# OKX

> OKX is the world's second-largest crypto exchange by trading volume - a spot-and-derivatives powerhouse that has spent the last four years re-engineering itself from a China-born trading venue into a self-custody Web3 company with its own Layer-2 chain. It serves users across 160+ countries, publishes monthly proof-of-reserves, paid a $500M+ U.S. settlement to reset its regulatory posture, and in March 2026 took a $200M investment from the owner of the New York Stock Exchange at a $25 billion valuation.

- **Founded:** 2017
- **Headquarters:** San Jose, California, United States (international entity incorporated in Seychelles)
- **Founders:** Star Xu (Mingxing Xu) (Founder & CEO)
- **Team size:** ~5,000+ employees (2025)
- **Products:** OKX Exchange, OKX Wallet, X Layer, OKB Token, OKX Earn
- **Notable:** Consistently ranked #2 crypto exchange by trading volume, with roughly 14-16% of centralized-exchange volume in 2025 (approximate), Publishes monthly proof-of-reserves since October 2022 - among the highest-graded PoR programs of any major exchange, Launched X Layer, its own Ethereum Layer-2, in 2024

## Products & services

- **OKX Exchange** — Spot, margin, futures, perpetual swaps and options trading with block trading, copy trading and trading bots. Derivatives are the dominant share of volume.
- **OKX Wallet** — Self-custody, multi-chain hot wallet supporting 30+ networks (Bitcoin, Ethereum, Solana, BNB Chain, Polygon and more) with a built-in DEX aggregator and NFT marketplace.
- **X Layer** — OKX's EVM-compatible Ethereum Layer-2 network, built with Polygon CDK; OKB is used for gas, payments and governance.
- **OKB Token** — Native utility and governance token with a fixed 300 million supply - grants fee discounts, Jumpstart access, voting rights and is the native gas token of X Layer.
- **OKX Earn** — Savings, staking (including ETH staking), DeFi yield and structured products, plus crypto-backed loans.
- **OKX Jumpstart** — Token launchpad giving OKB holders preferential access to new project listings.
- **Proof of Reserves** — Monthly Merkle-tree attestations letting users independently verify OKX holds their assets 1:1.
- **OKX Ventures** — Investment arm backing early-stage blockchain and Web3 projects - 60+ investments in 2024 alone.

## Achievements

- Consistently ranked #2 crypto exchange by trading volume, with roughly 14-16% of centralized-exchange volume in 2025 (approximate)
- Publishes monthly proof-of-reserves since October 2022 - among the highest-graded PoR programs of any major exchange
- Launched X Layer, its own Ethereum Layer-2, in 2024
- Secured a ~$25B valuation via ICE's 2026 strategic investment
- Established a U.S. regional HQ in San Jose in 2025 and began a phased U.S. rollout
- Holds SOC 1 Type 2 and SOC 2 Type 2 attestations

## Latest updates

- **2026-03** — Intercontinental Exchange (owner of the NYSE) invested ~$200M in OKX at a ~$25B valuation and formed a strategic relationship exploring tokenized equities and futures.
- **2025-04** — OKX announced a U.S. expansion with a centralized trading platform and OKX Wallet, plus a regional HQ in San Jose, California.
- **2025-02** — OKX affiliate Aux Cayes FinTech agreed to a U.S. DOJ settlement of over $500M related to operating an unlicensed money-transmitting business.
- **2024** — Launched X Layer, an EVM-compatible Layer-2, wiring OKB into gas and governance.

## Links

- Website: https://okx.com
- LinkedIn: https://www.linkedin.com/company/okxofficial
- Twitter/X: https://x.com/okx
- YouTube: https://www.youtube.com/@OKX_Official
- Instagram: https://www.instagram.com/okx_official/
- Facebook: https://facebook.com/okxofficial
- TikTok: https://www.tiktok.com/@okx

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Profile page: https://yespress.io/okx
Published by YesPress — https://yespress.io
Last updated: 2026-08-14