On April 28, 2025, OKX announced its new crypto payment app called OKX Pay, which focuses on stablecoin usage and offers zero transaction fees.
Launch of OKX Pay
OKX unveiled OKX Pay as a strategic addition to its services, focusing on self-custody capabilities. The app was launched by founder Star Xu and aims for global stablecoin integration.
App Features
The app allows users to control their assets and supports stablecoins such as USDT and USDC, with plans to expand the stablecoin options. Key features include zero transaction fees and private key management for user security.
Market Prospects and Impact
The launch is expected to positively influence the growing crypto payments sector. With over 18,000 merchants accepting cryptocurrency, OKX Pay may increase usage due to its innovative features. OKX's strategy of offering zero fees targets regular consumers, about 39% of global cryptocurrency payment users.
The launch of OKX Pay sets a precedent among exchanges and may drive competition and innovation within the industry, enhancing user experiences. Financial and regulatory changes are expected, especially with the stablecoin focus.
