RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

OKEx

OKEx Exchange Review

Centralized

OKEx, founded in 2017, is a digital asset exchange or cryptocurrency exchange headquartered in Malta and has an office in Hong Kong. An OKEx exchange review shows that they serve areas worldwide via no less than 420 markets. The combined trading volume that these markets bring, places OKEx within the top 10 cryptocurrency exchanges by volume. They use blockchain technology to offer advanced financial services to traders on a global basis, including C2C trading, perpetual swap contracts, spot trading, futures contracts and an index tracker.

It is revealed by an OKEx exchange review that they offer C2C trading that happens at market-driven prices and zero transaction fees. It happens via an advanced system that instantly matches traders and to guarantee safety, all traders are verified and customer service/support is available 24/7.

It also reveals that the spot trading they offer make it possible to trade different types of crypto tokens both established and emerging tokens. This is available 24/7 via a reliable and stable platform. In addition, advanced cold storage wallets are used to ensure optimal security.

It is also revealed by an OKEx exchange review that they offer futures trading in the form of futures contracts that can be traded in terms of EOS, ETH, BTC and other digital assets. This can be used to hedge a crypto portfolio against risks relating to extreme price fluctuations. They provide ample leverage (10x / 20x) and offer contracts with a choice of multiple delivery dates, including weekly, bi-weekly and monthly. They also offer advanced trading tools to professional investors that make algorithm trading possible.

  • 24h Trading Volume

    169002.580 BTC
  • Establish date

    2017
  • Headquater

    Belize

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
  • OKEx Trading fees

    For Fee Details check here.

  • 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.