OKX is a cryptocurrency exchange developed in 2017. Despite its relatively recent launch, the platform has a rich history in the crypto world.
Previously known as OKEx before rebranding in 2022, OKX was created by OK Group, a blockchain technology company. The exchange was established in Seychelles by CEO and founder Star Xu, who initiated the branch as part of the company's global expansion. The 2022 rebranding involved removing the "E" and capitalizing the "X" to signify a fresh identity.
While headquartered in Seychelles, OKX operates offices in Hong Kong, the UAE, Silicon Valley, and the Bahamas, serving users across 200+ countries—though notably excluding the U.S.
Since its inception, OKX has grown exponentially, becoming a top choice for traders. Currently, over 50 million users worldwide actively use the platform.
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OKX 24-Hour Trading Volume Statistics
OKX's daily trading volume saw an 11.38% decline from 2022 ($2.9 billion) to 2023 ($2.57 billion). However, 2024 shows promising recovery:
- 2022: $2.9 billion
- 2023: $2.57 billion
- 2024 (Q1): $2.2 billion
Despite the dip, OKX ranks as the 10th-largest crypto exchange globally by volume as of June 2024, with projections suggesting it will surpass 2023’s figures soon.
| Year | 24-Hour Trading Volume |
|---|---|
| 2022 | $2.9B |
| 2023 | $2.57B |
| 2024 (Q1) | $2.2B |
OKX Market Share Breakdown
OKX holds a 16% overall crypto market share (up from 11.8% in early 2023), with standout performance in derivatives trading:
- Spot Market: 7.5% (4th place)
- Derivatives Market: 19.4% (2nd place, trailing Binance)
OKX User Growth: 2023–2024
User numbers surged 150% year-over-year, reflecting rapid adoption:
- 2023: 20 million users
- 2024 (June): 50 million users
| Year | Active Users |
|---|---|
| 2023 | 20M |
| 2024 | 50M |
Spot vs. Derivatives Trading on OKX
Derivatives dominate OKX’s trading activity, comprising 90.8% of total volume in 2023, while spot trading accounted for 9.2%.
OKX Ventures and Future Plans
OKX Ventures, the exchange’s investment arm, has deployed $1 billion across 172 projects, including three as lead investor. Key 2024 initiatives include:
- Launching an AI-powered smart trading platform (planned for Q3 2024), poised to be the first CeFi entity with automated AI trading.
FAQs
Q1. Which cryptocurrencies have the highest trading volume on OKX?
Bitcoin, Ethereum, Tether, and Solana lead in trading activity.
Q2. How many cryptocurrencies are listed on OKX?
350+ tokens and 500+ trading pairs.
Q3. What are OKX’s trading fees?
- Maker fee: 0.08%
- Taker fee: 0.10%
Discounts apply based on OKB token holdings.
Q4. Is OKX secure?
Yes, with KYC, 2FA, SAFU Fund ($1B estimated), and Proof of Reserves.
Q5. Where is OKX available?
200+ countries, excluding the U.S.
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