OKCoin

Extracted Attributes

• Founded

  2013

• Founder

  Star Xu

• Industry

  Blockchain Technology and Cryptocurrency Exchange

• Headquarters

  San Jose, California, United States

• Employee Count

  Over 5,000 worldwide

• Regulatory Status

  Registered Money Services Business (MSB) with FinCEN

• Secondary Location

  San Francisco, California, United States

• Venture Capital Received

  $10 million USD (March 2014)

Timeline

• OKCoin is founded by Star Xu as an international digital currency exchange. (Source: Wikipedia)

  2013-01-01

• OKCoin receives over $10 million in venture capital from investors including Tim Draper and Ceyuan Capital. (Source: Bitcoinwiki)

  2014-03-01

• The company officially rebrands from Okcoin to OKX and establishes a presence in the United States. (Source: Wikipedia)

  2017-01-01

• The FDIC issues a demand letter to OKCoin USA Inc. regarding false and misleading statements about FDIC insurance coverage for crypto accounts. (Source: FDIC Legal Division)

  2023-06-15

OKX

OKX, formerly known as OKEx, is a San Jose-headquartered blockchain technology company that operates the second-largest cryptocurrency exchange in terms of daily trading volume, and provides access to decentralized finance (DeFi) through its OKX Wallet. The company was founded by CEO Star Xu in 2013 as Okcoin, and later rebranded to OKX in 2017. In addition to San Jose, the company has an office in New York in the United States, operates a regional headquarters for the Middle East in Dubai and has locations in Singapore, the Republic of Türkiye, Australia Brazil, and in the European Economic Area (EEA). OKX has more than 5,000 employees worldwide. One of the world's most regulatory compliant, licensed crypto companies, it holds licenses in the United States, the UAE, the EU, Singapore and Australia, as well as in other markets. OKX has partnerships with brands and sports teams including Manchester City, McLaren, and the Tribeca Film Festival.

Web Search Results

• OKCoin - Bitcoinwiki

  ## Description International exchange of digital currencies OKCoin was founded in 2013. Rapidly developing, the company has established itself in the market as the largest exchange in terms of trading volumes. Strong management and technical team, headed by the Director General of the Old Xu (Xu Star) and technical Director of Changping jao (ChangpengZhao), put the company in the bitcoin industry with great success. In March 2014, OKCoin has received more than $10 million of venture capital from known investors such as Ceyuan Capital, Venture Labs and a famous investor from the Silicon Valley, Tim Draper (Tim Draper). [...] Despite the fact that the cryptocurrency exchange supports only four currency pairs, it is one of the largest platforms in the industry. In the past, it has always been at the top of the rankings. With increasing competition in the field, the platform’s positions decreased slightly, but not significantly. In terms of trade volume, it is slightly inferior to the leading platforms Poloniex and Kraken. According to the service CoinMarketCap, as of November 11, 2017, the daily trading volume on this exchange cryptocurrency is $13 728 807, which at the current rate corresponds to 2 172 BTC. It is worth noting that such a low figure is very much associated with the lack of the ability to enter US dollars on the platform. Earlier, the exchange demonstrated significantly higher trading volumes. [...] The size of the commission is small, the maximum can reach 0.2%. The support of margin trading is implemented at this crypto-exchange. Consequently, traders can use leverage to trade, which is an additional profit-making tool. To work in this mode, it is not necessary to have a cryptocurrency on the balance. But, it is necessary to understand that this is a risky tool, because, in the event of adverse changes in the rate, you can incur serious losses. Commission fees when using the margin trading regime are even more loyal. The size of leverage in the mode of margin trading depends on the level of the user, which is determined, including, based on his trading volumes.

• Read Customer Service Reviews of okcoin.com - Trustpilot

  Okcoin is on a mission to building an inclusive future of finance. Crypto for all. As the world's largest global cryptocurrency exchange — with the lowest fees around — we provide secure trading for top currencies such as bitcoin (BTC), ethereum (ETH), tether (USDT), Stacks (STX), and more. We support customers across 184 countries, offering the lowest trading fees in the industry with the shortest signup to trading time (less than 2 minutes). From first time bitcoin buyers to institutions trading an advanced portfolio of cryptocurrencies, traders turn to Okcoin to get the most out of their trades. As a global, regulated cryptocurrency exchange, we enable customers to easily transition between crypto and the US dollar, euro, and Singapore dollar. Okcoin’s advanced trading tools and easy [...] Singapore dollar. Okcoin’s advanced trading tools and easy payment options, provide a reliable, secure and frictionless trading experience to help onboard the investors and traders who have been on the fence about crypto until now. Headquartered in San Francisco, California, Okcoin has offices in Hong Kong, Singapore, Malta and Japan. Okcoin is a registered money services business (MSB) with the Financial Crime Enforcement Network (FinCEN). [...] Unprompted review ## OKCoin likes to brag about being… OKCoin likes to brag about being global, but the settlement times left me cold. I rolled $8,000 in XRP into Fidexy, withdrew in USDT, and $720 appeared — exactly 9 percent back while OKCoin was still “processing.” If that is the delay for one trade, I cannot fathom being stuck in slower lanes.” April 17, 2025 Unprompted review ## This is a bad company dont put your… This is a bad company dont put your money in it you will not be able to make a withdraw complain to the review on my display picture and thank me later March 9, 2025 Unprompted review ## Please help me withdraw my money in my… Please help me withdraw my money in my account.thank u February 22, 2025 Unprompted review ## This is a terrible company stay away or…

