OKX

OKX

Cryptocurrency exchange and DeFi services

About OKX

Simplify's Rating
Why OKX is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Crypto & Web3

Company Size

5,001-10,000

Company Stage

N/A

Total Funding

$896.5M

Headquarters

Singapore, Singapore

Founded

2017

Overview

OKX is a leading cryptocurrency exchange that serves over 50 million users globally with a diverse suite of crypto trading and earning services. Dedication to leveraging blockchain technology to offer services like spot, margin, and derivatives markets, along with DeFi portfolio management and NFT marketplace access, underscores their commitment to enabling decentralized financial access. The company fosters a culture that values financial innovation and leadership in the digital finance sphere.

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Simplify's Take

What believers are saying

  • OKX's Web3 expansion aligns with growing interest in decentralized finance.
  • New trading products like JELLYJELLY attract diverse trader profiles.
  • Security enhancements bolster user trust and regulatory compliance.

What critics are saying

  • European regulatory scrutiny could lead to penalties for OKX.
  • DEX aggregator suspension may affect user trust and trading volume.
  • Association with Lazarus Group could damage OKX's reputation.

What makes OKX unique

  • OKX offers over 350 tokens and 100+ local currencies for trading.
  • OKX provides a unique one-click feature to duplicate top traders' moves.
  • OKX's monthly Proof of Reserve releases enhance transparency and user trust.

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Funding

Total Funding

$896.5M

Above

Industry Average

Funded Over

0 Rounds

Company News

Tech Startups
Mar 28th, 2025
Real-World Uses Of Cryptocurrency That Are Changing How Industries Work

Cryptocurrencies are fixing real problems in business and making money doing it. From travel websites bringing in $100 million a year to turning billions of dollars worth of material goods into digital tokens, blockchain is doing some remarkably useful things, going beyond the old days when we’d eagerly watch for Bitcoin price trends.People have already turned over $50 billion in digital tokens, and 28% of adults in the U.S. now own some cryptocurrency – almost twice as many as in 2021. This shows that crypto is growing beyond all previous estimations, moving from just an investment gamble to something that actually works.Making travel rewards betterTake Travala, a website for booking trips. They’ve built a $100 million yearly business by putting cryptocurrency right into how they work. Instead of the usual points systems that lock you in, Travala’s AVA Smart program gives you 5-10% back in Bitcoin or AVA tokens when you book – and you can spend that anywhere you want.This is a great example of how crypto is becoming the backbone of how we do rewards

PR Newswire
Mar 27th, 2025
Okx Builds On Global Growth Strategy Through Title Sponsorship Of Token2049 In Dubai

DUBAI, UAE, March 27, 2025 /PRNewswire/ -- OKX, a leading global blockchain technology company, today announced that it is one of the title sponsors of TOKEN2049 in Dubai, the premier crypto event bringing together founders and executives of leading Web3 companies and projects.The conference will see global leaders from OKX join other executives to discuss trends and growth within the industry, offering insights into a sector that has seen substantial growth in the past year.On the sidelines of the conference, OKX will also premier the Mild Mild West film, an exclusive western epic starring Vincent Cassel and Chazz Palminteri. Celebrating crypto as a new alternative to tradfi, the film underscores OKX's dedication to safety and compliance while challenging the oversimplified notion that crypto is the "wild west.""What we're seeing in the UAE is a case-study in how best to support the growth of an industry through diligent partnership, extensive strategy and planning and a rigorous commitment to regulatory compliance and oversight," said Rifad Mahasneh, OKX MENA CEO. "From both a retail and institutional perspective, we're seeing increased confidence and trust in the role that digital currencies can play in economic development, and I'm confident that this is only the beginning."OKX is also bringing together more than 700 of the region's leading alpha traders at an exclusive event held on the sidelines of TOKEN2049 in the UAE. Designed to connect with regional retail traders and provide attendees with insights into market trends, crypto trading strategies, portfolio management, as well as the innovative range of products offered by OKX, the Alpha Traders Summit served as an ideal platform to allow for an open discussion around the impact of the industry on both the retail and institutional bases, while hearing from global executives from our company.TOKEN2049 brings together the global Web3 industry, uniting entrepreneurs, investors, developers, industry insiders and global media - and creates unparalleled networking opportunities.About OKXOKX is a technology company with a mission to make blockchain-based assets more accessible. Our pursuit takes us to a decentralized future that makes our world more efficient, transparent and connected.OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).OKX is trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.Our most well-known products include: OKX Exchange, OKX Wallet, OKX Explorer, OKX OS, OKX Ventures and OKX Institutional

CoinCu
Mar 27th, 2025
OKX Launches FLUID (Fluid) Spot Trading on March 27, 2025

OKX, a leading cryptocurrency exchange, has officially launched FLUID (Fluid) spot trading, beginning March 27, 2025, at 18:00 Beijing time.

CoinRank
Mar 26th, 2025
OKX will soon launch JELLYJELLY perpetual contract

OKX will soon launch JELLYJELLY perpetual contract.

FF News
Mar 20th, 2025
The Role Of Exchange Rates In Global Cryptocurrency Trading

The value of a given cryptocurrency, token, or non-fungible token is traditionally understood by comparing it to another asset, most likely fiat currency. Due to their nature, cryptocurrency and other decentralized assets depend on supply and demand dynamics. When demand rises, the exchange rate increases, which can be influenced by numerous factors.Cryptocurrency and other digital assets are most commonly evaluated in comparison to the United States dollar. For example, by properly understanding the value of Bitcoin price in USD, investors, traders, and enthusiasts can make informed decisions when interacting with the market. As volatile as cryptocurrency is, these fundamental exchange rates are generally reliable indicators of its price.Using Crypto Exchange Rates: Investing and PurchasingUsing a reliable exchange rate calculator, an investor can determine the price of Bitcoin in a widespread currency like the US dollar or any local currency. This tells them how much Bitcoin is worth on the global market compared to a particular area, which can be informative when determining the value of a trade at any given time.This dynamic is key for investing in cryptocurrencies like Bitcoin

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