Swap OKB (OKB) Instantly

OKB is a utility token launched by the cryptocurrency exchange OKEx. In the year 2019, OKB price doubled from $1.61 to $2.71 and there were not many fluctuations during this process. A rally took place in the first quarter of 2020 in which OKB price reached its all-time high of $7.51 on 19 February 2020. A correction followed this in which price dropped quickly to the levels of $4. OKB price recovered in the Q2, 2020 and by July OKB was trading just under $5.A few more years ahead, we see different predictions for OKB. An optimistic OKB price prediction states that by 2025, OKB will be trading at $47. On the other hand, a more realistic analysis predicts that it will be in the range of $20. As OKB is very new to the market it is not possible to predict its price for 2030. The value of OKB is tied with the OKEx exchange and usage. With increased adoption, the price of OKB will increase in future.

Nowadays, cryptocurrency exchanges are coming up with native tokens to be more efficient in serving the customers. OKB is a such cryptocurrency developed by the cryptocurrency exchange OKEx. It was launched in 2018 on Ethereum and plans to be migrated to the OKChain soon. The total supply of OKB is capped at 300 Million which makes it a deflationary currency similar to most of the cryptocurrencies in the market.OKB is a utility token and its usage is tied with the OKEx exchange. OKB holders get a discount on the trading fee on the OKEx platform. It can also be used to fund startups on OKEx Jumpstart, a blockchain incubator. OKB can be traded against other cryptocurrencies and used as a means of payment at select merchants.