OKX Founder Says Exchange Could Have Launched Hyperliquid-Style DEX Since 2023

HKAN | Sep 22

Leading cryptocurrency exchange OKX could have entered the decentralized exchange (DEX) space much earlier, according to its founder. In a new statement, the founder revealed that OKX had the ability to launch a Hyperliquid-style DEX as early as 2023.

The revelation highlights OKX’s long-standing technological capabilities and its potential future strategy in the rapidly growing DEX sector.

“We had the ability to build and launch a Hyperliquid-style DEX since 2023,” the founder stated. “Our focus was on building liquidity and scalability on our existing platforms, but we continue to explore opportunities in decentralized trading.”

The news comes as DEX platforms like Hyperliquid, dYdX, and Uniswap see record trading volumes, particularly in perpetual futures and derivatives markets. If OKX decides to launch a DEX, it could significantly disrupt the space by leveraging its existing liquidity network and large user base.

The decentralized exchange market has been one of the fastest-growing segments of crypto in 2025, attracting institutional players and retail traders alike. OKX’s potential entry could accelerate innovation and adoption of on-chain orderbook trading solutions.