does OKX Earn work?
A: Users deposit crypto to earn passive income via staking, savings, or DeFi products—generating over $314 million in payouts in 2021.
Q: Why did OKX drop the "E" from its name?
A: The change signifies its expansion beyond an "exchange" into a comprehensive crypto ecosystem.
👉 Explore OKX’s NFT marketplace
Market Position
OKX ranks #2 in global spot trading volume and dominates crypto derivatives. Its 2021 performance highlights:
- $5.1 billion+ deposited in OKX Earn.
- 700% surge in total trading volume.
By prioritizing decentralization and innovation, OKX is redefining the crypto landscape—one trade at a time.