OKX is a centralized crypto exchange that uses its own token OKB to facilitate buying and selling. Transactions are performed on its own blockchain.

Blockchain is the technology behind most cryptocurrencies. Simplified, it consists of a list of transactions that anyone can view and verify. Blockchain technology allows secure, fast and inexpensive payments to anyone, anywhere in the world. Without the need of a middleman like a bank.

Exchanges are an essential part of the crypto and blockchain industry as they enable the trading and swapping of fiat money and cryptocurrencies. Two main forms of crypto exchanges are distinguished: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX), the latter being accessible only with a crypto wallet.