A summary of the top ten most popular strategies and financial products on OKX for the year

Author: 0xFat

In 2023, OKX's product ecosystem flourished. In addition to the well-known OKX Web3 ecosystem products, the OKX CEX business matrix is comprehensive and highly systematic. This article will focus on reviewing the top ten most popular strategies and financial products of OKX CEX among users in the past year, hoping to assist users in their investment choices in the new cycle. (The following products are ranked by the number of users.)

1. Simple Coin Earning

• Reasons for User Preference: Available for purchase anytime, instant redemption, flexible and 0 risk, helping users improve the utilization rate of idle funds at any time.
• Total Users: 500,000+
• Product Logic

Simple Coin Earning is a low-threshold earning product designed to help users increase the utilization rate of idle assets, similar to YuBiBao. It generates income by lending to leveraged trading users in the lending market and supports 24/7 purchases and redemptions.

2. Spot Grid Strategy

• Reasons for User Preference: Helps users automatically buy low and sell high in volatile markets, repeatedly arbitraging to maximize returns.
• Total Users: 320,000+
• Product Logic

The Spot Grid is an arbitrage product that automatically buys low and sells high within a certain price range. For example, in the ETH 1800–2200 range, the robot automatically buys when the price is low and sells when the price is high, continuously cycling for arbitrage. The advantages of the Spot Grid Strategy are threefold: first, automated trading; once the strategy is set, the system executes automatically without the user needing to constantly monitor the market; second, it adapts to market fluctuations, potentially profiting whether the market rises or falls; third, risk is controllable, allowing users to customize price ranges and set stop-loss and take-profit levels.

3. Dual Currency Winning

• Reasons for User Preference: Helps users earn a relatively fixed return in stable market conditions.
• Total Users: 90,000, with a total subscription amount exceeding 5.6 billion USD.
• Product Logic

Dual Currency Winning is a fixed-income product that is essentially a customized simple option. After subscribing, users can enjoy a fixed return rate. However, the specific currency for repayment depends on whether the price of the currency the user wants to buy or sell reaches the target price at maturity. If the price of the currency the user wants to sell reaches the target price on the maturity date, they can successfully sell the currency and receive stablecoins and additional returns; if the price of the currency the user wants to buy reaches the target price, they can successfully buy and receive the target currency and additional returns, making it very suitable for stable market conditions.

4. Contract Martingale Strategy

• Reasons for User Preference: A high-yield tool in volatile markets, solving the problem of missing bottom opportunities and profit-taking during pullbacks.
• Total Users: 60,000+
• Product Logic

The Contract Martingale is a strategy product that supports two-way trading—allowing users to capture bottoms or profit from pullbacks through both long and short positions. Additionally, the Contract Martingale Strategy allows for customizable leverage and cyclical profits, providing traders with more trading opportunities and flexibility.

5. Spot Martingale Strategy

• Reasons for User Preference: Helps users capture small rebounds in downtrends, averaging costs while realizing floating profits.
• Total Users: 30,000+
• Product Logic

The Spot Martingale Strategy is commonly used in the foreign exchange market in traditional finance. OKX's Spot Martingale Strategy combines the basic ideas of the traditional version with the characteristics of the crypto market to optimize a series of strategies to balance the average cost of investors' bottom-fishing. For example, in the current market, investors can choose to buy a spot DCA every time the market drops by 1-5%, using remaining funds to increase positions in batches to lower the total holding cost. When the price rebounds, they can take profits and exit. Compared to simply holding digital currencies, the Spot Martingale Strategy is more flexible, capturing small rebounds for profit and continuously realizing "floating profits."

6. Coin Stashing Treasure

• Reasons for User Preference: One-click coin stashing + earning in large markets, supporting multiple coin combinations, and dynamic rebalancing for arbitrage.
• Total Users: 80,000
• Product Logic

Coin Stashing Treasure is essentially an automated strategy that can intelligently and dynamically rebalance within a combination of coins selected by investors, using exchange rate fluctuations between different coins to earn and stash coins, locking in profits and increasing holdings of potential coins for excess returns. When large market movements occur, it is generally difficult for investors to accurately bet on the best-performing coins. Even if they are fortunate enough to buy in, they may miss out on some profits during pullbacks. OKX's Coin Stashing Treasure can help address this issue to some extent.

7. Time-Weighted Strategy

• Reasons for User Preference: Helps large fund users automatically split orders to avoid causing excessive market impact.
• Total Users: 10,000+
• Product Logic

Time-Weighted is a strategy for splitting large orders and executing them over time. When users conduct large transactions, to avoid causing excessive market impact, large orders need to be automatically split into multiple smaller orders. This strategy triggers split orders based on user-defined intervals, calculating order prices based on the latest buy/sell prices and the user's set price distance, then placing smaller orders to execute trades.

The characteristics of Time-Weighted include: splitting large orders, timed ordering, and reducing slippage. The benefit of this strategy is that it breaks down large transactions into many smaller trades, entering the market over time to avoid stimulating it with a single order. When prices meet the set conditions, orders can be executed quickly, and these orders are placed in an IOC (Immediate Or Cancel) mode, meaning they are executed immediately and the remaining orders are canceled. For example, if an order quantity is 2, and only 1.6 is executed, the remaining 0.4 will be immediately canceled to minimize slippage.

8. Ethereum On-Chain Earning

• Reasons for User Preference: One-click transfer, no transaction fees, ultra-low staking threshold.
• Total Staked Ethereum: 500,000+
• Product Logic

Primarily provides holders with opportunities to earn on-chain yields. Investors can participate in PoS staking on OKX at any time without paying network fees. When investors stake Ethereum, rewards are distributed in the form of BETH.

9. Bottom Fishing Treasure, Top Escaping Treasure

• Reasons for User Preference: Aims to help investors buy low and sell high with zero fees.
• Total Users: 10,000+
• Product Logic

Top Escaping Treasure is a strategy for premium selling. If you want to sell a certain amount of tokens above the current market price but are worried that the order price is too high to execute, you can use the Top Escaping Treasure strategy to lock in a high selling price. Upon maturity, it guarantees that you can sell a certain proportion or all of your digital assets at the order price.

Bottom Fishing Treasure is a strategy for discounted bottom fishing. If you want to buy a certain amount of tokens below the current market price but are concerned that the order price is too low to execute, you can use the Bottom Fishing Treasure strategy to lock in a low buying price. Upon maturity, it guarantees that you can buy a certain proportion or all of your digital assets at the order price.

10. Seagull

• Reasons for User Preference: A financial product in trending markets, helping users earn objective returns in the right trends.
• Product Logic

Seagull is the latest structured financial product launched by OKX in December, with over 1,500 users earning returns from Seagull. It is part of OKX's structured financial product matrix and is essentially a simple option, primarily divided into bullish Seagull and bearish Seagull directions. Bullish Seagull supports users investing in USDT, while bearish Seagull supports users investing in BTC and ETH. In less than a month since its launch, the total subscription amount has reached 356 million.