Second Largest Crypto Exchange OKX Rebrands as Cross-Platform Service Provider

Founded in 2017 as a cryptocurrency trading service, OKEx has amassed over 20 million users and expanded its suite of digital asset investment products to include OKEx Earn, a tool for earning passive crypto income Is; an NFT marketplace and decentralized application discovery hub; And more recently, according to a press release, MetaX, OKEx’s new decentralized mode that features a cross-chain dashboard and self-custodial Web 3.0 wallet for the storage of digital assets, including NFTs.

The change, highlighted by the company’s name change from OKEx to OKEx, reflects the platform’s growing number of wealth creation opportunities beyond exchange, which investors use to trade hundreds of digital assets in the spot, margin and derivatives markets. Huh.

OKX aims to enable access to decentralized assets and instruments and give investors the option of self-custodial custody of their digital assets.

“OKEx is moving beyond the standard centralized exchange model to deliver an end-to-end cryptocurrency experience to our customers,” said Jay Hao, CEO of OKEx. “The most important thing is that we are doing this while maintaining the core principles of crypto – decentralization and autonomy. We aim to give customers the tools they need to easily and securely earn, transfer and spend their assets. is required to do so, as they see fit, without arbitration by us. We have removed the “e” from our name because we are much more than an exchange, just as crypto is much more than a speculative asset.”

OKX, which lists over 250 digital assets and has long held the top rank for cryptocurrency futures trading volume, recently became the second largest cryptocurrency spot trading platform in the world. In 2021, the overall trading volume on the platform, including spot and derivatives instruments, grew by over 700%, while the number of trades executed on the platform increased by over 480%. According to the press release, over $5.1 billion was deposited by users in the staking, savings and DeFi offering through OKX Earn, and over $314 million was paid out in passive income last year.