Cryptocurrency Exchanges & Digital Assets · Other / Non-Digital Advertising Relevant
OKX
Digital-asset exchange, Web3 wallet and institutional trading infrastructure platform.
Available information varies by company and source.
Profile record updated:
Company facts
- Entity type
- BUSINESS_UNIT
- Founded
- 2017
- Company size
- >5,000
- Market cluster / sector
- Cryptocurrency Exchanges & Digital Assets
- Market role
- Other / Non-Digital Advertising Relevant
- Official website
- okx.com
What OKX does
OKX operates a multi-sided digital-asset market. Consumer and professional traders place orders against its exchange liquidity, creating transaction volume from which OKX earns maker and taker fees and conversion spreads. It extends this core exchange infrastructure into self-custody, yield products and institutional embedded-trading services. Institutional clients access liquidity, execution, market data and settlement connectivity through APIs and commercial arrangements, while their end customers transact through branded financial interfaces.
Category differentiation
OKX is a digital-asset exchange and Web3 financial-infrastructure platform, not an advertising, marketing-technology or conventional retail brokerage business. It is a trading venue and infrastructure provider rather than a standalone blockchain protocol.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
OKX is a global digital-asset exchange and Web3 platform brand. Its consumer platform supports crypto spot trading, conversion, derivatives, market data, self-custody wallet access and crypto yield products across web and mobile interfaces. Its primary commercial activity is matching digital-asset orders between users and charging trading fees or conversion spreads. The platform also sells institutional access through embedded-trading infrastructure, APIs, exchange liquidity, market connectivity and historical market data. Regulated financial institutions, trading firms and fintechs use these products to integrate trading and market-access workflows into their own systems. OKX operates through jurisdiction-specific legal entities, including OKX INC. in the United States and OKX Europe Limited in the EU and EEA.
Company news briefing
Briefing updated:
Cryptocurrency exchange OKX has closed a funding round at a $25 billion valuation with backers including Circle, Ripple, and Standard Chartered's SC Ventures, while eyeing a US IPO within four years. In Europe, the firm expanded its product offerings by launching pre-IPO perpetual futures and tokenized stocks under Malta MFSA licensing. Additionally, OKX partnered with Intercontinental Exchange to establish a joint venture for 24/7 tokenized US stock trading on its layer-2 network.
Business model & monetisation
OKX primarily monetises trading activity through maker and taker fees across spot, margin, futures, options and related instruments. Crypto conversion earns a quoted spread rather than a separate order-book fee. Earn products generate lending, staking, DeFi and structured-product economics, including service fees deducted from rewards for certain on-chain products. Rubix, Connect, APIs and historical market-data products generate institution-specific revenue through trading fees, liquidity economics, connectivity, data access and commercial service arrangements.
- Spot, margin, futures and options trading fees
- Maker and taker transaction fees
- Crypto conversion
- Quoted conversion spread
- Earn products
- Staking, lending, DeFi and structured-product economics
- Institutional infrastructure
- Liquidity, connectivity, API, data and service arrangements
Products & capabilities
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Competitors & alternatives
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Digital asset exchange, custody and crypto infrastructure platform.
Crypto trading and infrastructure platform for consumers and institutions.
Side-by-side comparisons
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
OKX Raises $25B Valuation with Circle, Ripple, Standard Chartered
Cryptocurrency · Recorded impact score: 4/5
Crypto exchange OKX has closed a new funding round at a $25 billion valuation, with Circle, Ripple, Qube Research & Technologies (QRT), and SC Ventures (Standard Chartered's investment arm) joining as investors. The amount invested and equity stakes were not disclosed. The investors are all existing business partners of OKX: Circle issues USDC, Ripple's stablecoin RLUSD is integrated into OKX's order book, QRT provides liquidity, and Standard Chartered custodies BlackRock's BUIDL fund used as collateral. CEO Star Xu framed the round as strategically aligned rather than driven by financial need. The valuation matches the $25 billion from ICE's investment in March, and OKX is considering a US IPO within four years. The company also launched OKX Money to convert local currencies into dollar stablecoins for emerging markets.
- OKX raised new funding at a $25 billion valuation (approx. €22.2 billion).
- New investors include Circle, Ripple, Qube Research & Technologies, and SC Ventures.
