OKX launches Exchange OS on X Layer, enabling markets

Cryptocurrency exchange OKX has launched a new infrastructure platform called Exchange OS on its X Layer Ethereum Layer 2 network, enabling developers and institutions to create their own custom trading venues. The platform, announced on May 26, 2026, allows for the deployment of spot markets, perpetual futures contracts, and prediction markets using the same institutional-grade technology that powers OKX's primary exchange.

The system is designed to address what developers describe as fragmented infrastructure in on-chain finance by moving core exchange functions—including order book matching, margin calculations, position liquidations, and transaction settlements—to the protocol level. This architecture allows for shared liquidity and a unified account and margin system for traders across all markets built on the platform. OKX founder and CEO Star Xu stated the platform tackles significant inefficiencies, noting that while blockchain enabled open asset creation, trading and settlement infrastructure has remained siloed across disconnected applications.

Exchange OS boasts a high-performance technical capacity, reportedly processing up to 300,000 transactions per second with...