OKX Platform Updates and Web3 Wallet Enhancements in 2023

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The cryptocurrency landscape is evolving rapidly, and platforms like OKX continue to lead innovation with strategic upgrades, new feature rollouts, and enhanced user experiences. Throughout May 2023, OKX introduced several key developments—from blockchain network support and trading pair optimizations to the launch of advanced Web3 wallet functionalities. This article breaks down these updates, explains their significance for traders and investors, and highlights how they contribute to a more seamless, secure, and efficient digital asset ecosystem.

Network Support and Technical Upgrades

OKX has consistently prioritized infrastructure stability and compatibility with emerging blockchain technologies. One of the major announcements in May 2023 was the platform’s support for the Optimism (OP) network upgrade and hard fork. This move ensures that users can continue interacting with the Optimism ecosystem without disruptions during critical protocol transitions.

By aligning with Layer-2 scaling solutions like Optimism, OKX reinforces its commitment to low-cost, high-speed transactions—essential for active traders and DeFi participants. Such proactive integration helps maintain liquidity and trust across decentralized networks.

👉 Discover how OKX supports next-gen blockchain networks and enhances trading performance.

Scheduled Maintenance for Enhanced Service Reliability

To deliver a smoother trading experience, OKX conducted scheduled technical upgrades in late May. Specifically, on June 1, 2023, the platform temporarily paused services from 2:10 PM to 2:16 PM (UTC+8) for system optimization. During this brief window:

These planned downtimes are essential for implementing backend improvements, strengthening security protocols, and ensuring long-term platform resilience. While short-lived, such maintenance windows reflect OKX's proactive approach to service quality rather than reactive fixes.

Improving Market Precision with Adjusted Price Tiers

On June 1, 2023, OKX also implemented changes to the minimum price precision for select spot, margin, and perpetual contract trading pairs. The adjustment window was set between 2:00 PM and 2:30 PM (UTC+8) across multiple markets.

This refinement allows for tighter bid-ask spreads and improved order book granularity, which benefits both market makers and takers. For high-frequency traders, even minor improvements in pricing increments can significantly impact execution efficiency and arbitrage opportunities.

Importantly, any changes to spot trading pairs were mirrored in corresponding leveraged products, ensuring consistency across trading products.

Launch of Limit Orders in OKX Web3 Wallet

A standout feature introduced on May 24, 2023, was the limit order functionality in the OKX Web3 Wallet. This update empowers users to set custom buy or sell prices for assets without needing to monitor markets continuously.

Supported networks include:

With limit orders, users gain greater control over entry and exit points—bringing centralized exchange-like convenience to self-custodial wallets. This marks a significant step toward bridging the gap between CeFi efficiency and DeFi autonomy.

👉 Start using advanced order types directly from your non-custodial wallet today.

BRC-20 Support Expands Bitcoin’s Utility

On May 23, 2023, OKX Web3 Wallet added support for BRC-20 tokens on its mobile app. BRC-20 is an experimental token standard built on the Bitcoin blockchain using the Ordinals protocol. Unlike traditional ERC-20 tokens on Ethereum, BRC-20 tokens leverage inscriptions to encode data directly into satoshis.

This integration allows users to:

By supporting BRC-20 early, OKX positions itself at the forefront of Bitcoin’s expanding role beyond simple peer-to-peer payments into programmable asset issuance.

GALA Token Migration Completed

OKX successfully completed the GALA token swap from GALA (V1) to GALA (V2) in May 2023. Following the migration:

Users were advised to ensure they deposit the correct version to avoid loss of funds—a common risk during token migrations. The successful execution underscores OKX’s reliability in handling complex blockchain transitions securely.

Meme Coin Listings Based on Community Demand

OKX continues to embrace community-driven initiatives through its Meme Coin listing events. The May 2023 campaign concluded with two top-voted projects selected for listing:

  1. ILCAPO (CAPO)
  2. Turbo (TURBO)

These selections were determined by user voting via community recharge activity—an innovative method that democratizes project listings. While meme coins carry high volatility and speculative risk, OKX provides clear disclaimers about investment risks, promoting informed decision-making.

ORDI Trading Goes Live

In a major development for Ordinals enthusiasts, OKX launched full trading support for Ordinals (ORDI) in May 2023:

Trading became active once sufficient user deposits met liquidity thresholds. This cautious rollout ensures stable market conditions at launch. As one of the first major exchanges to list ORDI, OKX reinforced its reputation as a leader in supporting emerging asset classes.

FAQ: Frequently Asked Questions

Q: What is the significance of the Optimism network upgrade?
A: The upgrade improves scalability and security on the Optimism Layer-2 network. OKX’s support ensures uninterrupted access to fast, low-cost Ethereum transactions.

Q: Why does OKX perform regular maintenance?
A: Scheduled upgrades allow OKX to enhance system performance, patch vulnerabilities, and deploy new features without unexpected outages.

Q: How do limit orders in Web3 Wallet work?
A: Users can set a target price to buy or sell crypto. When the market hits that price, the order executes automatically—ideal for hands-off trading strategies.

Q: Can I still use BRC-20 tokens if I don’t have a Web3 Wallet?
A: Currently, OKX supports BRC-20 only in its Web3 Wallet App. A standalone wallet or compatible third-party tools may be required otherwise.

Q: Is ORDI a safe investment?
A: ORDI is a highly volatile asset tied to the experimental Ordinals protocol. As with all crypto investments, conduct thorough research before committing funds.

Q: How are meme coin projects chosen for listing?
A: Projects are ranked by community participation through recharge volume. The top performers earn listing eligibility based on real user interest.

👉 Explore upcoming listings and participate in future community-driven campaigns.

Core Keywords

These updates collectively illustrate OKX’s dual focus: advancing cutting-edge blockchain integrations while delivering practical tools that meet real user needs—from automated trading to secure self-custody. As the digital asset space matures, platforms that combine innovation with reliability will remain at the forefront—and OKX is clearly building in that direction.