what year was okx exchange established

Founded in 2017 as OKEx, the OKX exchange has grown into a leading global platform, offering diverse services and boasting millions of users across 200+ countries.

Mar 21, 2025 at 04:36 pm

In the field of digital currency trading, OKX Exchange is quite influential. Understanding its establishment time can help us better grasp its position in the development of the industry. So, in which year was the OKX Exchange established?

OKX Exchange was founded in 2017 . Its predecessor was OKEx, which was originally a world-leading digital asset service platform. Since its establishment, OKX has been growing and growing, and has built a rich and diverse product matrix, covering currency, leverage, options/delivery/perpetual contracts, DEX trading, Yubibao, DeFi mining, lending and other businesses. Its service scope covers more than 200 countries and regions, with a huge number of tens of millions of users, and maintains a leading position in the industry for a long time.

On October 31, 2017, OKEx was officially launched , marking its emergence in the digital asset trading market. Then on January 20, 2018, the platform launched an important platform coin OKB. OKB is based on blockchain technology and adopts the token economic model to build a communication bridge between innovative digital asset projects and high-end users and investors of OKEx, which has effectively promoted the creation of the OKEx ecosystem closed loop. On June 19 of the same year, OKEx launched the win-win plan for open exchanges, which was later renamed the OKEx cloud platform. Through this platform, OKEx opens its advantageous resources such as matching system, counter system, cold wallet system, hot wallet system, fund clearing system, global multilingual customer service capabilities, global customer identity identification and anti-money laundering systems accumulated in the field of digital asset trading to "OK partners", helping to build more than 120 autonomous, efficient and transparent digital asset trading platforms.

During the development process, the registration place of OKEx has also changed. On July 2, 2018, its registered place was moved from Belize to Malta, and its offices and recruitment of talents were established in Malta, which laid the foundation for its expansion of the international market.

On February 2, 2021, OKEx officially launched the Chinese name "Ouyi". On October 13 of the same year, affected by the regulatory policies of mainland China, OKEx issued a notice that since September 2017, it has shifted its business focus to the international market and no longer promotes and services for the mainland China market. Its website is inaccessible in mainland China, and the app has also been removed from the application market in mainland China. On January 18, 2022, cryptocurrency exchange Ouyi announced another major change, and OKEx was renamed OKX.

Since its establishment in 2017, OKX Exchange has experienced many business expansion, brand upgrades and strategic adjustments, leaving a profound footprint in the global digital asset trading field. Its development history has witnessed the changes in the digital currency industry and also provided an important trading and development platform for many investors and practitioners.

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