What is OKX? When mentioning long-time traders will not only think of a simple cryptocurrency exchange but also one of the leading platforms worldwide. Possessing a variety of features and services, attracted the attention of many investors. Even OKX has made an impression on industry experts. So what do these experts say about OKX? Let’s explore Crypto trading through the article below!
Introduction and vision, mission
Born with the aim of providing users with the most perfect trading and investment services. With noble missions and broad visions, gradually asserting its position in the cryptocurrency market. So what is the origin and history?
The origin of What is OKX?
Initially, OKX was born under the name OKEx in 2013 by OK Group. It was not until 2017 that began to be set up and operated by a CEO – Founder of Star XU. In early 2022, OKEx officially changed its name to better approach the decentralized aspect. Until now, depending on each stage, the exchange has oriented its development and added new features.
In addition, focuses mainly on building its own Blockchain platform, cryptocurrency, multi-platform OKX Wallet … That is why OKX has overcome barriers related to the supervision of many regulatory agencies. Besides, opens up many new initiatives. And promises to bring users the most optimal experience.
Vision and mission
To be as successful as it is today, always have a specific vision and mission. Regarding the vision, cryptocurrency reshapes customers’ perceptions of money, the Internet financial system, and society. Most importantly, it will contribute to bringing freedom and dignity to each individual.
Regarding the mission, the system always cares about the team and continuously promotes and develops cryptocurrencies globally. At the same time, it empowers asset management for every individual in the world.
See more: OKX: open an OKX account – Reputable crypto exchange
What are the important factors that make up the name?
Operating according to the set vision and mission, widely popularized around the world. So do you know the important factors that make the name of What is OKX? One of the most prominent things to mention is:
OKX’s Outstanding Achievements
Outstanding track record in the cryptocurrency market. Although it has only been in operation for more than 8 years, its brand to more than 150 countries (statistics as of September 2023).
In addition, the exchange currently supports trading with over 300 cryptocurrencies and offers over 500 trading pairs across a wide range of portfolios. This diversity gives the exchange over 700 highly liquid trading pairs with a trading volume of over $370 million. Furthermore, an impressive list of derivatives trading with up to 236 pairs with a total daily trading volume of over $3.8 billion.
10 outstanding products of OKX exchange that are favored by traders
The next factor that cannot be ignored is the top 10 outstanding products. In Crypto, this is considered the top criterion to help traders evaluate whether the exchange is reputable and quality or not. Here is a summary of the 10 most unique trading products.
|
Trading products |
Characteristic |
| Spot Trading | supports over 300 tokens and offers over 533 trading pairs |
| Derivatives and Margin Trading | a flexible derivatives trading platform with a leverage of up to 125x. |
| Trading Bots | Range of trading bots from grid to arbitrage. Helping traders access automation for trading strategies |
| Earn | The “Earn” feature allows traders to receive attractive interest rates from deposits |
| Loan | Providing secured loans to investors |
| Jumpstart | Allows traders early access to potential projects before they are listed |
| OKB Chain and OKT Chain | 2 private blockchains for high security and performance |
| P2P Trading and Express Buy | Bringing convenience to users when buying and selling cryptocurrencies on OKX |
| Institutional Trading Tools | offers products and services exclusively for institutions |
| OKX NFT Marketplace and OKX Web3 Wallet | OKX Crypto Develops New Services Like Web3 Wallet and NFT Marketplace |
OKX Crypto Trading Fee Structure is Appropriate
Transaction costs are also an extremely important factor that helps traders have an objective view of the exchange. So what is the fee structure applied on What is OKX? According to reviews, the fees set on OKX are always lower than other Crypto exchanges.
|
Product |
Charges |
| Spot Trading | Fluctuation 0.10 – 0.15% |
| Futures Contract | Fluctuates from 0.02 – 0.05% |
| Margin trading | Calculated based on spot rate (with dependent borrowing fee) |
| Perpetual Swap và Option | The fee structure is applied on a tiered basis. |
| Deposit/Withdrawal Fees | Free (withdrawal in Fiat)
Other crypto withdrawal fees depend on the specific coin and chain |
OKX Review on Highlights
As mentioned above, OKX’s steady growth has attracted the attention of industry experts. So what do they think about the platform’s notable aspects?
OKX’s Compliance Status
The first is compliance with the law. The exchange not only implements measures against terrorism financing and money laundering but also strictly complies with global regulations. In particular, is more prestigious when classifying each type of cryptocurrency as an asset rather than calling it money or currency. That is why OKX is accepted to operate from a number of countries such as Belgium, Cuba, Iran, the United States, Japan, etc. In particular, it is necessary to mention the powerful VDA asset license so that the exchange can operate in Dubai.
Typical features of What is OKX?
Second, experts emphasize the features. They say that OKX has a diverse list of features with many core services to attract customers such as:
- Diversify different cryptocurrencies on the exchange with hundreds of cryptocurrencies with trading pairs.
- Supports P2P trading to buy/sell any of the 6 supported cryptocurrencies.
- Offers an intuitive, user-friendly interface.
- Traders can do more than just buy/sell assets with OKX Earn.
- Allows traders to identify and invest in many potential projects through Jumpstart.
- Support conversion and calculation tools without slippage.
- Decentralized diverse ecosystem. Including Web3, Wallet Marketplace, and Chain.
- Supports users to trade with the Bot effectively.
- Allow users to access data, and training with support from APIs.
OKX Exchange Interface and User Experience
The final aspect that experts rated outstanding about What is OKX ? is the interface and user experience on the exchange. Here, traders can experience all the features of web trading or the application available for both iOS and Android. Besides, setting up an account is also considered extremely easy. Especially in the “Learn” transaction, traders are provided with an extremely useful knowledge base. From instructions for beginners to in-depth content for experienced people… All for the purpose of bringing users the most seamless and perfect experience.
See more: Instructions for opening an OKX exchange account
Should you trade? Things to note when using What is OKX?
Through objective discussions and assessments, financial experts always encourage investors to trade. The professionalism of the team and the reputation and quality of the platform service will help you have the best experience. However, traders also need to pay attention to a few important things. That is to ensure the conditions for account registration and not have any other profiteering behavior.
Summary:
It can be said that OKX is what gives traders countless opportunities and trading benefits. Although there are still limitations that need to be improved, OKX is still a name worthy of honor. Hopefully, the above comprehensive review article will help readers better understand What is OKX. Thereby, helping traders easily access and explore many outstanding features of the exchange. If there are any questions that have not been answered, please leave a comment right below the Crypto Trading article. Our team will immediately answer for you.
FAQs:
What is OKX? Is it reputable?
Yes, OKX is a Crypto exchange that is rated 9/10 by Coingecko. This is an extremely impressive number that any Crypto exchange dreams of.
Does OKX support mobile app compatibility?
Yes, OKX supports apps for both iOS and Android. This allows users to access and make transactions anytime, anywhere.
Has OKX ever been hacked?
There have been no reported attacks. However, in 2018, there was an activity blocking withdrawals from the exchange to protect traders’ assets. After that, the withdrawal/deposit portal was reconnected.
