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OKX is a cryptocurrency exchange and derivatives trading platform based in Seychelles. It offers spot trading, futures contracts, and options trading.


OKXOKX (formerly known as OKEx), also known as Ou Yi in Chinese, is a cryptocurrency and derivatives exchange based in Seychelles. It provides a platform for trading various instruments, including spot and derivatives. Some of the core features of the exchange include spot and derivatives trading. OKX was founded by Xu Mingxing in 2017 and is owned by the OK Group, which also owns the cryptocurrency exchange OKCoi. It does not serve investors from the United States. The CEO of the company is Jay Hao, and the CMO is Haider Rafique.

Initially headquartered in Beijing, China, OKX is now completely banned by Chinese regulatory authorities. On October 13, 2021, it issued a notice regarding regulatory policies in mainland China, announcing its policy to continue "exiting the mainland China market" and not establishing offices or teams in the region. However, according to Caixin report, despite officially announcing the discontinuation of offices in mainland China, the exchange still has a significant number of R&D personnel, including engineers, working in the region as third-party contractors for OKX.

Company History: Founded in 2017 by Xu Mingxing, the company is based in Seychelles.


On April 11, 2018, recognizing Malta's efforts in providing a comprehensive regulatory framework for blockchain businesses and digital asset exchanges, the company announced its expansion of operations to Malta. In May 2018, the exchange became the world's largest cryptocurrency exchange by reported turnover. In June 2018, the platform became one of the largest exchanges to launch and offer cryptocurrency exchange white-label services, requiring applicants to have solid industry experience and a $2.5 million account.


In November 2019, the Securities and Futures Commission (SFC) of Hong Kong announced new rules for digital asset exchanges. OKX stated that they expected limited exchange choices to join the new regulations but viewed them positively for the industry, according to Reuters. On November 19, 2019, the cryptocurrency exchange revealed that they had opened an Indian Telegram group a year before establishing their business in India. On November 25, 2019, the company announced four major partners for its global utility token, "OKB."



According to Reuters, in February 2021, OKX experienced the highest trading volume in its history, growing by 26% from the previous month to reach $188 billion. Typically, after a new cryptocurrency coin is listed on OKX, positive price jumps have been observed within five days.

In June 2021, keywords such as "OKEx," "Binance," and "Huobi" were blocked by Baidu, Weibo, and other Chinese internet platforms.


In January 2022, OKEx rebranded as OKX. In March 2022, OKX refused calls to ban cryptocurrency trading in Russia. During the same month, the football team Manchester City F.C. announced a partnership with OKX as their official cryptocurrency partner. In May 2022, OKX signed a sponsorship agreement with McLaren, becoming a major partner.

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