OKX Exchange News
OKX Promises Improvements After Founder Acknowledges User Backlash
OKX, one of the world’s largest crypto exchanges, faced rare public backlash after a viral post criticized its leadership and lack of user engagement. The post, which contrasted OKX with...
OKX to Retire Over 65 Million Tokens, Sending Price to New Highs
OKX announced it will burn 65,256,712.097 OKB tokens, valued at approximately $7.6 billion. The huge deflationary action ranks among the largest in the history of cryptocurrency exchange tokens. Following the...
OKX Expands into Payments with OKX Pay Wallet Launch Following US Market Re-Entry
Major crypto exchange OKX is getting ready to launch a new payment service called OKX Pay Wallet. OKX Founder and CEO Star Xu announced the upcoming launch via a post...
Roshan Robert Appointed CEO to Lead OKX’s United States Division
Cryptocurrency exchange OKX has relaunched its U.S. operations just weeks after settling legal issues with federal authorities. The company has now rolled out a new centralized trading platform and a...
OKX Wins Major European MiFID II License: To Start Regulated Crypto Derivatives Trading
OKX, a cryptocurrency exchange, has scored a Markets in Financial Instruments Directive II (MiFID II) license in Europe. This allows OKX to offer regulated derivatives products and services to institutional...
After Bybit Hack, European Regulators Now Question if OKX Was Involved
European regulators are said to be looking into crypto exchange OKX’s trading and self-custody offerings after revelations that North Korea’s Lazarus Group laundered funds from the $1.5 billion Bybit hack...
Pi Network Listing Splits Crypto Exchanges: Bybit Says No
Bybit CEO Ben Zhou has flat-out said “no” to listing the Pi Network (PI) token, making it clear the exchange wants absolutely nothing to do with the project, thereby casting...
EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges
The European Union’s Markets in Crypto-Assets Regulation (MiCA) is changing the region’s crypto market. Because of the new rules, some crypto exchanges in the EU removed Tether’s USDT stablecoin from...
BTC’s Wild Ride: $63K to $96K on Upbit After Martial Law Repeal
Bitcoin’s value plunged to $63,000—a 30% drop—on South Korea’s Upbit exchange following the nation’s shocking martial law declaration. This move triggered widespread panic among investors, causing significant sell-offs and technical...
Bitget Overtakes OKX, Becomes Top 3 Futures Trading Platform
Bitget cryptocurrency exchange has hit a new milestone with record-breaking trading volumes, open interest, and Daily Active Users (DAUs). The surge in activity comes as the global crypto market continues...
French Investor Bets $4.48M on Trump Victory via Polymarket
A French national placed significant bets on Polymarket, a popular crypto-based prediction market, speculating on Donald Trump’s chances in the upcoming U.S. presidential election. As highlighted by Lookonchain, Trump holds...
BitForex’s Slow Exit: Withdrawal Delays Frustrate Users
BitForex, the now-defunct cryptocurrency exchange, issued a reassuring update early Saturday, promising to continue processing withdrawals for users who still have assets on the platform. In a recent X post,...
Tornado Cash: Hackers Launder $37 Million in Stolen Ethereum
In a recent development, blockchain security firm PeckShieldAlert reported that a hacker-labeled address linked to Crypto Exchange Rain transferred 721 Ethereum (ETH), valued at approximately $1.7 million, to the crypto...
Crypto in Nigeria: A Rollercoaster of Regulation, Arrests, and P2P Boom
Nigeria, Africa’s largest crypto market south of the Sahara, is experiencing a dramatic shift in its cryptocurrency landscape. Recent regulatory actions and high-profile cases, such as the arrest of Binance’s...
Crypto Market Volatility Surges as Bitcoin Options Expiry Looms, Mt. Gox Sells
Centralized exchanges saw liquidations totaling $85 million in the past hour as Bitcoin faced heavy selling pressure linked to Mt. Gox’s customer compensation, according to data. Long positions liquidated during...
Binance Slapped with $2.25 Million Fine by Indian Financial Regulator
India’s Financial Intelligence Unit (FIU) has fined Binance, the world’s largest cryptocurrency exchange, $2.25 million for allegedly operating in the country without complying with anti-money laundering regulations. This marks the...
zkSync Slumps: OKX CEO Offers Counter-Narrative
OKX CEO Star Xu has questioned the growing criticism surrounding zkSync, a layer-2 scaling solution for Ethereum. Many have accused zkSync of being a “scam,” particularly in the wake of...
OKX Hacked: Victims Reimbursed, 2FA Security Beefed Up
The two OKX users who were recently hacked received their full compensation from OKX. . Chinese crypto journalist Colin Wu had a report on two user accounts that were hacked...
OKX Backlog Snarls Bitcoin Transactions, Fees Surge
A backlog of user wallet consolidation transactions on cryptocurrency exchange OKX is causing significant congestion on the Bitcoin network. Mempool founder @mononautical reports that OKX has nearly 1,000 unconfirmed transactions...
Hong Kong’s Crypto Ambitions Thwarted by Mainland China’s Crackdown
Regulatory pressure from mainland China is prompting many top crypto firms to withdraw their license applications in Hong Kong. According to reports, local affiliates of top exchanges with ties to...
OKX Retreats from Hong Kong as Crypto Regulations Tighten
OKX, the Seychelles-based cryptocurrency platform, has withdrawn its application for a Virtual Asset Service Provider (VASP) license in Hong Kong, citing a reassessment of its business strategy. The exchange announced...
High Volatility Woes: Notcoin Price Drops Despite Exchange Support
The recent launch of Notcoin (NOT), a gaming token designed to introduce users to the Web3 ecosystem, was marked by significant volatility. Within 24 hours of its highly anticipated airdrop,...
OKX Becomes the Largest Crypto Exchange Offering AUD Services
OKX, the second largest crypto exchange by trading volume, has announced the launch of its spots and derivatives crypto trading platform in Australia. With its efforts to expand its services...
Breaking: OKX Jumpstart Introduces RUNECOIN Mining By BTC Staking
OKX Jumpstart, a leading centralized exchange (CEX), has recently introduced RUNECOIN (RSIC•GENESIS•RUNE) on the platform. As per the official announcement dated April 29, 2024, OKX Jumpstart will commence RUNECOIN mining...
OKX Founder Dismisses Rumors About His Arrest in the United States
In a recent turn of events, rumors have circulated regarding OKX Founder Star Xu’s arrest by American authorities. However, Xu has refuted the claims by posting messages on his official...
