OKB is the payment token of the OKEx exchange. OKEx is a Malta-based exchange that launched in 2017. It is a token economy system designed to link high-potential projects to OKEx users, including professional investors. 

OKEx’s overarching goal is to create an ecosystem to advance the development of blockchain technology and the digital asset industry. OKB is accepted on OKEx and forms a key part of OKEx's own architecture and development. 

​​The original exchange was a spot crypto trading exchange that has expanded rapidly since its launch. It is available in over 100 countries and the BTC futures trading on OKEX recently surpassed $1.5bn per day in daily trading volume.

What are OKB key features and how does it work?

OKEx exchange aims to offer services that cover every type of trader, from beginner to veteran. As such, it operates in more than 200 nations around the world and delivers 400+ trading pairs, several fiat currencies. 

Users can benefit from using OKB to receive trading fee discounts, as well as use the platform to earn passive income and take part in token sales.There are different ways to spend OKB via the platform. These vary from security services, financial services, and utility services.

As mentioned, OKB offers many derivatives features. This includes OKB Futures. Futures are instruments whereby you agree to buy or sell some asset in the future at some predetermined time. These futures contracts are an obligation to buy / sell which makes them differ from options. OKEX derivatives offer futures instruments on a total of 9 assets: Bitcoin, Litecoin, Etheruem, Ethereum Classic, Ripple, EOS, Bitcoin Cash, BSV and TRX.

Other services available on the platform include perpetual swap and options. Perpetual swaps allow you to hold a position without any time limit and withdraw your realized profits anytime. Options are derivative instruments that give the holder the right but not the obligation to buy or sell some asset in the future at some predetermined time.

All of these tools offered by OKEx have comparatively low trading fees. The exact fee amount does, however, depend on the type of trading instrument, trading tier, and the amount of OKB held by the trader.

OKEX have developed their own trading application for ease of use. This app allows trading on all markets available at OKEX. This includes their futures markets, spot markets and margin trading.

Where can you buy OKB?

OKB can be bought and sold at any of the exchanges listed here.