In the unforgiving crypto jungle, OKX is scrambling to shake off some serious heat from its own community. The drama?
A mix of murky transparency about its native token OKB and a bruising comparison to Binance’s success with BNB.
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Picture a loyal OKX VIP user throwing shade on X, calling out not only OKX’s slowpoke strategy but also its founder, Xu Mingxing, aka Star Xu, for playing it too safe when his rival, Binance’s aggressive CZ, is gobbling up market share like a crypto Pac-Man.
同样做链，OK本身做的产品已经无敌了，这次Cz出场，直接把徐明星干趴了，作为前老板肯定是难受的
尤其是一姐和Cz都是自己公司出来的，不吃味是不可能的，这是人性。
徐明星犯最大的问题我觉得可能在于含蓄，不管是在OKB的战略还是在prep上，甚至未来的OKpay，如果没有扶持，在市场上依旧会是死！…— 周期手牛牛（10月很强版） (@niuniu255431) October 6, 2025
Token burn rates and transparency
Let’s cut to the chase. OKB, OKX’s native token, had a crazy ride in August, growing over 400% thanks to a bold buyback program.
Yet, the “bold” part is where things get foggy, because the details of this buyback are wrapped tighter than a secret recipe, leaving the public scratching their heads.
Binance’s BNB, on the other hand, lays its token burn rates and ecosystem upgrades out on the table for everyone to see. That kind of transparency?
It’s like comparing a fully revealed magic trick against a magician mumbling about compliance restrictions.
Mini-riot
Star Xu isn’t deaf to the grumbles, we have to admit. He’s acknowledged the critiques and vowed to ‘do better,’ which sounds like a cryptic promise from a caped crusader in the world of digital coins.
Some community demands might remain off-limits due to compliance rules, but at least the guy’s listening.
Last July, OKX also faced a mini-riot after slapping restrictive measures on tons of accounts, further straining its relationship with users.
感谢指正，OKX 团队虚心接受。文中提到的大部分问题，确实是我们应该做得更好的地方。少部分诉求由于 OKX 作为全球持牌机构的合规限制，暂时无法满足，还请大家理解！ https://t.co/bRrh3sGrr7
— Star (@star_okx) October 7, 2025
The backstory spices things up. OKX’s founder once shared the same playground with Binance’s CZ, who was in fact the CTO at OKCoin before leaving in a tiff with Xu.
CZ’s departure birthed Binance in 2017, which exploded into today’s massive behemoth, sitting comfortably as the world’s largest crypto exchange by trading volume. OKX, which rebranded from OKEx in 2017, currently ranks seventh.
Mysterious buyback
Binance’s secret sauce? It doesn’t just trade crypto, it nurtures it through the BNB Chain and uses BNB tokens as fuel for growth and community magic, peaking at $1,355, that’s a 130% gain year over year.
OKX tried to mimic with its X Layer and by folding OKB into the mix, but it’s a tough act to follow.
Despite OKB’s 400% August spike, fueled mainly by that still mysterious buyback, it hasn’t quite caught the same lightning in a bottle.
If you’re watching the battle for the top crypto exchange crown, keep your popcorn ready, OKX’s story promises plenty more twists and turns.
Star Xu may be wielding restraint, but the market has zero patience for slow moves, especially when rivals like Binance are playing chess at lightning speed.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 9, 2025 • 🕓 Last updated: October 9, 2025
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