OKX Launches DEX Trading for US Users Amid Record Volumes

By integrating DEX access directly into its app, OKX aims to address long-standing barriers for traders navigating decentralized platforms, such as managing multiple wallets, bridging assets between blockchains and covering gas fees.

The launch follows OKXs announcement of plans to re-enter the US market, after the company reached a $505 million settlement with the Department of Justice earlier this year.

The continued appeal of decentralized exchanges

OKX is entering a decentralized exchange market already crowded with established players such as Uniswap, PancakeSwap and Hyperliquid. DEXs, long considered a cornerstone of the broader decentralized finance (DeFi) ecosystem, continue to experience rapid expansion across multiple sectors, particularly in the derivatives sector.

In September, DEX-based perpetual futures trading reached a record $70 billion, underscoring growing onchain liquidity and trader appetite for decentralized derivatives markets.

While DEXs can pose accessibility and usability challenges, they are often favored by experienced traders due to their lower fees and adherence to the self-custody principles that underpin the cryptocurrency ecosystem.