• [PDF] OKCoin USA Inc. - Potential Violations of Section 18(a)(4) of ... - FDIC

  LEGAL DIVISION Federal Deposit Insurance Corporation Via Overnight Mail June 15, 2023 Hong Fang, Chief Executive Officer OKCoin USA Inc. One Sansome St, Suite 3500 San Francisco, CA 94104 compliance usa@okcoin.com support@okcoin.com RE: Potential Violations of Section 18(a)(4) of the Federal Deposit Insurance Act Dear Ms. Fang: The Federal Deposit Insurance Corporation (“FDIC”) has reason to believe that OKCoin USA Inc. (“OKCoin”) and its senior executives have made false and misleading statements, directly or by implication, concerning OKCoin’s insured status, in violation of section 18(a)(4) of the Federal Deposit Insurance Act (“FDI Act”), 12 U.S.C. § 1828(a)(4) (“Section 18(a)(4)”), and its implementing regulation, 12 C.F.R. Part 328, Subpart B (“Part 328”). We hereby demand that you [...] appear on OKCoin’s website and a social media post. For example: • OKCoin advertises that it is “Licensed across the US with FDIC insurance on OKCoin accounts” as one of “10 Reasons to Use OKCoin Crypto Exchange” and asserts “OKCoin provides FDIC insurance for all USD deposits.” See crypto-exchange/ (emphasis added). Legal Division 550 17th Street NW, Washington, D.C. 20429-9990 www.fdic.gov LEGAL DIVISION Federal Deposit Insurance Corporation • OKCoin advertises that a particular blockchain available from OKCoin has “received broad regulatory acceptance from . . . the FDIC.” See (“Provenance Blockchain and its utility token” HASH has “received broad regulatory acceptance from the SEC, OCC, FED, and the FDIC”). • The Chief Marketing Officer of OKCoin and your affiliated exchange, OKX, [...] Officer of OKCoin and your affiliated exchange, OKX, has made a social media post on Twitter: “if you are in the US we offer FDIC insurance on USD deposits[.]” See These statements appear to contain false and misleading representations regarding FDIC deposit insurance. For example, statements that OKCoin is licensed “across the US with FDIC insurance on OKCoin accounts”, “OKCoin provides FDIC insurance for all USD deposits”, “we offer FDIC insurance on USD deposits”, and a particular blockchain has “received broad regulatory acceptance from . . . the FDIC” imply and suggest that OKCoin is itself FDIC-insured, that funds deposited with OKCoin will be insured by the FDIC, that FDIC insurance applies to non-deposit products, and that the FDIC insures or otherwise endorses a particular

• OKX - Wikipedia

  OKX, formerly known as OKEx, is a San Jose-headquartered( blockchain technology company that operates the second-largest cryptocurrency exchange in terms of daily trading volume "Volume (finance)"),( and provides access to decentralized finance (DeFi) through its OKX Wallet.( The company was founded by CEO Star Xu in 2013 as Okcoin,( and later rebranded to OKX in 2017.

• Okcoin Cryptocurrency Exchange | Buy Bitcoin, Ethereum & Crypto

  # Okcoin is rebranding to OKX You are seeing this message because we are consolidating our brands. Okcoin has been servicing US customers in 41 states, and we are now excited to leverage our recognized OKX global brand in the US market. Why rebrand Why rebrand OKX is a globally recognized brand. With its numerous ecosystem partnerships, its recent innovations in web3, and its multi-year relationships with top global sports and entertainment properties, OKX has established itself as one of the most recognized and trusted crypto brands in the world. We believe rebranding to OKX globally gives Okcoin products and services more velocity, under a globally reputable brand. Commitment to the US Commitment to the US [...] A bit more for our existing customers... If you are a current Okcoin customer, you can access your balance and withdraw your assets at any time. We hope you take the journey with us as we rebrand to OKX in the coming months. Once the rebrand is complete, our US customers will have access to the same services you enjoy, such as spot trading, simple buy and sell for select assets. US customers will also be able to access a self-custody wallet along with new web3 services we will announce in the coming weeks. Choose your language Partner Link [...] Commitment to the US Commitment to the US The US market presents the best environment for innovators. Thats why we established ourselves in the United States in 2017, and made significant investments in licensing and building our community here. With the rebrand to OKX, we are doubling down on the US market, and offering a strong alternative to our US-based customers who are looking to get into crypto. Our future promise Our future promise