OKX — known as OKEx until its 2022 rebrand — is one of the largest cryptocurrency exchanges in the world. Founded in 2017, it pairs deep spot and derivatives markets with one of the best self-custody wallets in crypto. It is a powerful choice for active traders and on-chain users outside the United States.
Quick Facts
| Item | Detail |
|---|---|
| Founded | 2017 (rebranded from OKEx to OKX in 2022) |
| Headquarters | Seychelles (global operations) |
| Assets listed | 300+ cryptocurrencies |
| Availability | Many countries — restricted in the US |
| Best for | Active traders and Web3 users |
Trading Fees
OKX uses a competitive tiered maker-taker model across spot and derivatives, with rates that improve at higher volume and VIP tiers.
| Market | Maker | Taker |
|---|---|---|
| Spot | ~0.08% | ~0.10% |
| Derivatives | ~0.02% | ~0.05% |
Security and Regulation
OKX publishes monthly proof-of-reserves reports, letting users verify the exchange holds assets one-to-one. It keeps the majority of funds in cold storage. Regulation is lighter than at US-based exchanges, and in 2025 OKX reached a settlement with US authorities over previously serving US users without the required licences. Users outside the US should still enable every security control available.
Key Features
- OKX Wallet — a leading multi-chain self-custody wallet with DeFi access.
- Derivatives — deep perpetual, futures and options markets.
- Spot and margin — 300+ assets with strong liquidity.
- Earn products — flexible and fixed yield options.
Pros and Cons
Pros
- Deep liquidity and low fees
- Excellent multi-chain Web3 wallet
- Monthly proof of reserves
- Strong, fast trading technology
Cons
- Restricted in the United States
- Lighter regulation than US exchanges
- Reached a 2025 US settlement over past unlicensed activity
- Derivatives carry high risk for beginners
Verdict
OKX is a top-tier exchange for traders and Web3 users outside the US, combining low fees, deep markets and a best-in-class wallet. Its regulatory history is a caveat worth noting.
The Currency Analytics rating: 4.2 / 5
The Currency Analytics maintains editorial independence. Ratings reflect our own assessment. This article is informational and not financial advice.