Advertiser disclaimer
Advertiser disclaimer
OKB

OKB Price Index

$ 51.17 Ƀ 0.00098633
  • MarketCap
    $ 3,070,823,828
  • Volume
    $ 16,716,505
  • Change
    1.54%
okbOKB
$ 51.17
$ 51.17
1.54%
47,28
OKB
OKB (OKB)
$ 51.17
OKB
OKB (OKB)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on May 01, 2023 | 3 min
Updated on Dec 11, 2023

Overview: What Is OKB + (OKB)? 

OKB Coin is the utility token of the OKX ecosystem and the OKX cryptocurrency exchanges (previously OKEx). It’s an Ethereum ERC-20 token that was launched in March 2018. The OKX exchange emerged in 2017, and by 2018, it had become the largest cryptocurrency exchange, and it is still one of the top exchanges by trading volume.

What Makes OKB Coin Unique? 

The OKB crypto enables advanced trading features on the OKX exchange, provides trading fee discounts for OKB holders, and allows holders to invest in new projects on OKX Jumpstart. OKB Coin owners can also earn passive income via OKX Earn and participate in the governance of the exchange. OKB is one of several utility tokens that help power major cryptocurrency exchanges, including BNB of the Binance exchange, the iFinex and Bitfinex LEO, and the decentralized exchange Uniswap’s (UNI) coin.

OKB History 

OKB was launched by the then-OKEx exchange about a year after the launch of the OKEx cryptocurrency exchange in Malta. OKEx rebranded to OKX in 2022. The exchange gained popularity quickly in the crypto sphere and has retained its reputation and position as one of the top platforms. OKX launched its OKB Buy-Back & Burn program in 2019, buying back OKB tokens every three months and destroying them to benefit OKB holders.

OKB’s price has ranged from a low of $1.35 not long after the launch to its all-time high of $53.49 in April 2023. OKB is currently trading at $42.85 at the time of writing, and although down from its peak price, it has seen gains in 2023.

2023 also saw OKX reveal details of its blockchain project, OKB Chain (OKBC), to solve the limitations of scaling on Ethereum and provide its customers with a streamlined Web3 experience.

What is OKB Coin Used For? 

OKB is available to buy, sell, and trade. It provides trading fee discounts for OKB holders, allows holders to invest in OKX Jumpstart, earn passive income via OKX Earn, and participate in the governance of the exchange.

OKX can be used for margin trading, lending, access to exclusive token listings, and purchasing NFTs. OKB can be staked in the OKX ecosystem for rewards. There are over 80 applications developed in connection with OKB where the token can be used.

How Is the OKB Network Secured? 

As OKB is an Ethereum ERC-20 token, it uses the Ethereum blockchain and benefits from that network’s speed, security, and reliability. Ethereum uses a Proof of Stake (PoS) consensus mechanism to validate and secure transactions on the network.

Where Can You Buy OKB Coin  ? 

As the utility coin for the OKX exchange, the token is listed on the platform, as well as other major cryptocurrency exchanges and CFD brokers. Cryptocurrency exchanges listing OKB Coin include MEXC Global, Gate, Coinex, Bitmart, and HitBTC.

Most frequently asked questions about OKB

Is OKB real or fake?

The OKB token is the utility token of the OKX cryptocurrency exchange and ecosystem. It was launched in 2018, the year after the OKX exchange. The OKX exchange was once the largest cryptocurrency exchange and remains amongst the top cryptocurrency exchanges by volume.

Is OKB crypto a good investment?

To decide if OKB is a good investment, investors should analyze the entire market, any peer cryptocurrencies, and their investment strategy and risk tolerance. OKB is the coin of a significant cryptocurrency exchange. OKX continues innovating as an exchange and developing its blockchain technologies.

What other assets are similar to OKB?

OKB is one of several utility tokens launched by cryptocurrency exchanges, including BNB of the Binance exchange, the iFinex and Bitfinex LEO, and the decentralized exchange Uniswap’s (UNI) coin. These assets can be bought, sold, and traded. The holders can benefit from trading fee discounts and other benefits on the respective exchanges.

What will the OKB price be in 2025?

The OKB price achieved its all-time high of $53.49 in April 2023. Although OKB price has fallen somewhat since then, many analysts are optimistic about the token’s future price. OKB price prediction 2025 estimations typically range from $126 to $135.

What is the future of OKB?

The future of the OKB token depends on the success of the OKX exchange as well as supply and demand. As a utility token, it has several use cases for market investment and speculation. OKX is a successful exchange with a range of future plans to secure its position in the cryptocurrency market and Web3 sphere.

How many OKB coins are there?

When OKB launched, $3 billion tokens were minted with 60% committed for community use. OKB is a deflationary token, meaning that OKB is repurchased by OKX every three months and burned to reduce supply.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
bitcoinBitcoin
$ 51,882.90
$ 51,882.90
1.87%
ethereumEthereum
$ 3,019.62
$ 3,019.62
4.39%
tetherTether
$ 0.999169
$ 0.999169
0.08%
usd-coinUSDC
$ 0.999063
$ 0.999063
0.05%
cardanoCardano
$ 0.604822
$ 0.604822
3.56%
binance-usdBUSD
$ 1.00
$ 1.00
0.3%