OKB
About OKB
OKB is a cryptocurrency created by the OK Blockchain Foundation and the Maltese crypto exchange, OKEx. The exchange is one of the largest in the world, providing a large selection of trading pairs. The OKEx platform has its own cloud mining service. OKB is the OKEx utility token used for various platform services including calculation and payment of trading fees.
In the last hour, OKB's price has seen a change of -0.16%, and over the past 24 hours, its price has moved by +0.90%. Over the previous week, OKB's price has moved by +0.16%. The current price of OKB is AED 444.24, accompanied by a trading volume of 87.42M in the last day. OKB's price is currently 52.94% below its all-time high of AED 943.94, which remains the highest price OKB has achieved since its launch. The circulating supply of OKB stands at 21.00M, translating to a total market capitalization of 9.329B.
Market stats
Frequently asked questions
What is OKB?
OKB is a cryptocurrency used as the native token of the OKEx trading platform. OKEx is one of the world’s largest and most reliable cryptocurrency trading platforms, offering a wide range of trading services and products to users worldwide. OKB was created by OKEx to provide various benefits and incentives to its users within the platform’s ecosystem. As an ERC-20 token built on the Ethereum blockchain, OKB offers users a versatile way to participate in OKEx’s services. The token can be used to obtain reduced trading fees, access advanced trading features, and participate in token sales and Initial Exchange Offerings (IEOs). OKB holders also have the opportunity to participate in the OKEx ecosystem through staking programs.
How does OKB work?
The OKB token operates as an ERC-20 token on the Ethereum blockchain, ensuring compatibility with a wide range of wallets and services. The token operates through a smart contract system that enables secure transactions and integration with various components of the OKEx ecosystem. OKB was initially launched with a maximum supply of 300 million tokens, then underwent a major burn in 2019, reducing its total supply to 300 million tokens, with only 60% (180 million) of them in circulation. The OKB token employs a deflationary mechanism through a buyback and burn program, whereby OKX uses a portion of its transaction fee revenue to purchase OKB tokens and permanently remove them from circulation, which may increase the value of the remaining tokens over time.
Is OKB available on Rain?
We are constantly working to expand our list of available assets, and although we cannot provide a specific date for the listing of OKB at this time, you can follow the latest updates through our official social media channels such as X.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides customers with a regulated framework for trading digital assets in the region.
What are the risks and considerations
Before purchasing OKB, it is important to understand the risks associated with it:
• Liquidity risk: liquidity may affect the coin’s value, which can fluctuate daily.
• Governance and regulatory risk: the coin’s value may be affected by legislation and regulation.
• Custody risks: you must protect your account with a strong password and two-factor authentication and choose an appropriate storage method after thoroughly researching your options.
• Concentration risks: the token relies heavily on the platform, which undermines its decentralized nature.
You should not purchase OKB based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
What are the benefits of holding OKB tokens?
OKB token holders can enjoy discounts on transaction fees based on the amount of OKB they hold, and they can use OKB for various purposes within the OKX ecosystem.
Can OKB tokens be mined?
No, OKB is a non-mineable cryptocurrency, and its creation and distribution are determined by the OKX Foundation.
What is OKB used for in the cryptocurrency market?
OKB is a utility token used on the OKEx trading platform and ecosystem. It offers various benefits such as discounted trading fees, participating in token sales, and other exclusive services within the OKEx ecosystem.
How can users acquire OKB tokens?
Users can acquire OKB tokens through multiple ways, including trading on OKEx, participating in OKEx Jumpstart token sales, buying from other users on the platform, or by earning it through OKEx's loyalty programs.
What sets OKB apart from other cryptocurrencies?
OKB stands out due to its close integration within the OKEx platform and its wide range of utilities. It offers a seamless trading experience, access to exclusive features, and opportunities for users to engage in various aspects of the cryptocurrency market.
What is a OKB wallet?
A OKB wallet is where you can securely store OKB. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a OKB address?
A OKB address is a string of unique characters that is tied to your OKB wallet. The address functions just like a bank account number and it is what you use in order to send OKB from your wallet, or to receive OKB to your wallet.
What are the most popular cryptocurrencies besides OKB?
Besides OKB, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of OKB be in next 5 years?
Price predictions for OKB over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading OKB taxable?
Trading OKB may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is OKB's ATH?
OKB’s all-time high (ATH) was AED 943.94 on 22 Aug 2025. This represents the highest recorded market price of the asset to date.
When will OKB be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for OKB just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of OKB?
With a market capitalization of 9.329B, OKB is ranked 39 among other crypto assets.
What is the all-time high of OKB?
The highest valuation of OKB since its launch was at AED 943.94, marking its all-time high.
What is the 24-hour trading volume of OKB?
The trading activity of OKB over the last 24 hours was at 87.42M, highlighting its liquidity in the market.
How many OKB are there in circulation?
There are approximately 21.00M units of OKB currently in circulation, affecting its market dynamics.
What is the relative popularity of OKB?
OKB market cap is around 9.329B.
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