OKB, a cryptocurrency introduced by the OK Blockchain Foundation and the Maltese crypto exchange,
OKEx, derives from one of the globe's largest exchanges, ranking third in liquidity and fourth in trading volume. Offering an extensive array of trading pairs, OKEx shares similarities with the prominent exchange Binance, albeit with notable distinctions. OKEx boasts its cloud mining service and prioritizes options trading, contrasting Binance's global approach encompassing diverse crypto services.
Functioning as the OKEx utility token, OKB facilitates access to specialized features within the exchange. It's utilized for computing and settling trading fees, enabling user participation in voting and governance, and rewarding holders of OKB.
Since its inception in 2017, OKEx has evolved into a leading global trading platform. Stemming from the original OKCoin platform (active in China since 2013), OKEx now focuses on crypto trading, distinct from OKCoin's focus on fiat-to-crypto exchange. OKEx offers a built-in
API for algorithmic trading, a multi-currency wallet, and margin trading capabilities.