OKX

OKX rolls out tokenized stock and commodity perps for EU retail traders, expanding competition with Coinbase, Kraken and Binance in regulated derivatives.

OKX Ventures and KIS to invest $53 million each for a 19.6% stake in Coinone, deepening ties between traditional finance and crypto in South Korea’s tightly regulated market.

The crypto exchange's investment arm and Korea Investment & Securities will each invest KRW 80 billion ($53 million) as Coinone pushes into stablecoins and tokenized securities.

This marks the latest move by a global crypto giant to secure a foothold in South Korea, following Binance's acquisition of Gopax.

Exchange OS moves core exchange functions, such as matching, margining, liquidation, and settlement, to the protocol layer.

OKX's oil perps contracts will track Intercontinental Exchange's Brent Crude and WTI Crude energy benchmarks.

OKX debuted perpetual oil futures tied to Intercontinental Exchange’s benchmarks, the latest sign of growing competition for Hyperliquid.

ICE and OKX plan to launch oil-linked perpetual futures based on Brent and WTI benchmarks, bringing crypto derivatives further into traditional energy markets under licensing restrictions.

The new partnership comes as Hyperliquid’s oli futures contracts that never expire have been a huge success with over $1.6 billion in 24-hour trading volume.

OKX's planned move into the South Korean market would echo that of Binance, which completed its acquisition of Seoul-based Gopax last year.

OKX is reportedly seeking a 20% stake in South Korean crypto exchange Coinone as foreign and domestic firms compete for market access.

If approved, OKX would become the second global exchange to own a majority stake in a South Korean crypto platform, following Binance.

Crypto exchange OKX will offer synthetic exposure to private AI and tech company valuations through derivatives contracts.

OKX Card data shows most crypto spending in Europe is on groceries and dining, signaling growing everyday use over luxury purchases.

Crypto exchanges are increasingly competing to offer retail traders exposure to Silicon Valley’s most valuable private firms, despite the products conferring neither equity ownership nor shareholder rights.