In 2024, the Department of Treasury and the IRS released final regulations [TD10000] and established comprehensive tax reporting requirements for digital asset brokers. These new regulations apply to all crypto exchanges and OKX is required to follow these new regulations starting calendar year 2025.

Form 1099-DA is a new IRS tax form for digital asset brokers. Starting with the 2025 tax year, OKX is required to issue this form to report sales, trades, or exchanges of digital assets to both you and the IRS.What transactions trigger a Form 1099-DA? You will receive a 1099-DA if you engage in any of the following taxable events: Crypto to Fiat: Selling crypto (like Ethereum) for US Dollars.

It's solely users' responsibility to keep track of the cost basis of crypto assets within a self custody wallet and report realized gains / losses on income tax returns.

Lowering VIP entry requirements and additional VIP Tier We're lowering qualification requirements for entry into the VIP ecosystem. We are also increasing the number of VIP tiers from 8 to 9. Users who qualify for new VIP tiers after the changes go live will automatically receive the updated VIP status.

You can only place ELP orders during the regular trading period after call auction. Otherwise, orders will be rejected. ELP order is always post-only and functions as regular limit orders. ELP orders can’t be placed with TP/SL orders. New ELP buy orders can’t exceed the non-ELP best buy price, and new ELP sell orders can’t be below the non-ELP best sell price. Otherwise, ELP orders will be canceled due to price restrictions.

This activity is not (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy or sell crypto/digital assets; or (iii) financial, accounting, legal, or tax advice. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal, tax, or investment professional for questions about your specific circumstances.

This activity is not (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell crypto/digital assets; or (iii) financial, accounting, legal or tax advice. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.

Once an order has triggered, completed, or failed, it can't be cancelled.Can I edit a trigger order after placing it? Editing isn't available in this release. To change the trigger price or order amount, cancel the existing order and place a new one.Where can I find my trigger orders? Go to Activity to view and manage your trigger orders. Simple mode: a trigger order entry appears in the upper-right corner of the Activity tab. Select it to see all pending orders and past activity.

This activity is not (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell crypto/digital assets; or (iii) financial, accounting, legal or tax advice. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.

You can activate Pay by following these steps:How do I activate it? Go to Simple mode and select Pay from the main menu Select Activate Pay, and set up a secure passkey Complete the security verification and you're all set!Why do I need to create a passkey to activate my Pay account? Pay accounts are based on smart contract wallet architecture. Creating a Pay account automatically generates a unique passkey.

A transaction occurring late on December 31 in the US might be recorded as January 1 UTC and will appear on the following year’s tax form.How do I update my SSN or Taxpayer ID? To ensure your forms are filed correctly, your information must be accurate. To update your SSN, TIN, or legal name: Navigate to the Tax Center Select Update Profile or Contact OKX Help You will be connected with our support team to complete the update You can check with us to update your SSN or Taxpayer ID

The specific hard cap amount may vary by campaign and by user tier (e.g., standard users vs. VIP users). Any crypto assets held by a user in excess of the applicable hard cap will not be counted toward the reward calculation. Please refer to the individual campaign page for the applicable hard cap. Distribution: Rewards will be automatically credited to the user’s funding account on a daily basis following reward calculations and the completion of OKX's risk control review.4.

This activity is not (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell digital assets; or (iii) financial, accounting, legal or tax advice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.

If you notice any unusual activity on your account, you have to contact official customer support immediately. We’ll assist you in freezing your account promptly to safeguard your assets.

This Promotion is not (i) investment advice or an investment recommendation; (ii) an offer or solicitation, buy or sell crypto/digital assets; or (iii) financial, accounting, legal or tax advice. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.