Plain English
OKX (formerly OKEx) is a global crypto exchange founded in 2017, headquartered in Seychelles. Offers spot, derivatives, copy trading, an integrated DeFi/Web3 wallet, and one of the most-used multi-chain DEX aggregators. Operates a major OTC desk and serves institutional clients.
How it actually works
Spot fees are 0.08%/0.10% maker/taker; perpetual futures 0.02%/0.05%. Holds a Hong Kong VATP license and several offshore licenses. Proof-of-reserves published monthly. Banned in the United States but accessible from most other major jurisdictions. The OKX Wallet is one of the few CEX-backed wallets that integrates deeply with DeFi.
What it means for you
For non-US HNW users seeking deep derivatives liquidity and seamless DeFi access from a CEX context, OKX is one of the strongest options. The integrated Web3 wallet bridges CEX convenience with on-chain access — useful for users who want both worlds without switching apps.
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Educational content only. Not investment, tax, or legal advice.