OKB

OKB Launched 2018 source

What this page is: neutral, sourced facts about OKB. Every line links where it was checked. 12 facts, 5 from primary sources. Educational, not financial advice.

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Launch

OKB is a cryptocurrency released by the OK Blockchain Foundation and crypto exchange OKEx. secondary source source
The OKB token was originally launched on the OKX exchange in 2018 and later on the Ethereum mainnet in 2019. primary source source

Founders and creators

OKX, formerly known as OKEx, started as Okcoin, a cryptocurrency exchange founded in 2013 by Star Xu. secondary source source

Origin story

OKX started as Okcoin, a cryptocurrency exchange founded in 2013 by Star Xu. secondary source source
On March 19, 2018 OKB was originally distributed as a complimentary utility token to users who participated in the OKEx Token Trading Loyalty Program. primary source source

Stated purpose

Utility token of the OKX exchange. secondary source source

Consensus mechanism

OKB is an ERC-20 token. secondary source source

Supply model

Following a strategic update in August 2025, OKB has a fixed total supply of 21,000,000 OKB, with no further minting or burning capabilities. primary source source

Main uses today

OKB is a utility token that provides users gas payment capabilities on the X Layer network. primary source source

Key milestones

In 2022, OKEx rebranded to OKX. secondary source source

Notable events and controversies

Feb 24, 2025: OKX pled guilty to operating an unlicensed money transmitting business; penalties over $504 million. primary source source
In April 2025, OKX relaunched operations in the United States and relocated its headquarters to San Jose. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.