OKX is one of the most recognized names in the global cryptocurrency industry. Originally known as OKEx, this platform has evolved from a simple digital asset exchange into a comprehensive blockchain ecosystem. With its rebranding and strategic expansion, OKX has positioned itself as a key player in both centralized and decentralized finance. This article explores what OKX is, its evolution, core services, and answers the frequently asked question: What is OKX’s Chinese name?
What Is OKX Exchange?
OKX, formerly known as OKEx, is a world-leading digital asset trading platform founded in January 2014 and headquartered in Malta. As of recent data, it consistently ranks among the top cryptocurrency exchanges globally by 24-hour trading volume—reaching over $26 billion at peak activity—with support for more than 335 cryptocurrencies and over 680 trading pairs.
👉 Discover how OKX powers seamless crypto trading with advanced tools and deep liquidity.
The platform offers a full suite of trading options, including:
- Spot trading – Buy and sell digital assets instantly.
- Futures & derivatives – Trade with leverage on price movements.
- Options trading – Hedge or speculate with structured financial instruments.
- OTC (Over-the-Counter) trading – Conduct large-volume trades directly without affecting market prices.
Beyond trading, OKX has developed a robust ecosystem that includes:
- MetaX Wallet – A non-custodial, multi-chain wallet that gives users full control over their private keys.
- OKX NFT Marketplace – A platform for buying, selling, and discovering unique digital collectibles.
- Decentralized Exchange (DEX) – Access decentralized trading protocols across multiple blockchains.
- DApps Browser – Interact with decentralized applications seamlessly within the ecosystem.
- OEC (OKX EVM Chain) – A self-developed, Ethereum-compatible public blockchain supporting fast and low-cost transactions.
These innovations reflect OKX’s mission to go beyond being just an exchange—it aims to be a gateway to the entire Web3 universe.
With over 20 million users worldwide, OKX stands out for its:
- Deep market liquidity
- High-frequency trading infrastructure
- Advanced security measures
- User-centric product design
It was also among the first major exchanges to introduce a unified trading account, allowing traders to manage spot, futures, and margin positions under one balance—eliminating isolated margin risks and improving capital efficiency.
Additionally, OKX addressed common pain points in derivatives trading by removing profit-sharing mechanisms and introducing portfolio margining, which reduces margin requirements and enhances yield for active traders.
What Is the Chinese Name of OKX Exchange?
The official Chinese name of OKX is 欧易 (Ōu Yì). On January 18, 2025, the company officially rebranded from OKEx to OKX, aligning its global and Chinese identities under a unified vision.
This rebranding wasn't merely cosmetic—it signified a fundamental shift in strategic direction.
Previously, "OKEx" clearly emphasized its role as an exchange ("Ex" = Exchange). However, as the crypto landscape evolved with the rise of DeFi, NFTs, GameFi, and SocialFi, the team recognized that their role had expanded far beyond facilitating trades.
Jay Hao, CEO of OKX, stated:
“We’re not just an exchange anymore. The removal of ‘E’ reflects our broader ambition—to become an end-to-end digital asset platform rooted in decentralization and user sovereignty.”
👉 See how OKX integrates DeFi, CeFi, and Web3 tools into one seamless experience.
By dropping the “E,” OKX signaled its transformation into a full-stack blockchain ecosystem where users can trade, earn, stake, lend, create NFTs, interact with DApps, and even build on its native chain—all within a single interface.
This shift mirrors the maturation of the entire crypto industry: from speculative trading platforms to foundational infrastructure for the decentralized internet.
Expanding the Crypto Ecosystem: From Exchange to Infrastructure
OKX’s long-term vision is to serve as critical infrastructure for the emerging digital economy. This means moving beyond short-term trading gains and focusing on sustainable ecosystem development.
One cornerstone of this strategy is OKB, the platform’s native utility token. OKB plays a vital role across the ecosystem:
- Used for paying transaction fees with discounts
- Grants access to exclusive token sales (Jumpstart)
- Participates in governance decisions
- Acts as collateral in certain financial products
As OKX rolls out next-generation products—such as enhanced wallet features, cross-chain bridges, and institutional-grade APIs—OKB is expected to become increasingly integral as a bridge between users and services.
Moreover, OKX actively supports blockchain innovation through grants, developer programs, and partnerships with emerging projects in DeFi and Layer 1/Layer 2 solutions.
Frequently Asked Questions (FAQ)
Q: Is OKX safe to use?
A: Yes. OKX employs military-grade encryption, cold wallet storage (95%+ of funds), two-factor authentication (2FA), anti-phishing codes, and regular third-party audits. It also maintains a Secure Asset Fund for Users (SAFU) to protect against unexpected losses.
Q: Can I use OKX in China?
A: While OKX operates globally and supports multiple languages, it complies with local regulations. Due to China’s restrictions on cryptocurrency trading, direct services are not available to mainland residents. However, users outside China can access the platform freely.
Q: Does OKX require KYC verification?
A: Basic account functions are available without full KYC. However, higher withdrawal limits, fiat deposits, and advanced trading features require identity verification to comply with AML/CFT regulations.
Q: What makes OKX different from other exchanges?
A: OKX combines deep liquidity with cutting-edge technology like unified accounts and portfolio margining. Unlike many competitors, it offers a fully integrated suite of CeFi and DeFi tools—including its own chain (OEC), wallet (MetaX), NFT marketplace, and DEX—making it a true one-stop Web3 hub.
Q: How do I start trading on OKX?
A: Simply visit the official site, create an account, complete optional verification steps based on your needs, deposit funds (crypto or fiat), and begin trading across spot, futures, or options markets.
👉 Start your journey into secure, high-performance crypto trading today.
Final Thoughts
OKX—formerly OKEx and known in Chinese as 欧易—is no longer just another cryptocurrency exchange. It has transformed into a comprehensive digital asset platform that blends centralized efficiency with decentralized principles.
Its rebranding reflects a bold vision: to power the future of finance by building open, accessible, and secure tools for everyone—from retail investors to developers building the next generation of decentralized applications.
As blockchain technology continues to mature, platforms like OKX will play an increasingly important role in connecting traditional finance with Web3. Whether you're interested in trading Bitcoin, earning yield on stablecoins, minting NFTs, or exploring DeFi protocols, OKX provides the infrastructure to make it happen—all in one place.
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