With OKX, one of the world’s largest cryptocurrency exchanges is now launching in Germany – directly challenging established players like Bitpanda and Coinbase. The company has activated its fully regulated platform for the German market. European Managing Director Erald Ghoos described the launch in Germany as a “key milestone” in the company’s European growth strategy. The basis for entering the market is a MiCA license that OKX received in January. This license permits the company to offer crypto services throughout the European Union.
OKX’s offering is aimed at private investors seeking more than just trading Bitcoin or Ethereum. In addition to trading 270 cryptocurrencies, users also have access to a proprietary wallet and AI-powered trading bots. These bots analyze market movements automatically and make trading decisions in real time. OKX also enables so-called staking, where investors provide their cryptocurrencies to generate new digital coins and receive rewards in return.
On a global scale, OKX is already one of the industry’s major players. According to the company, its daily trading volume amounts to approximately 4.5 billion euros. To increase brand recognition beyond the crypto sector, OKX relies on prominent partnerships: the company’s logo is featured on Manchester City football jerseys and also appears on the vehicles of the McLaren Formula 1 team.
In the competition with established platforms like Bitpanda, Coinbase, or Bison, OKX aims to stand out through pricing. The fees are considered comparatively low. For purchases up to 20,000 euros, the so-called taker fee is 0.1 percent of the order value, while maker orders are even cheaper at 0.08 percent. Maker orders are typically limit orders that are only executed when a set price is reached.
Additionally, OKX charges a spread – the difference between the buying and selling price. According to the company, this spread is a maximum of one percent, depending on market liquidity and trading volume. This positions the platform as more affordable than its competitors. At Bitpanda, trading fees can be as high as 2.49 percent, while Coinbase charges a base fee of 1.49 percent plus additional spreads and surcharges for certain payment methods.
