What is OKX? Team Background and History (OKX's most authoritative mystery solving)
August 24th, 2022

1.
OKX was founded in 2017 as a cryptocurrency trading services company. The company has since amassed over 20 million users and expanded its digital asset investment portfolio, which includes OKX Earn, a tool for earning passive cryptocurrency income, an NFT trading platform and decentralised app discovery centre, and the recently launched MetaX, OKX's new decentralised model that offers a cross-chain dashboard and self-hosted Web 3.0 wallet for storing (digital assets such as NFT).
With over 250 digital assets listed on the OKX exchange, the platform has long been number one in cryptocurrency futures trading volume and recently became the second largest cryptocurrency spot trading platform in the world. 2021 saw total trading volume on the platform, including spot and derivatives, grow by over 700%, while the number of trades executed on the platform grew by over 480%. In the past year, over US$5.1 billion of user funds were deposited through OKX Earn's equity pledge, savings and DeFi products, and over US$314 million of passive income was paid out.
(1) Founder Introduction
Mr. Star Xu, founder of OKEX Exchange (OKcoin, okcoin, Eurocoin Group), graduated from Renmin University of China with a degree in Physics, and it was during his studies that China's online shopping business began to take off. After a short stint at Yahoo China, he joined the founding team of Doudin.com as CTO. After years of diving, Star Xu noticed the Bitcoin trend and set up the OKCoin Bitcoin trading platform in 2013 with the intention of trying it out, never expecting it to become famous.
Mr. Xu Mingxing's Education
Mr. Xu received his undergraduate degree in Physics from the University of Science and Technology Beijing and his master's degree in Mathematics from Renmin University of China, from which he later dropped out. During his studies, he co-authored a sci-fi paper on the lattice, elastic, polarization, and electrostrictive properties ofbatio3batio3from first-principles.
Biography of Mr Xu Mingxing
Mingxing Xu graduated from Renmin University of China in 2005 with a Bachelor's degree in Physics, and then dropped out on his way to a Master's degree. After dropping out, he took up an internship at Yahoo China, where he was responsible for search technology.
In 2007, he met Lin Yaocheng, the founder of Doudin.com, and they started Doudin.com together, with Xu Xingxing as the CTO.
In 2013, Xu left Doudin, where he had worked for six years, to set up the Bitcoin trading platform OKCoin and became its CEO.
In September 2015, Mr. Xu Xingxing, CEO of OKCoin trading platform, was awarded the "Top 100 Innovative and Outstanding Talent in China Brand Building Practice" award.
In September 2015, Good Money Network Technology (Beijing) Co., Ltd. was established, and Beijing Ocai Lianchuang Network Technology Co., Ltd. controlled by Xu Xingxing holds 100% of its equity.
In November 2015, Xu Xingxing served as a director of OKC FINANCIAL COMPANY LIMITED (Hong Kong Okai Finance Limited).
In September 2016, Xu Xingxing also served as an executive director and manager of Beijing Lekuda Network Technology Co.
15 January 2016 Xu Xingxing, the founder of OKCoin, participated in the first council of the China Blockchain Application Research Centre and held the position of chairman.
On 11 February 2018, a media report stated that Xu Xingxing, the founder and CEO of OKCoin, had resigned from his position as CEO of OKEX.
Mr. Xu Xingxing's worth
Xu Mingxing, single-handedly founded OKCoin and OKEX, the world's leading Chinese digital exchanges, with a daily trading volume of approximately RMB 4.798 billion, ranking in the top three globally. The exchange earns a daily profit of around US$1.24 million in fees alone. Xu Mingxing himself is, of course, worth more than you can imagine in billions.
Mr. Xu Mingxing's achievements
2014.11 okcoin was awarded the "2014 China Top 100 Innovative Growth Enterprise of the Year" by VentureBeat
2014.12 okcoin was awarded the "2014 Financial Enterprise of the Year Award" by the National Information Industry Public Service Platform
2015.1 okcoin was awarded the "China Internet Finance Leader List Annual Innovation Brand" by the China Internet Finance Consortium (cifc)
2015.1 Xu Mingxing shared his entrepreneurial experience as one of the "New Startups Under 30" at the Entrepreneurship Nation Annual Gala
2015.9 At the 2015 (11th) China Enterprise Integrity and Competitiveness Forum Summit, hosted by the well-known official media Economic Daily, Xu Mingxing, CEO of okcoin trading platform, won the "Top 100 Innovative Talent in China Brand Building Practice" and okcoin trading platform (Beijing Lekuda Network Technology Co., Ltd.) won the "China Virtual Currency Trading Service Platform Award (the only one)". the only one)".
(2) OKX Development History
OKX was founded by Xu Xingxing in 2017 and was initially registered in Belize.
January 20, 2018 OKEx officially launched its platform coin OKB, which was issued by OK Blockchain Foundation and designed and launched by OKEx R&D staff
2 July 2018Registered address moved from Belize to Malta, with offices and recruitment of talent in the country
6 November 2018 YucoinPay product launched. YuCoinBao is a coin-value-added product that can be deposited and withdrawn as you go.
10 February 2020 OKEx public chain OEC test network goes live.
In February 2021, OKEx launched its Chinese name, OuYi, with a new mission of "making individual value more respected" and a vision of "enabling 100 million people worldwide to own digital assets", and started its global strategic layout.
In January 2022, OKEx changed its name to OKX.

