This page is for information purposes only. Certain services and features may not be available in your jurisdiction.

OKX statement on OKB

Updated: 8 November 2023

The facts are:

  • OKB is a utility token used for fee discounts, access to rewards, and participation in Jumpstart projects by OKX users on the OKX exchange.

  • The maximum circulating supply of OKB is 300 million, with some bought back and burned via burn programs from time to time — all verifiable on Etherscan.

  • OKX does NOT use OKB for treasury, collateral or leverage. This has always been our policy

OKX is the entity that primarily oversees the OKB ecosystem, including conducting burn programs from time to time.

A year after OKB was launched, our research and analysis showed that more than 95% of all OKB trading occurred on the OKX exchange. As a result, we moved the majority of OKB held in our OKX hot wallet to a number of cold wallets, which is consistent with our storage policies and procedures. All tokens held by OKX cold wallets are protected by our industry-leading security features, including air-gapping and multi-signatures. These tokens are in circulation as they are available to be traded on the exchange and available for withdrawal.

OKB, like every token has its own unique strategy, and this includes issuance, safety, and tokenomics. OKX is relentlessly committed to innovation in crypto and Web3, and our customers are our number one priority. For more details on OKB, please visit: https://www.okx.com/okb. Thank you for your support. Game on!

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein.

© 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX.” Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.

Related articles

View more
how to buy crypto guide
OKX
Ethereum

Ethereum Staking APY: How Much Can You Earn?

The explosive growth of Ethereum staking has transformed how crypto holders earn rewards—chasing the best ethereum staking APY is now a core strategy for yield-seekers worldwide. Whether you're new to
Nov 2, 2025
how to buy crypto guide
OKX
Ethereum

What is Layer 2? Blockchain & Network Guide

Over 80% of new blockchain users interact with Layer 2 solutions for lower fees and faster transactions. But what exactly is layer 2, and why has it become a game-changer for both blockchain and tradi
Nov 2, 2025
how to buy crypto guide
OKX
Ethereum

Polygon vs Ethereum: Complete Guide to Networks, Bridging, and Fees

Polygon and Ethereum are two leading blockchain networks reshaping how users access decentralized finance, NFTs, and crypto payments. As Ethereum’s popularity soared, so did transaction congestion and
Nov 2, 2025
how to buy crypto guide
OKX
Ethereum

What Are Ethereum Rollups? The Complete Guide to Scaling, Security, and User Benefits

Ethereum rollups are transforming blockchain scalability, dramatically reducing transaction costs and congestion on Ethereum’s mainnet. Did you know that over 75% of recent Ethereum transactions are p
Nov 2, 2025
how to buy crypto guide
OKX
Ethereum

What Are Layer 2 Solutions? Blockchain Scaling Explained

Imagine cryptocurrency blockchains running as smoothly as your favorite streaming service—Layer 2 solutions are making it happen. If you’ve wondered, "what are layer 2 solutions," you’re not alone. As
Nov 2, 2025
how to buy crypto guide
OKX
Ethereum

What Is Ethereum Layer 2?

Ever been stuck in rush hour, wishing for a special express lane? That’s exactly what happens on the Ethereum network when lots of users crowd in—traffic slows, and costs (gas fees) spike. If you've w
Nov 2, 2025
View more