OKX (formerly OKEx) is one of the largest crypto exchanges in the world, providing access to a wide range of trading instruments and opportunities in the crypto spot and crypto derivatives markets. Despite its success in trading crypto-assets and crypto-derivatives, this year the OKX team announced that it will focus on developing services for DeFi, NFT, GameFi and Web3 as part of its rebranding.
In addition, automatic trading for classic OKX Spot is available on the trading platform using it RevenueBot service, as well as trade OKX Futures perpetual contract (perpetual swap).
OKX, known until January 2022 as OKEx, is a new crypto market. It was one of the first to provide the crypto community with access to cryptocurrency derivatives, margin trading and trading bots.
OKX was founded in 2017 in Hong Kong by Chinese cryptocurrency entrepreneur Mingxing Xu, also known as Star Xu. With the first cryptocurrency derivative in the form of Bitcoin futures appearing at the end of 2017, OKX can quickly take the lead in this market due to the lack of high competition. However, in 2018, due to the stricter regulation of the crypto market in China and the direct ban on trading tokens issued as part of the ICO, the management of the trading platform decided to change the jurisdiction. Currently, OKX is headquartered in Seychelles, which is considered one of the best jurisdictions for cryptocurrencies and blockchain startups.
OKX is owned by Ok Group, which owns another popular trading platform, Okcoin, also founded by Mingxing Xu in 2013. OKX was initially launched as a complementary platform to Okcoin, but over time it has overtaken the former in terms of trading volume, supporting trading. instruments and assets in the listing.
In 2018, OKX was one of the first to release OKB Coin (OKB), a utility token for cryptocurrency commissions at a discount. OKB is also required to participate in tokensalуs on OKX, and can be staked to earn passive income on the OKX Get platform. Until the end of 2021, the trading platform mainly focused on developing trading tools for the crypto market, but in early 2022 the OKX team announced the rebranding and launch of the entire Web3 ecosystem.
In January, the trading platform changed its name from OKEx to OKX, noting that Ex (from the word Exchange) was used to represent the crypto-exchange’s ambition to become a leading crypto asset exchange. But in the past few years, the crypto market has moved away from just trading. The community now has access to DeFi-protocols, metaverse, NFT and many GameFi-projects that will be an integral part of the decentralized Web3 Internet of the future.
Today, the OKX team is developing a trading ecosystem that already has a multi-currency non-custodial OKX crypto wallet, an NFT market, OKC’s own blockchain, and various DeFi and GameFi tokens. You can do it too Automated digital asset trading in OKX, thanks to the RevenueBot service.