OKX Launches OKX Money, Unlocking a New Era of Digital Dollar Savings and Everyday Spending

SINGAPORE – OKX, a leading global cryptocurrency exchange and onchain technology company with more than 150 million customers worldwide, today announced the launch of OKX Money, a standalone app that lets people save, send and spend digital dollars. Customers can earn on eligible balances, spend globally with zero foreign exchange fees, and receive cashback on qualifying purchases.

OKX Money went live globally on October 6 during OKX Now, the company’s flagship product event.

OKX Money makes it easy to get started: when customers fund their account using one of more than 50 supported local currencies, the funds are converted into dollar-backed stablecoins. Qualifying customers can automatically earn up to 10% APY on eligible USDG balances, spend from the same app, and receive up to 10% cashback on eligible purchases.

OKX Money is initially available across markets in Latin America, Africa (such as South Africa, Kenya, Nigeria), South Asia (such as Pakistan, Bangladesh) and the Middle East. In some regions, currency fluctuations, limited access to banking services and foreign exchange fees can make it difficult to protect savings and spend globally. OKX Money gives people a convenient way to use digital dollars, participate in the global economy and make their money work harder. By using stablecoins for payments, customers can move money at the speed of the internet while avoiding conversion costs that can add 2% to 5% to typical cross-border transactions.

OKX Money is available to download today in participating markets. To learn more, visit okx.com.