- OKX has launched a social trading feature called Orbit, allowing users to discuss markets and execute trades from within the app.
- The platform displays verifiable, real-time performance metrics like profit/loss, addressing credibility issues common in trading communities.
- Orbit includes creator rewards for engagement and trading activity but will be restricted in several major markets, including the U.S. and Europe.
OKX unveiled a native social trading feature on Thursday, embedding real-time community discussions directly into its exchange app. The new platform, called Orbit, is designed to let users share ideas, host livestreams, and execute trades using cashtags like $BTC.
Consequently, the move reflects a broader industry trend of blending social media with financial activity, following similar offerings from Bybit in 2022 and, later, Binance‘s futures platform. Essentially, this fusion aims to streamline the journey from market chatter to actual execution.
Meanwhile, Orbit introduces a key verification tool to combat influencer hype. Users can toggle between a trader’s posts and a verified “performance” tab showing real-time holdings and profit/loss data.
“These update in real time and are calculated based on the user’s trading history via the OKX app” a spokesperson noted, confirming the data is exchange-derived and not editable. However, sharing this performance data remains optional for users who complete identity verification.
The platform also incentivizes content creation through follower engagement and trading activity. Nonetheless, regulatory caution has prompted geographic restrictions from the outset.
Consequently, Orbit will not be available initially in the U.S., Europe, Singapore, Australia, or the United Arab Emirates. The feature is currently in a limited beta rollout, with plans to expand after testing.
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