Okex becomes OKX and launches its OKB token

You may have already come across the Okex platform ? It's a really well-known exchange platform and is among the top 5 along with Binance for example.

Well, just like Binance, Okex has also decided to embark on decentralization. Moreover, we see that it is much more than a trend and that many platforms will start to do it, to stay in the race and also to benefit from the ever stronger growth of DeFi.

So, the news broke yesterday, January 18th: the OKEX exchange platform becomes OKx.

Why a rebranding of Okex?

In the word Okex, there is the word "ex" for (not your ex boyfriend/girlfriend) for exchange. So, to remove the idea of ​​a (centralized) exchange platform, the letter x is removed and this naturally gives okx.

Well, it's still pronounced the same way. The logo has also changed.

More modern, more colorful and more decentralized. Okx made the right bet.

I remind you that they started when Ethereum did not even exist. And, the sustainability of their companies and their adaptability shows us that it is a solid company, which wants to remain among the leaders.

OKx is also launching into DeFi?

In fact, we are also writing to tell you about MetaX, which is the actual decentralized part of Okx. The company launched the decentralized OEC chain which offers a transaction speed of 1000 transactions per second.

Users can then log in with their metamask and perform operations such as yield farming . Okx has ambitious plans and will also include an NFT platform. At the time of writing, the DeFi component is not yet operational and is still under development.

The native token, OKT, will be used in the OEC blockchain. It is available for purchase for those who like to invest in this type of token, so it's worth considering.

(The OKB platform token will continue to be used naturally on the exchange platform.)

---

Not all articles on Zonebitcoin are financial advice. Always do your own research. Investing in cryptos involves risks.

---