Explore OKX news, including exchange products, Web3 wallet updates, listings, regulatory changes, and global business expansion.
Bitcoin (BTC) dropped below two psychological price barrier in the last 24 hours to liquidate $66.14 million long positions.
Oluwapelumi Adejumo 2 min read 
OKX has continued its global expansion efforts with recent revelations that it wants to open an office in Australia.
CoinGlass data shows over 85% of the $151.24 crypto liquidations over the period were short positions — amounting to roughly $130 million.
OKX froze 5 malicious accounts that were involved in the market manipulation. Over 3 million USDT will be airdropped to affected users.
Nansen dashboard shows OKX $8.6 billion reserves include $485.3 million in BTC, $338.2 million in ETH, and $199.9 million in USDT.
OKX reserves are 100% clean, meaning that the exchange reserves do not contain the exchange's native token, according to CryptoQuant data.
FTX's collapse led to market uncertainty and low trust in centralized exchanges, resulting in 3.93 billion stablecoins leaving exchanges since then.
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Daily crypto trading volumes on most centralized exchanges have reached their lowest in over 2 years as trading activity slows.
