Wallets/okx-exchange
OKX (centralized exchange)
0 standards supported
Overview
OKX is a major centralized cryptocurrency exchange + Web3 wallet (Web3 wallet covered Batch 27) [1, 2, [crypto-cro]]. 2025 baseline: 120M+ customers worldwide (year end 2025) (up from 50M+ mid-2025) + ~16.19% global CEX market share + 16% trading volume growth 2025 + $1.4B+ daily 24-hour volume on CoinGecko + 190,000 new accounts daily + DEX trading volume +262% globally 2025 + daily active wallets +100% YoY.
Distinctive OKX positioning [1, 3, 4]:
- Major centralized cryptocurrency exchange (world's 2nd or 3rd largest by various metrics)
- 120M+ customers worldwide (year end 2025; up from 50M+ mid-2025)
- ~16.19% global CEX market share + 2nd spot by CEX volume on CoinGecko
- 16% overall 2025 trading volume growth
- 190,000 new accounts daily in 2025
- DEX trading volume +262% globally during 2025 — distinctive OKX DEX growth
- Daily active wallets +100% YoY in 2025
- Seychelles-incorporated + Bahamas-registered entities
- OKX Wallet (Web3) covered Batch 27 — distinctive separately-tracked Web3 wallet brand
History
2017 — OKEx founded by Star Xu in Beijing — distinctive Chinese crypto exchange founding.
2018 — OKEx moves operations out of China post-China crypto crackdown to Malta + Seychelles.
2020 — OKEx temporary withdrawal freeze post-founder Star Xu's "police cooperation" — distinctive Chinese crypto exchange founder regulatory incident.
2022 — OKEx rebranded to OKX + Bahamas + Seychelles operational base consolidation.
2025 — OKX 120M+ customers year end + ~16.19% global CEX market share + 16% trading volume growth + DEX trading volume +262% globally + daily active wallets +100% YoY [1, 3].
Ownership & operator
Operating entity: OKX (Aux Cayes FinTech Co. Ltd.; Seychelles-incorporated + Bahamas-registered entities; private).
Major shareholders: Star Xu (founder + CEO; majority shareholder) + various institutional investors.
Regulators: VARA (Virtual Assets Regulatory Authority Dubai; UAE; OKX MENA) + per-jurisdiction crypto regulators.
Technical integration
| Layer | Description |
|---|---|
| Channels | OKX app (iOS + Android; primary mobile channel) + OKX.com web exchange + OKX Wallet (Web3; Batch 27 covered) + OKX Card (Mastercard) |
| Identifiers | Email + phone + KYC documents (per AML requirements) |
| License | Crypto exchange (centralized; VARA Dubai licensed; Seychelles-incorporated + Bahamas-registered entities) |
| Products | OKX Spot Trading + OKX Derivatives (Perpetual Futures + Options + Inverse Perpetual + USDT Perpetual) + OKX Margin Trading + OKX Copy Trading + OKX Earn (staking + DeFi yield) + OKX Jumpstart (token launches) + OKX NFT Marketplace + OKX Wallet (Web3; multi-chain self-custody) + OKX DEX + OKX Card (Mastercard) + OKX P2P + OKX Pay + OKX Institutional |
| Distinctive OKX Wallet (Web3) Batch 27 separately covered: Web3 wallet brand |
Users & growth
- 120M+ customers worldwide (year end 2025; up from 50M+ mid-2025)
- ~16.19% global CEX market share (2nd spot by CEX volume on CoinGecko)
- 16% overall 2025 trading volume growth
- $1.4B+ daily 24-hour volume on CoinGecko
- 190,000 new accounts daily in 2025
- DEX trading volume +262% globally during 2025
- Daily active wallets +100% YoY in 2025
Use cases
Global crypto spot + derivatives (perpetuals + options) + margin + copy trading + OKX Earn (staking + DeFi yield) + OKX Jumpstart + OKX NFT + OKX Wallet (Web3 multi-chain self-custody; Batch 27 separately covered) + OKX DEX + OKX Card (Mastercard) + OKX P2P + OKX Pay + OKX Institutional via OKX app + OKX.com.
Implementations & partners
Operator: OKX (Aux Cayes FinTech Co. Ltd.; Seychelles-incorporated + Bahamas-registered entities; private).
Major shareholders: Star Xu (founder + CEO; majority shareholder) + various institutional investors.
Major crypto exchange competitors:
- [[binance]] (Binance; world's largest crypto exchange by trading volume; 300M+ users; 41.1% global spot Jun 2025)
- [[bybit]] (Bybit; world's 2nd-largest crypto exchange; 70M+ registered users; $9.43T cumulative 2025 trading volume)
- [[coinbase]] (Coinbase Global Inc.; NASDAQ: COIN; US's largest crypto exchange; 108M+ customers; 60-65% US crypto exchange trading volume)
- [[kraken]] (Kraken Financial; US-registered; 13M+ registered users; Federal Reserve master account approved Mar 2026)
- [[crypto-com]] (Crypto.com; centralized + Visa card; Singapore-headquartered; 100M+ users)
- Bitget + MEXC + HTX (formerly Huobi) + KuCoin + Gate.io (other major centralized crypto exchanges)
- Uniswap + PancakeSwap + dYdX + GMX (decentralized exchanges)
OKX sister entity: OKX Wallet (Web3) (Batch 27 covered; Web3 wallet brand).
Regulators: VARA Dubai (UAE) + per-jurisdiction.
Fun facts
- Major centralized cryptocurrency exchange + Web3 wallet (Web3 wallet covered Batch 27).
- 120M+ customers worldwide (year end 2025; up from 50M+ mid-2025).
- ~16.19% global CEX market share + 2nd spot by CEX volume on CoinGecko.
