The OKX platform coin OKB reached $45.54, surpassing ATH and setting a new record high

OKB price surpassed the top of the uptrend in May 2021 to set a new ATH after some time when OKX exchange recorded an increase in transparency. At the time of writing, OKB is changing hands at $44.32.


OKB/USD 4-hour chart | Source: TradingView

OKB exchange coin of OKX sets a new record high

According to data from CoinMarketCap, the price of the OKB exchange coin of the OKX trading platform on the morning of February 6 had sometimes increased to $ 45.20, surpassing the peak of $ 39.8 in May 2021, when the crypto market peaked.

In the last 30 days, the OKB price has increased by more than 64%, recovering strongly from the low of $17.75 from the FTX crash in early November 2022.

OKB price movement for the last three months, CoinMarketCap screenshot at noon on February 6, 2023
OKX’s growth momentum comes from the fact that this exchange has continuously made moves to increase transparency in user asset reserves in the past, as well as benefit from the fact that the Binance exchange was hacked massively withdraw money in December 2022.

In the latest asset reserve report, OKX claims to hold $7.5 billion in user funds, up 17.1% compared to December. According to third-party statistical units, OKX is also an exchange that has the highest percentage of clean asset reserves at 100%. An exchange with a reserve of “clean assets” is defined as a platform that owns a low percentage of the total reported assets of the exchange token value.

DeFiLlama shows that the exchange recorded a positive deposit/withdrawal difference of $471.75 million in the past month, second only to Binance.


Statistics of deposit and withdrawal differences of top crypto exchanges at noon on February 6, 2023, | Source: DeFiLlama

OKX’s awareness in 2022 also increased thanks to the repositioning of the OKEX brand to OKX and the signing of a promotion agreement with reigning Premier League champions Manchester City.

OKB is the exchange coin of OKX, issued as an ERC-20 token on the Ethereum platform. OKB holders will receive preferential benefits when trading on OKX, including reducing transaction fees, receiving interest on OKX savings, participating in launchpad token purchases, margin trading, lending, etc.

As of noon on February 6, OKB is the 26th largest cryptocurrency, with a market capitalization of $2.6 billion. OKB’s 24-hour trading volume is quite low at only $27.3 million, coming mainly from the trading pairs on OKX itself.

Meanwhile, OKX is the 7th largest crypto exchange in the world, with a 24-hour trading volume of $1.2 billion.

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