  1. The content introduced above is only about the basics of cryptocurrency, which is related to whether we can make money through cryptocurrency. Cryptocurrencies make money not only by scientific methods to increase income, but also by finding ways to save money. The handling fees are small, but they must not be ignored. I have calculated that with frequent transactions and long trading hours, the accumulation of fees can add up to more than 10,000 U a year. Next I will introduce a few common ways to reduce fees on large trading platforms.
    (1) Lowering Binance's fees
    Binance is currently the world's largest digital currency exchange, and you must sign up for Binance if you want to speculate on coins. The transaction fee is deducted from the assets received. For example, if you buy Ethereum/USDT, the fee is paid in Ethereum. If you sell Ethereum/USDT, the commission is paid in USDT.
    Example.
    You place an order for 10Ethereum at a price of USD3,452.55 per share.
    Transaction fee = 10Ethereum0.1% = 0.01Ethereum
    Or you place an order to sell 10Ethereum at 3,452.55 USDT per share.
    Transaction fee = (10Ethereum
    3,452.55USDT)*0.1% = 34.5255USDT
    What many people do not know is that the Binance transaction fee can also be reduced. If you want to reduce your Binance trading fees, you must register using the invitation link below or use the invitation code "Q022W7SC".
    https://accounts.binance.com/en/register?ref=Q022W7SC

(2) Reducing OKX fees
OKX is a professional digital currency trading platform loved by many users, and its transaction fees can be reduced.
Depending on the volume of transactions, OKX divides its users into two levels: normal and professional. Ordinary users are graded according to their OKB positions, while professional users are graded according to their trading volume and asset size. The different tiers determine the trading fees for the next trading day.
When calculating the fee levels, if the coin trading volume, total trading volume of delivery and perpetual contracts (USDT delivery contract, coin-based delivery contract, USDT perpetual contract, coin-based perpetual contract), option contract trading volume, and asset volume meet the conditions of different fee levels, users will enjoy the fee discount of the highest level.
First method: OKX has an official maximum saving of 20%. Use the link below to register with OKX and save 20% on fees.
https://www.ouyi.business/join/BTC1ETH
Second method: Open the OKX website and enter "BTC1ETH" in the "Invitation Code" on the registration page to see the cashback percentage: 20% at the bottom.
Be sure to enter this invitation code, otherwise you can not get 20% cashback percentage.
(3) Reduce FTX fees
FTX is currently a very fast-growing, contract players more exchange, you must register FTX if you play the contract. if you want to reduce the FTX transaction fees, you must use the following invitation link to register.
https://ftx.com/referrals#a=121031692
3, trading road is long, together with forward
Want to know more about how to reduce the commission?
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