- 16% overall 2025 trading volume growth + DEX trading volume +262% globally during 2025.
- 190,000 new accounts daily in 2025.
- 2017 founding as OKEx by Star Xu in Beijing.
- 2018 OKEx moves operations out of China post-China crypto crackdown.
- 2020 OKEx temporary withdrawal freeze post-founder Star Xu's "police cooperation" — distinctive Chinese crypto exchange founder regulatory incident.
- 2022 OKEx rebranded to OKX + Bahamas + Seychelles operational base consolidation.
- Seychelles-incorporated + Bahamas-registered entities.
Comparison
| Feature | OKX (centralized exchange) | [[binance]] (World's largest crypto exchange by trading volume rival; 300M+ users; 41.1% global spot Jun 2025) | [[bybit]] (World's 2nd-largest crypto exchange rival; 70M+ registered users; $9.43T cumulative 2025) | [[coinbase]] (US's largest crypto exchange rival; 108M+ customers; NASDAQ-listed) | [[crypto-com]] (Centralized + Visa card rival; Singapore-headquartered) |
|---|---|---|---|---|---|
| Operator | OKX (Aux Cayes FinTech Co. Ltd.; Seychelles-incorporated + Bahamas-registered entities; private; Star Xu founder + CEO majority shareholder + institutional investors) | Binance Holdings Ltd. (private; multi-jurisdiction; Changpeng Zhao "CZ" founder + majority; CZ stepped down Nov 2023) | Bybit Fintech Limited (private; UAE Dubai-headquartered; Ben Zhou founder + CEO majority shareholder) | Coinbase Global Inc. (NASDAQ: COIN; Brian Armstrong founder + majority class B + voting control) | Crypto.com (Foris DAX MT Limited; private; Singapore-headquartered) |
| Type | Major centralized crypto exchange + OKX Wallet Web3 (Batch 27 separately covered) + 120M+ customers + ~16.19% global CEX market share + 2nd on CoinGecko by CEX volume + DEX trading volume +262% globally 2025 | World's largest crypto exchange by trading volume (41.1% global spot Jun 2025) + 300M+ users + $34T 2025 annual trading volume + BNB Chain | World's 2nd-largest crypto exchange by trading volume + 70M+ registered users + $9.43T cumulative 2025 trading volume + Feb 2024 $1.5B Lazarus Group hack recovery | US's largest crypto exchange + 108M+ customers + 60-65% US crypto exchange trading volume + NASDAQ-listed + Base L2 blockchain | Centralized crypto exchange + Visa Card + 400+ assets + Spotify/Netflix rebates |
| Country | Global (Seychelles base; restricted in US, UK partial, mainland China) | Global (UAE base; restricted in US) | Global (UAE Dubai HQ; restricted in US, UK, mainland China) | US + global | Singapore HQ + global |
| Users | 120M+ customers year end 2025 (50M+ mid-2025); ~16.19% global CEX market share; $1.4B+ daily 24-hour volume on CoinGecko; 190K new accounts daily 2025; DEX trading volume +262% globally 2025; daily active wallets +100% YoY | 300M+ users (Dec 2025); $34T 2025 trading volume | 70M+ registered users; $9.43T cumulative 2025 trading volume; $29.11B avg daily | 108M+ customers; 60-65% US crypto exchange trading volume | 100M+ users (mid-2024 ~10M users; grown to 100M+ year end 2025) |
| Distinctive | 2017 OKEx founding by Star Xu in Beijing; 2018 moved out of China post-crackdown; 2020 OKEx temporary withdrawal freeze post-founder Star Xu's "police cooperation"; 2022 OKEx rebranded to OKX + Bahamas + Seychelles operational base consolidation; OKX Wallet Web3 separate brand (Batch 27 covered); 16% trading volume growth 2025; DEX trading volume +262% globally 2025; 190K new accounts daily 2025 | Jul 2017 CZ-founded in China; 2017 moved out of China; 2019 Binance.US separate US entity; Nov 2023 CZ stepped down + $4.3B US AML settlement; BNB Chain own blockchain | Mar 2018 Ben Zhou-founded in Singapore; 2022 moved HQ from Singapore to Dubai; Feb 21 2024 Lazarus Group $1.5B Ethereum hack recovery (largest crypto exchange hack in history) | Jun 2012 founding by Brian Armstrong + Fred Ehrsam; Apr 14 2021 NASDAQ direct listing (first publicly listed major crypto exchange); Base L2 blockchain on Ethereum | Crypto.com Card prepaid Visa card; 400+ assets; cashback rewards + Spotify/Netflix rebates |
Status
Active, major centralized cryptocurrency exchange + Web3 wallet (Batch 27 separately covered) [1, 3]:
- OKX (Aux Cayes FinTech Co. Ltd.; Seychelles-incorporated + Bahamas-registered entities; private) since 2017 (OKEx founded by Star Xu in Beijing); 2018 out of China; 2022 rebranded to OKX.
- 120M+ customers worldwide (year end 2025).
- ~16.19% global CEX market share (2nd on CoinGecko by CEX volume).
- 16% overall 2025 trading volume growth + DEX trading volume +262% globally + daily active wallets +100% YoY.
- 190K new accounts daily in 2025.
- VARA Dubai-licensed.
Sources
- 1 OKX Exchange Statistics 2025 — CoinLaw
- 2 OKX — official
- 3 OKX Statistics: Markets Trading Volume & Trust Score — CoinGecko
- 4 OKX Users Statistics 2025 — Social Capital Markets
- [crypto-cro] In-corpus:
reports/countries/CRYPTO-global.md
Source
Biography extracted from okx-exchange.md. See matrix.md for standards-support matrix if present.