RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

OKEx

OKEx Exchange Review

Centralized
  • 24h Trading Volume

    158262.898 BTC
  • Establish date

    2017
  • Headquater

    Seychelles

OKEx Exchange Review

  • OKEx Withdraw

    OKEx offers a volume-based maker-taker fee schedule.

  • OKEx Fees Discount

    Discounted fees for high-volume traders.

  • OKEx Deposit fees

    Free
  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    Yes
  • Margin Trading

    Yes
  • Download Clients

    • Download client
    • Download client
    • Download client
    • Download client

OKEx Exchange Score Analysis

OKEx is a Malta-registered exchange, which is run by the same people who run OKCoin, a chinese crypto exchange. OKEx has an office in Hong Kong, and they have recently acquired a majority stake in a Hong Kong company in order to perform a reverse IPO on the HK Stock Exchange and become a public company.
The exchange itself is full of features and displays very impressive volume numbers, attracting incredible amounts of volume for many trading pairs, often beating the rest of the market. However, there are several reports of much of the volume being faked by the exchange to attract actual traders to the platform, with some analysts claiming up to 93% of the volume reported by OKEx to not be real.
Additionaly, OKEx does not offer insurance on deposited user funds. There exist several reports of users who have had their accounts breached and the funds stolen from them, although we believe the exchange itself was never hacked, and the affected users did not take care of their security well enough – i.e not enabling 2FA as the exchange recommends.
Nevertheless, many traders will find the exchange easy to use, accessible and secure enough to conduct trades in a fairly liquid and responsive environment, and after performing the second layer of verification – are able to withdraw their funds for personal safekeeping.