OKX
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Discover crypto on one of the world's most reliable crypto trading & web3 apps.
9013 followers · 100 stories
Discover crypto on one of the world's most reliable crypto trading & web3 apps.

OKX is continuing to promote OKX Shield in the US, the voluntary program that can reimburse eligible customers for losses from qualifying account-takeover incidents — at no extra cost, with coverage up to $500,000 for eligible accounts. The latest post again pitches Shield's one-view dashboard of security controls and protection status, urging users to switch it on; earlier material also pointed to Proof of Reserves (PoR) to verify the reserves backing their crypto.
OKX has introduced Simple Options on tokenized stocks, a simplified options interface offering four core strategies to express bullish, bearish, or neutral views. Users can trade from 0.01 contract — one contract equivalent to a single tokenized share — with the tool showing the premium, breakeven point and potential outcomes before a trade is placed, letting users act on earnings-driven outlooks.
Simple Options is available only in eligible jurisdictions, excluding the USA and the EEA, per OKX's posts urging users to check local eligibility before trading. The launch extends the exchange's push to bring tokenized-stock trading and derivatives to retail users on The New Money App.
OKX Card is now live in the US — a Mastercard-powered virtual card that lets eligible customers spend stablecoins from their OKX Pay balance wherever Mastercard is accepted. Cardholders earn 2% cashback on eligible USDG purchases, scaling to up to 10% at the highest tier, with no FX fees, and OKX Pay balances keep earning yield between purchases.
The launch, announced on OKX's official X account, ends weeks of "coming soon" teasers and gives concrete details where the teaser had none. It lands alongside OKX's wider US push, including state-by-state expansion and the Shield account-takeover protection program.

OKX's latest "Trending this week" recap bundles the week's additions on The New Money App: 27 tokenized stocks and 6 X-Perps listed, Flash Earn – Hold to Earn shipped, $ZAMA going live on X-Drops in the EU, $XRP added to X-Drops in the US, and OKX Card teased as coming soon to the US.

OKX's joint venture with NYSE parent Intercontinental Exchange (ICE) is advancing a new regulated, 24/7 market model for U.S. retail traders, built together with TradeXYZ and accessible through OKXICE — the 50-50 JV OKX and ICE set up to distribute ICE-operated markets to retail users.

OKX is pitching its X-Perps market as a way to trade the implied valuations of leading pre-IPO companies around the clock, going long or short with up to 10x leverage before an official ticker exists. The promotion, posted on the exchange's X account, frames waiting for a stock market listing as unnecessary.

OKX has made 60,000 $XRP live on X Drops Club in the US, its rewards campaign where trading designated pairs earns daily token rewards. $XRP pairs get a 2x volume multiplier toward those rewards, and users can set up a trading bot in minutes to run positions automatically for the campaign's duration.

OKX has launched its unified EUR order book on The New Money App, merging EUR fiat and Circle's EURC stablecoin liquidity into a single euro market. EEA traders can fund, trade, and manage their portfolio in euros, convert EUR to EURC 1:1, and trade EUR pairs without USD routing or added FX risk.

OKX has put Anthropic trading live on The New Money App following the AI company's proposed public-listing filing. Users can go long or short on Anthropic's implied valuation with up to 10x leverage on X-Perps, per an announcement on the exchange's official X account.

OKX has launched Simple Mode on The New Money App, a stripped-down autotrade interface now featuring three strategies users can pick from — choose an approach and the bot handles execution. The rollout targets retail traders in Europe who don't need a full terminal.
Intercontinental Exchange, parent of the NYSE, invested in OKX, pushing its valuation to roughly US$25 billion.
Attackers upgraded a deprecated OKX DEX proxy contract to a malicious version via a compromised proxy-admin private key, draining over $2.7 million in tokens. OKX later removed the compromised proxy from its trusted list and offered compensation.
OKX received a provisional virtual asset license in Dubai in July 2022, allowing it to offer certain products and services to investors in the UAE.
The company formally renamed from OKEx to OKX in January 2022, introducing new branding and a broader product strategy.
Facing new Chinese crypto regulations, OKX (initially headquartered in Beijing) announced it would cease service to Mainland China customers; its founding team subsequently relocated.
OKEx said withdrawals would resume on or before November 27, 2020, ending the roughly one-month suspension.
OKEx (now OKX) temporarily halted withdrawals on October 16, 2020 while founder Star Xu cooperated with a Chinese police investigation.
A trader who bought bitcoin futures on margin with a ~$416 million notional value was force-liquidated; OKEx injected ~2,500 BTC into an insurance fund and imposed a 17% "socialized clawback" on profitable traders to cover the shortfall.
Star Xu's crypto exchange, started as Okcoin in 2013, expanded internationally and launched as OKEx in 2017 in Hong Kong.