OKX
Overall score 10.0SpotDerivativesLAUNCHPADC2C
OKX is a leading global cryptocurrency exchange offering diverse trading options, advanced security, and Web3 integration for millions of users worldwide.
01
Proof of Reserves (PoR)
On-chain verified
USDTUSDT
On-chain reserves8.84B
BTCBTC
On-chain reserves7.91B
WETHWETHOn-chain reserves2.45B
USDCUSDCOn-chain reserves857.04M
OKX’s Proof of Reserves (PoR) is primarily composed of USDT, BTC, and ETH, which together account for over 83% of its total reserves; the remainder consists of USDC and various altcoins. The overall reserve value amounts to approximately $27.185 billion. Given the high proportion of stablecoins in its asset portfolio, and the absence of any data regarding user deposits on the liability side, it is not possible to directly calculate the reserve adequacy ratio. The primary risks lie in the lack of third-party audit verification and on-chain address mapping, which prevents confirmation whether the assets have been misused or if there is excessive debt, thereby posing potential liquidity mismatch risks.
03
Trading Pairs
Liquidity · Depth
| # | Pair | Type | Price | 24H change | 24H volume | Depth ±2%Cumulative order book depth within ±2% of mid price; higher means less slippage. | Funding ratePeriodic funding between longs and shorts to anchor perpetual price to spot; positive means longs pay shorts. |
|---|---|---|---|---|---|---|---|
| 1 |  ETH / USDTFutures · Perpetual | PERP | $2,033.21 | -1.27% | $9.97B | -- | +0.0040% |
| 2 |  BTC / USDTFutures · Perpetual | PERP | $67,890.3 | -0.08% | $6.71B | -- | +0.0030% |
| 3 |  SOL / USDTFutures · Perpetual | PERP | $87.43 | -0.16% | $962.21M | -- | -0.0010% |
| 4 | BTC / USDFutures · Perpetual | PERP | $67,890.3 | -0.10% | $659.73M | -- | -0.0100% |
| 5 |  DOGE / USDTFutures · Perpetual | PERP | $0.09818 | -1.64% | $443.47M | -- | +0.0080% |
| 6 | ETH / USDFutures · Perpetual | PERP | $2,030.95 | -1.14% | $401.6M | -- | -0.0050% |
| 7 |  XRP / USDTFutures · Perpetual | PERP | $1.42 | -1.44% | $328.35M | -- | +0.0060% |
| 8 |  PIPPIN / USDTFutures · Perpetual | PERP | $0.6969 | -16.77% | $302.44M | -- | +0.0050% |
| 9 |  PEPE / USDTFutures · Perpetual | PERP | $0.0₅3871 | -3.73% | $199.6M | -- | +0.0020% |
| 10 |  RIVER / USDTFutures · Perpetual | PERP | $10.59 | +6.02% | $180.67M | -- | +0.0120% |
04
OKB · Platform Token
OKB · OKB
Platform Token
$86.18-0.21% (24H)
May 6Aug 3
05
Listings / Delistings
Track listingsNew listings (Top 8 performance)
First day
No listing records
90D Listings--
Avg First-Day Gain0.00%
7D Positive Retention0.00%
Delistings / warnings
Liquidity removalsNo delisting records
90D Delistings0
Main Cause · Liquidity0.00%
Main Cause · Compliance0.00%
06
Regulatory Landscape
Global License MapAE
United Arab Emirates (Dubai VARA)
Full LicenseVARA Full Market Product License · 2024
It obtained the Full Market Product license from the Dubai Virtual Assets Regulatory Authority (VARA) in 2024, becoming a core licensed entity for its global platform, enabling it to offer comprehensive services such as spot and derivatives products to users in Dubai and around the world.
HK
Hong Kong (SFC)
LicensedSFC VASP License · Approved in June 2024
In June 2024, it obtained a VASP license from the Securities and Futures Commission (SFC) of Hong Kong, enabling it to provide compliant cryptocurrency trading services to retail investors in Hong Kong, including spot trading and certain approved tokens.
EU
European Union (MiCA)
In TransitionRetain the proper nouns/institutional abbreviations/websites/dates as they are (such as ADGM FSRA, MiCA, CIMA, binance.com):
Its predecessor, OKCoin Europe, holds a Maltese MiFID II license and is applying for CASP authorization under the MiCA transition period; there is uncertainty regarding services for EU users until the end of the transition period.
SC
Seychelles
JurisdictionSeychelles · Aux Cayes FinTech Co. Ltd.
The operating entity, Aux Cayes FinTech Co. Ltd., is registered in Seychelles. The regulatory framework for crypto exchanges in the Seychelles FSA is limited, and registration does not equate to a substantive regulatory license.
US
United States
ProhibitedGeographic Blockade · No Services Provided to U.S. Users
OKX imposes a geographical block on U.S. users and does not hold relevant licenses from the CFTC/SEC/FinCEN; the U.S. market is currently unavailable, with reports indicating that it is evaluating pathways for compliant entry in the future.
SG
Singapore (MAS)
Alert / UnlicensedMAS Investor Warning List · No MPS License
Lacks a MAS Main Payment Service Provider (MPS) license in Singapore, and has been listed on the MAS Investor Alert List; access is restricted for Singaporean users.
JP
Japan
Exited2021-05 Withdrawing from the Japanese market
In May 2021, it announced its withdrawal from the Japanese market on the grounds of “inability to meet local regulatory requirements,” ceased providing services to Japanese users, and has not returned to date.
CN
China Mainland
Prohibited2021-09 Complete Withdrawal · Total Ban on Cryptocurrency Trading
After China completely banned cryptocurrency trading in September 2021, OKX stopped providing services to mainland users and migrated its data; its predecessor, OKEx, had already been operating in the mainland before 2021 and has now withdrawn entirely.
