OKX (formerly OKEx) Review, Usage Tips and Referral Benefits

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Table of Contents

Company

OKX is a Seychelles-based cryptocurrency exchange founded in 2017 that provides a platform for trading various cryptocurrencies.

Operating in over 190 countries, it provides spot and derivatives trading, staking, lending, and a decentralized finance (DeFi) ecosystem.

OKX is known for its strong focus on security, regulatory compliance, and transparency, including monthly Proof of Reserves reports.

Emphasizing innovation, OKX integrates Web3 technology, including a non-custodial wallet, NFT marketplace, and decentralized exchange (DEX).

Global Presence: OKX operates in over 190 countries, serving millions of customers.
Trading Volume: As of 2024, OKX ranks among the top cryptocurrency exchanges, with daily trading volumes exceeding billions of dollars.

Rebranding Initiative: In 2023, OKX rebranded from OKEx to streamline its brand identity and expand its global market presence.
Web3 Expansion: OKX launched a Web3 wallet and decentralized applications (dApps) support, integrating DeFi, NFTs, and a DEX aggregator into its ecosystem.
Strategic Partnerships: The company partnered with top sports teams and athletes, such as Manchester City FC, to increase brand visibility.

Headquarters and Operations: OKX has a regional office in Singapore, managing compliance, business development, and customer support for Southeast Asian markets.

Licensing Approval: In September 2024, OKX Singapore received a Major Payment Institution (MPI) license from MAS, enabling it to offer digital payment token services and cross-border money transfers.
Regulatory Compliance: As part of its licensing agreement, OKX follows Singapore’s Payment Services Act, ensuring adherence to anti-money laundering (AML) and know-your-customer (KYC) regulations.

Proof of Reserves: OKX publishes monthly Proof of Reserves (PoR) reports, allowing users to verify that their assets are fully backed.
Audit and Security Measures: The exchange undergoes regular third-party audits and uses multi-signature security protocols to protect user funds.

OKX offers a wide range of cryptocurrency-related services, including:

Trading Services: Supports spot trading, margin trading, futures, perpetual swaps, and options.
Earning Opportunities: Provides staking, lending, and savings products for users to earn passive income.
Web3 Features: Includes a non-custodial Web3 wallet, NFT marketplace, decentralized exchange (DEX), and launchpad for new projects.
Institutional Services: Offers API trading, high-frequency trading (HFT) tools, and customized liquidity solutions for institutional clients.

In late 2024, OKX introduced instant Singapore dollar (SGD) deposits and withdrawals via DBS Group’s PayNow and FAST payment systems, improving accessibility for Singaporean users.

Conveniently login with Google and Telegram accounts.

OKX is comparatively fast in listing meme altcoins, which might interest the punter and speculators.

Last updated on 20 Mar, 2025