How OKX Works | OKX Trading Tutorial | Okex Futures Trading
285How OKX Works | OKX Trading Tutorial | Okex Futures Trading
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Welcome to our How OKX Works Video!
What Is OKX?
Founded in 2017, OKX is a popular cryptocurrency exchange that leverages blockchain technology to offer clients an extensive portfolio of trading products. Hundreds of tokens are offered to clients in more than 200 countries. The company’s headquarters are in the Seychelles.
Formerly OKEx, the company rebranded in 2022 to reflect its advancements in the crypto and web 3.0 industries. Its offering has expanded to include a suite of DeFi products, NFTs and games, in addition to its spot, margin, options, perpetual swaps and mining services.
The owner and CEO have made news headlines as trading volumes have surged with $1.5 billion in BTC futures passing through the platform daily.
OKX also has a sister platform, OkCoin. OkCoin is a crypto exchange white label service. In addition, company announcements show the broker is developing its own blockchain called OKChain.
OKX recently secured a provisional virtual-asset license from the Dubai Virtual Assets Regulatory Authority (VARA), making it one of the few top exchanges to hold the license. The license will permit the exchange to offer its services and products to investors and financial service providers in Dubai.
Products & Tokens
OKX offers OTC crypto-to-crypto trading in addition to fiat-to-crypto trading. 400+ tokens can be found on the platform, from big names like Bitcoin and Ripple to emerging coins like Chia and Dogecoin.
Clients can also speculate on the digital currency markets using quarterly futures, perpetual swaps and options. For traders interested in these alternative products, the exchange collates useful data in an easy-to-digest format, with the latest prices, recent volumes, plus open interest information.
Trading Platform
The crypto broker offers a hassle-free web-accessible platform. Once you have your login details, you can open up the online platform via the OKX website.
With a clean interface and intuitive dashboards, clients can view crypto prices in real-time, buy and sell Bitcoin and other digital assets in a few clicks, plus set up live price-change alerts on the coins they follow.
The platform also lets you compare token prices across exchanges and analyze volume data.
Deposits & Withdrawals
OKX accounts must be funded with digital currencies – fiat currency deposits are not accepted. Clients can purchase cryptos using a credit card or transfer tokens from a hardware wallet address or alternative exchange.
Crypto transfers generally take just a few minutes.
When it comes to buying digital assets, clients can choose from a range of payment options, including credit and debit cards, bank transfers, Google Pay and PayPal. USD, GBP and EUR, among other currencies, are supported.
Leverage Review
OKX offers margin trading with up to 1:20 leverage, notably higher than competitors. Leverage levels can be adjusted when you sign-up for an account and interest rates are displayed on the platform.
Several margin modes are available through the exchange: single-currency, multi-currency and portfolio margin mode.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our How OKX Works video. Make sure to leave a like on the video if you gained value from it!
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⏰Timestamps⏰
0:00 OKX introduction
00:15 OKX Project
06:12 OKX Project Summary
06:31 OKX Project Outro