How Many People Use OKX in 2022? (User Stats)

Last Updated: August 2, 2022
Find out how many people use OKX and which region of the world has the most OKX users.
How Many People Use OKX
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Quick Answer 🔍

How many people use OKX in 2022?

20 million people use OXK.

The extended cryptocurrency market setback ironically makes us want to find out how many people use OKX in 2022.

One of the world’s biggest cryptocurrency exchanges by trading volume rebranded itself to OKX from its former name, OKeX.

The “X” in its name signifies the company’s biggest thrust towards non-fungible tokens, decentralized finance products, and the metaverse. 

This technological reimagination aims to put OKX back on the pedestal in the middle of the stiff competition and the tight market condition which puts the overall crypto industry’s future in question.

How Many People Use OKX in 2022?

OKX

How many people use OKX in 2022?

There are 20 million people using the platform.

They have been enticed by the platform’s many exciting offerings including a high annual percentage yield (APY), a wide selection of crypto tokens for trading, and the availability of educational resources centered on helping beginner traders understand cryptocurrency, among other things. 

But most importantly, the biggest contributor to this massive user base is its accessibility.

OKX is available in more than 100 countries and territories worldwide.

It is a trusted platform known for its low trading fees and a beginner-friendly interface suitable for all traders at any level of expertise.

15 Crypto Exchanges with the Highest Trading Volume

A 24-hour trading volume is an important determinant to know whether an exchange is a profitable enterprise.

A higher trading volume indicates a healthy circulation of money, and exchanges typically make money from trading fees, after all. 

Here are the Top 10 cryptocurrency exchanges with the highest 24-hour trading volume. OKX ranks 2nd overall, just below Binance and coming before FTX. 

  1. Binance – recorded a 24-hour trading volume of $13.91 billion
  2. OKX – recorded a 24-hour trading volume of $2.9 billion
  3. FTX – recorded a 24-hour trading volume of $1.92 billion
  4. Coinbase Exchange – recorded a 24-hour trading volume of $1.68 billion
  5. Huobi Global – recorded a 24-hour trading volume of $1.58 billion
  6. Gate.io – recorded a 24-hour trading volume of $1.07 billion
  7. KuCoin – recorded a 24-hour trading volume of $941 million
  8. Kraken – recorded a 24-hour trading volume of $590.65 million
  9. Binance.US – recorded a 24-hour trading volume of $460 million
  10. Bitfinex – recorded a 24-hour trading volume of $315 million 

OKX 2021 Performance

OKX, then OKeX, had a stellar 2021 performance. During the year, the exchange hosted more than 25 billion trades, with a total value amounting to more than $21 trillion.

In passive income payout alone, OKX distributed $314 million from more than $5 billion worth of holdings staked and locked on the platform. This is all thanks to its high annual percentage yield (APY) offerings.

Moreover, the company also supported more than 220 trading pairs. Currently, the top five trading pairs include BTC/USDT, ETH/USDT, ETH/USDC, ETC/USDT, and BTC/USDC.

OKX’s Number of Visits

OKX generates an average of 1.6 million weekly visits across all platforms including its dedicated mobile application and website.

In terms of website visits alone, the exchange generated 9.2 million monthly visits in June.

This figure is higher than its April 2022 results where it generated 8.5 million visits but lower than its May performance of 10.9 million visits. 

Okx.com also generates a higher average visit duration than its counterparts, with a single stop lasting for an average of 10 minutes and 25 seconds.

This compares to its direct competitor, Crypto.com, which only has an average visit duration of more than 4 minutes.

Top Countries Using OKX

OKX

OKX enjoys wide popularity in Eurasia more than in any region of the world. Its main market is Russia, accounting for more than 13% of its total user count percentage.

Take a look at this list of the countries with the highest number of OKX users, expressed in percentage terms.

  • Russia – the country accounts for 13.46% of OKX’s total user base
  • China – the country with the highest population accounts for 9.59% of OKX’s total user base
  • Japan – the country accounts for 9.39% of OKX’s total user base
  • Belarus – the country accounts for 5.70% of OKX’s total user base
  • Ukraine – the country accounts for 5.18% of OKX’s total user base
  • Other countries – the rest of the world accounts for 56.68% of OKX’s total user base

Age Demographics of OKX Users

In terms of age demographics, OKX appeals to users belonging to the age group covering 25 to 34 years old.

The same pattern has been observed on other exchanges such as Binance, Coinbase, and Crypto.com, and even the overall cryptocurrency market in general.

  • 18 to 24 years old – this age group accounts for 21.05% of OKX’s total user percentage
  • 25 to 34 years old – this age group accounts for 38.46% of OKX’s total user percentage
  • 35 to 44 years old – this age group accounts for 20.50% of OKX’s total user percentage
  • 45 to 54 years old – this age group accounts for 10.63% of OKX’s total user percentage
  • 55 to 64 years old – this age group accounts for 6.13% of OKX’s total user percentage
  • 65 years old and up – this age group accounts for 3.22% of OKX’s total user percentage

Moreover, there is a wide difference between the percentage of male and female users in OKX. Men account for more than 74% of the site’s total users while women came at only 25.34%.

Trading Pairs with the Highest Trading Volume on OKX

There are many reasons why users are drawn to using OKX.

One is the availability of mainstream trading pairs with the highest trading volumes including:

  • ETH/USDT – this trading pair accounts for 41% of the overall market volume in OKX
  • BTC/USDT – this trading pair accounts for 17% of the overall market volume in OKX
  • BTC/USDT – this trading pair accounts for 8% of the overall market volume in OKX
  • ETH/USD – this trading pair accounts for 4% of the overall market volume in OKX
  • Other trading pairs – accounts for 30% of the overall market volume in OKX

Traders regularly use these pairs with an OKX trading bot to automate trades.

Conclusion

OKX has over 20 million users and growing. Since its founding in 2017, it has become a strong force of nature in the overall crypto market, with user count flourishing steadily year after year.

Currently, OKX holds the title of the second crypto exchange with the highest trading volume. It ranked just next to Binance, with a total 24-hour trading volume of $2.9 billion.

It is better ranked in this department compared to other major exchanges like Huobi Global and FTX, among others. 

Thank you for reading this article about how many people use OKX in 2022.

Sources

CoingeekCoin RankingSimilarweb
FoolInvestopediaCoinpaprika
OKXSimilarwebGlobe News Wire

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Written by Jason Wise

Hi! I’m Jason. I tend to gravitate towards business and technology topics, with a deep interest in social media, privacy and crypto. I enjoy testing and reviewing products, so you’ll see a lot of that from me here on EarthWeb.