Hyperliquid vs OKX

Hyperliquid is a decentralized exchange built around on-chain futures and spot trading, while OKX is a centralized platform with a broader mix of products. The main difference is control and scope: Hyperliquid keeps KYC optional and runs on-chain, while OKX requires identity verification and offers more markets, higher leverage, and extras like options and peer-to-peer trading.

Hyperliquid vs OKX

Category	HHyperliquid8.8/10	OOKX7.8/10
Overview
CryptoWinRate score	8.8/10 (higher)	7.8/10
Founded	2021	2017
Headquarters	Singapore	Seychelles
Founder	Jeff Yan	Star Xu
CEO	Jeff Yan	Star Xu
KYC	No KYC	Required
MiCA licence	No	No
EU platform	—	Via OKX EU
Availability
Available in your country	—	—
Restricted countries	2 countries	49 countries
Deposits and withdrawals
Deposit methods	10 methods	8 methods
Withdrawal methods	1 method	9 methods
24-hour withdrawal limitKYC 0	—	< $10,000
24-hour withdrawal limitKYC 1	—	> $10,000
24-hour withdrawal limitKYC 2	—	$1,000,000
24-hour withdrawal limitKYC 3	—	Upto 500 BTC
Trading fees
Spot maker fee	0.04% (lower)	0.2%
Spot taker fee	0.07% (lower)	0.35%
Futures maker fee	0.015% (lower)	0.02%
Futures taker fee	0.045% (lower)	0.05%
Options feesmaker/taker	—	0.03% / 0.03%
Coins and markets
Spot assetscrypto	316 (higher)	299
Futures contractscrypto	183	514 (higher)
Options assets	—	4
Stocks	112	—
ETFs	1	—
FX pairs	3	—
Indices	9	—
Commodities	9	—
Leverage and margin
Max leverage	40×	125×
Features
Spot	Yes	Yes
Futures	Yes	Yes
Options	No	Yes
Prediction Markets	Yes	Yes
P2P	No	Yes
Demo Trading	Yes	Yes
Copy Trading	Yes	Yes
Staking	Yes	Yes
Security
Proof of reserves	Self-custody	YesAttestation ↗
Cold storage	Self-custody	Yes
Two-factor authentication	Self-custody	Yes
Withdrawal address whitelist	Self-custody	Yes
Anti-phishing passphrase	Self-custody	Yes
Reported hacks	—	YesSource ↗
Sign-up bonus
Bonus	—	100 USDT
Fee discount	4%	10%
	Visit Hyperliquid ↗Read review →	Visit OKX ↗Read review →

Availability in your country is checked live against each exchange's restricted-country list.

Who should choose Hyperliquid

Hyperliquid fits traders who want to keep custody on-chain and skip identity checks, since its KYC is optional. Its fees are lower across the board: spot maker sits at 0.04% and taker at 0.07%, with futures at 0.015% maker and 0.045% taker. It also carries 112 tokenized stocks and offers prediction markets. Leverage tops out at 40x, which suits people who prefer moderate risk over the maximum available.

Who should choose OKX

OKX suits traders who want the widest range of markets and are fine completing KYC, which is required. It covers 485 futures coins across 514 contracts, plus options on 4 coins and peer-to-peer trading that Hyperliquid does not have. Leverage reaches 125x for those chasing large positions. The trade-off is higher spot costs, with a maker fee of 0.2% and taker of 0.35%.

Verdict

Pick Hyperliquid if you want cheaper spot trading, optional KYC, and on-chain custody. Pick OKX if you need higher leverage, options, peer-to-peer trading, and the broadest set of futures markets, and don’t mind verifying your identity.