Global Licenses3VARA Dubai FMP + SFC HK VASP + Malta MiFID (MiCA transition)
Legal Countries100Can serve approximately 100+ countries/regions worldwide, subject to local availability.
Restricted / Banned5Including the US/Japan/Mainland China/Singapore/sanctioned regions, etc.
Settlement Total--No significant settlement records available
07
Key Events Timeline
17 eventsOperations + Regulatory PenaltyOperations
纽交所母公司 ICE 与 OKX 达成合作，共同组建加密货币合资企业 OKXICE
纽交所母公司 ICE 宣布与 OKX 达成合作，双方将共同组建加密货币合资企业，命名为 OKXICE。此次合作聚焦于加密货币领域的集成服务，旨在通过资源整合推动相关业务扩展。
Operations
OKX introduces in-app social features
The exchange OKX has officially launched an in-app social feature aimed at providing users with a richer communication experience. This feature will be integrated into the existing trading platform, allowing users to interact within the OKX ecosystem. Specific details regarding the features and the timeline for their rollout have not been disclosed.
Operations
OKX officially launches a DEX built into its exchange
OKX announced the official launch of the DEX function built into its exchange for users. This move aims to further integrate the platform’s trading resources, providing users with a more convenient hybrid decentralized and centralized trading experience, allowing them to use these services without the need for additional switching.
Operations
OKX launches OKBUSDT perpetual contract
The OKX exchange has officially launched the OKBUSDT perpetual contract trading product. Users can now open long and short positions for this contract on the platform. Denominated in the OKB stablecoin, this product offers standardized contract trading services, aiming to provide users with new options for asset allocation and management.
Regulatory Penalty
OKX fined $2.6 million by the Netherlands for not registering with the Dutch Central Bank
Cryptocurrency exchange OKX was fined $2.6 million by Dutch regulators for failing to register with the Dutch Central Bank. The penalty was imposed due to a lack of proper regulatory registration, and OKX has confirmed it has received notification of this enforcement decision.
Operations
OKX Wallet announces the launch of the OKX Boost product
OKX Wallet officially announces the launch of the OKX Boost product. This initiative aims to provide users with new service features, further improve its digital asset management ecosystem, and meet users’ demand for more diverse financial services.
Milestone
OKB will destroy the repurchased and reserved tokens as well as conduct a PP upgrade, fixing the total issuance at 21 million tokens
OKB plans to destroy the tokens acquired through repurchases and reserved amounts, while carrying out a PP upgrade. After this upgrade, the total supply of OKB will be fixed at 21 million tokens, with no further issuance.
Operations
OKX has integrated Apple Pay, allowing users in the United States and Europe to buy cryptocurrencies with one click
OKX has integrated the Apple Pay payment service. This update enables users in the United States and Europe to make payments through this channel, offering a one-click cryptocurrency purchase feature that improves user experience and transaction convenience.
Milestone
OKX obtains a compliance license for crypto derivative trading in the UAE
OKX has officially received a licensing permit for compliant crypto derivative trading issued by the UAE. This permit signifies that OKX has been recognized by authoritative UAE authorities in the cutting-edge field of crypto derivative trading, enabling it to provide legal and compliant derivative trading services to local users.
Operations
OKX joins the global dollar network, adding support for the dollar stablecoin USDG
OKX announced its joining of the Global Dollar Network, officially integrating the USDG stablecoin service. This integration is aimed at providing institutional and retail users with a more comprehensive infrastructure for trading and settling in USD stablecoins, thereby enhancing asset liquidity and the experience of global financial connectivity.
Operations
Binance cryptocurrency journalist Yueqi Yang revealed that OKX is considering an IPO in the United States
The crypto media outlet The Information reported that journalist Yueqi Yang revealed that OKX is considering a initial public offering in the United States. This source indicated that the exchange is actively planning to list in the U.S., aiming to use this financing approach to advance its global strategy and enhance its brand influence.
Operations
OKX announces official entry into the German and Polish markets
The cryptocurrency trading platform OKX officially announced its entry into the German and Polish markets. This expansion marks a further extension of its service footprint in Europe, aiming to provide digital asset trading services to more local users and broaden its business coverage in the EU region.
Milestone
OKX Launches zkEVM L2 Network X Layer
OKX officially launched X Layer, the zkEVM L2 network within its public chain ecosystem. This platform is designed to provide users with high-performance, scalable blockchain infrastructure, further enhancing OKX’s portfolio of second-layer solutions and supporting the development of its ecosystem.
Milestone
OKEx was renamed OKX
The OKEx brand has been officially upgraded and renamed to OKX. This name change signifies the platform’s strategic development in a new phase; with its updated brand identity, it also reflects its continuous evolution and brand repositioning in the field of digital asset services.
Operations
OKX launches Web3 wallet product
OKX officially announced the launch of its Web3 wallet product, aimed at providing users with safer and more convenient blockchain asset management and interaction services. This move marks a new step forward for OKX in building Web3 infrastructure, further expanding its presence in the field of decentralized finance.
Security Incident
OKX suffered a hacker attack, losing $5.6 million
The exchange OKX recently suffered a hacker attack, with its security defenses breached leading to the theft of assets. This incident caused OKX to incur losses amounting to $5.6 million. It has triggered concerns and discussions in the market regarding its security standards.
Milestone
The OKB token was officially launched
The OKX exchange announced the official launch of the OKB token. Users can now buy and sell OKB through this exchange. This launch marks OKB’s integration into mainstream trading channels as a core asset of the platform ecosystem, facilitating users’ ownership and transfer of the token.
News Updates
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