Introduction to OKX
OKX, founded in 2017, is a leading cryptocurrency exchange service provider. Since its inception, the platform has amassed over 20 million users and expanded its digital asset investment offerings. These include:
- OKX Earn: A passive income tool for crypto staking, savings, and DeFi products.
- NFT Marketplace: A hub for trading NFTs and discovering decentralized applications (dApps).
- MetaX: OKX’s decentralized ecosystem featuring a cross-chain dashboard and self-custody Web3 wallet for NFTs and digital assets.
With 250+ listed digital assets, OKX ranks as the top platform for crypto futures trading and the second-largest spot trading exchange globally. In 2021, total trading volume (spot + derivatives) surged 700%, with executed trades increasing by 480%. Over $5.1 billion was deposited into OKX Earn, generating $314 million in passive income for users.
Founder Profile: Star Xu
Education and Career Journey
Education:
- B.Sc. in Physics, University of Science and Technology Beijing.
- M.Sc. (incomplete) in Mathematics, Renmin University of China. Co-authored an SCI paper on lattice properties of BaTiO₃.
Key Milestones:
- 2007: Co-founded DouDian (China’s early document-sharing platform) as CTO.
- 2013: Launched OKCoin, a Bitcoin trading platform, propelling him to industry prominence.
- 2015: Recognized among China’s Top 100 Innovative Entrepreneurs.
- 2018: Transitioned from OKEx CEO to strategic advisory roles.
Achievements and Legacy
- Led OKCoin/OKEx to global top 3 by daily trading volume ($4.8 billion peak).
Awards:
- 2014 China Innovation Growth Enterprise 100 (OKCoin).
- 2015 Virtual Currency Trading Platform Award (sole recipient).
OKX Development Timeline
| Year | Milestone |
|------|-----------|
| 2017 | Founded in Belize; launched crypto trading services. |
| 2018 | Introduced OKB utility token; relocated HQ to Malta. |
| 2020 | OKEx Chain (OEC) testnet released. |
| 2021 | Rebranded as “OuYi” (欧易) with a global mission. |
| 2022 | Renamed OKX, emphasizing decentralized finance (DeFi). |
Optimizing Trading Fees: Pro Tips
1. Binance Fee Reduction
- Standard fee: 0.1% per trade (deducted in the traded asset).
- Save 20%: Use invite code
Q022W7SCduring registration.
2. OKX Fee Tiers
Fees adjust based on:
- OKB holdings (regular users).
- 30-day trading volume (professional users).
- Max discount: 20% via official invite link or code
BTC1ETH.
3. FTX Discounts
- Rapidly growing for derivatives trading. Use partner links for lower fees.
FAQs
Q: How does OKX ensure security?
A: OKX employs cold storage, multi-signature wallets, and regular audits to protect user assets.
Q: What’s OKB’s utility?
A: OKB grants trading fee discounts, access to exclusive launches, and voting rights in ecosystem decisions.
Q: Can I trade NFTs on OKX?
A: Yes! OKX’s NFT marketplace supports cross-chain trading and Web3 wallet integration.
👉 Start Trading with Lower Fees
For deeper insights, join our trading community on Telegram: @btcethcool.
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