OKB is the payment token used on the OKEx exchange. OKEx is an exchange based in Malta that debuted in 2017. Its token economy is built to connect high-potential projects with OKEx users, including experienced investors. 

OKEx’s main ambition is to cultivate an ecosystem that supports the growth of blockchain technology and the broader digital asset industry. OKB is used within OKEx and is an important element of OKEx’s platform design and ongoing development. 

​​The exchange started as a spot crypto trading venue, and it has grown quickly since launch. It is now accessible in more than 100 countries, and the BTC futures market on OKEX has recently exceeded $1.5bn per day in daily trading volume.

What are OKB key features and how does it work?

OKEx is designed to provide services for traders of all experience levels, from newcomers to seasoned participants. To do this, it operates across more than 200 nations and supports 400+ trading pairs along with multiple fiat currencies. 

By using OKB, users can get trading fee discounts, and they can also access passive income options and participate in token sales. OKB can be used in several ways on the platform, including spending on security services, financial services, and utility services.

As noted, OKB also supports a range of derivatives capabilities. One example is OKB Futures. Futures are contracts where you agree to buy or sell an asset at a set future date and time. Because these contracts create an obligation to buy or sell, they work differently from options. OKEX derivatives provide futures exposure across a total of 9 assets: Bitcoin, Litecoin, Etheruem, Ethereum Classic, Ripple, EOS, Bitcoin Cash, BSV and TRX.

The platform also offers perpetual swaps and options. Perpetual swaps let you keep a position without a time limit and withdraw your realized profits whenever you choose. Options are derivative products that grant the holder the right, but not the duty, to buy or sell an asset at a specified time in the future.

Together, these tools are offered with relatively low trading fees. The precise fee level still depends on the type of trading instrument, the trading tier, and how much OKB the trader holds.

OKEX has created its own trading application to make trading more convenient. The app supports trading across all markets available on OKEX, covering futures markets, spot markets, and margin trading.

Where can you buy OKB?

OKB can be purchased and traded on any of the exchanges listed here.