Global Transition from 'Okcoin' to 'OKX': OK Group Announces Sunset of Okcoin

OK Group Rebrands Crypto Ventures as OKX

Major cryptocurrency exchange operator OK Group is undergoing a business transformation and will now rebrand its crypto ventures under the name “OKX.” Hong Fang, the Chief Operating Officer at OK Group and President of OKX, made the announcement on social media platform X (formerly Twitter). The rebranding process will take place over the next few months, starting with Singapore and then moving on to Europe and the United States.

Same Services, New Brand

The platform’s customers can expect to receive the same set of product services under the new brand while operating within the same regulatory framework. OK Group has recently phased out the “Okcoin” brand and product in regions such as Latin America, the Middle East and North Africa, South Asia, Hong Kong, and other areas.

Commitment to the U.S.

The executive emphasized the importance of the United States to OK Group’s global strategy. Despite facing challenges, the company remains committed to the U.S. as a visionary leader that empowers individuals and protects freedom through technology.

Rebranding History

This rebranding effort follows a similar move by OK Group in December 2022 when it transitioned its business formerly known as OKEx to “OKX.” The goal was to expand beyond being a centralized crypto exchange and venture into decentralized finance, nonfungible tokens, and Web3.

Hot Take: OK Group Consolidates Crypto Ventures Under OKX Brand

OK Group is streamlining its crypto ventures by rebranding them under a single name: OKX. This move will unify its operations across different regions and provide customers with consistent services under one brand. Starting with Singapore, OK Group plans to gradually transition from “Okcoin” to “OKX” in Europe and the United States. The company remains committed to the U.S. market, viewing it as a vital part of its global strategy. This rebranding follows OK Group’s previous rebranding of OKEx in 2022, demonstrating its dedication to expanding beyond traditional crypto exchange services.