NYSE Parent ICE and OKX Plan 24/7 Tokenized Stock Trading
Cryptocurrency · Recorded impact score: 2/5
Intercontinental Exchange (ICE), operator of the New York Stock Exchange, and crypto exchange OKX have announced plans for their joint venture OKXICE to launch a trading venue for tokenized U.S. stocks, operating 24/7. The venue will offer about 60 tokenized stocks, including Nvidia, Apple, Microsoft, Amazon, Tesla, JPMorgan Chase, Walmart, Coinbase, Robinhood, Circle, and SpaceX. Trading will occur on OKX's layer-2 network X Layer using Uniswap v4 permissioned liquidity pools, with settlement in stablecoins USDC, USDG, or USDT. Users will hold tokens in self-custody wallets, with underlying stocks held by tokenization providers. The move follows an SEC 'Innovation Exemption' allowing such venues to operate without registering as exchanges, subject to strict limits on volume and stock selection. ICE took a minority stake in OKX in March at a $25 billion valuation. Critics, including SIFMA and Better Markets, warn of market fragmentation and regulatory arbitrage.
- ICE and OKX plan to launch OKXICE, a 24/7 trading venue for tokenized U.S. stocks, after filing a proposal with the SEC.
- The venue will offer about 60 tokenized stocks, including Nvidia, Apple, Microsoft, Amazon, Tesla, JPMorgan Chase, and Walmart.
OKX Launches Pre-IPO Perpetuals and Tokenized Stocks in Europe
Financials · Recorded impact score: 3/5
Cryptocurrency exchange OKX has launched two new product categories for European customers: pre-IPO markets via perpetual futures (X-Perps) and tokenized stocks. The pre-IPO markets initially feature OpenAI and Anthropic, allowing traders to speculate on their valuations with up to 10x leverage. Additionally, OKX offers about 100 tokenized stocks, including SpaceX, Google, Nvidia, and Palantir, tradable 24/7, usable as collateral, and withdrawable to self-custody wallets. The products are offered through OKX Europe Markets Ltd., licensed by Malta's MFSA. OKX CEO Erald Ghoos noted that pre-IPO markets were previously unavailable to most European traders and that X-Perps volume in Europe quadrupled since the MiCA transition period ended in July. Similar products exist from competitors like Binance, Hyperliquid, PreStocks, Kraken, and Coinbase. The instruments do not confer ownership rights and may diverge from actual valuations, as exemplified by Anthropic's perpetuals implying a $1.93 trillion valuation versus $965 billion in its Series H round.
- OKX launched pre-IPO perpetual futures (X-Perps) on OpenAI and Anthropic for European customers.
- OKX also introduced approximately 100 tokenized stocks, including SpaceX, Google, Nvidia, and Palantir.
Cloudflare 403s and hardening ccxt clients
Infrastructure · Recorded impact score: 2/5
The article explains why legitimate bots interacting with exchange APIs can receive intermittent 403 Forbidden responses due to Cloudflare WAF bot challenges and presents a two-layer mitigation pattern implemented in an open-source library. The pattern includes hardening HTTP headers (User-Agent, Accept-Language, timeouts) to reduce WAF challenges and a selective retry helper that only retries transient errors (e.g., Cloudflare 403, 429, timeouts) with exponential backoff and jitter. The author published the ccxt-resilience library (Apache-2.0) with functions like harden and with_retry and provides installation and GitHub repository details. The piece is practical guidance for developers integrating with exchanges (example: OKX).
- Cloudflare WAF can issue intermittent 403 Forbidden responses that block legitimate bots when exchanges place the WAF in front of their REST APIs.
- The author implemented a two-layer mitigation pattern and published it as an open-source library called ccxt-resilience (Apache-2.0).
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Questions about OKX
What is OKX?
OKX is a digital-asset exchange and Web3 platform offering crypto trading, conversion, self-custody wallet access, yield products and institutional connectivity.
Who uses OKX?
Individual crypto traders and holders use its consumer products, while banks, fintechs, trading firms, market makers and developers use its institutional infrastructure.
How does OKX make money?
OKX earns maker and taker trading fees, conversion spreads, yield-product economics, and institutional liquidity, connectivity, API and data-access revenue.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
15 publicly documented primary sources and citations linked across the market graph.
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