Does OKX report to the IRS?
Yes. OKX issues tax forms to US customers (1099-DA and 1099-MISC), and the IRS gets a copy.
Checked 2026-10-27 · 3 sources- OKX says that from tax year 2025 it must issue Form 1099-DA to OKX US users for sales, trades and exchanges of digital assets, with cost basis added for covered transactions from 2026, plus a 1099-MISC for $2,000+ in rewards or…
- Tax is owed on gains whether or not you receive a form. Swapping one token for another counts as a sale.
- Form 1099-DA is the IRS form for digital asset sales through a broker. It reports your sale proceeds, so keep your own records of what you paid.
- This is general information, not tax advice.
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Sources: OKX US - Tax Center general FAQ (1099-DA, 1099-MISC) · OKX US - Trading fee schedule (spot standard and stablecoin pairs) · OKX US - Crypto tax reporting (1099-DA, W-9/W-8). The venue's own page wins if it disagrees with ours.
OKX
Exchange · 0.2% round trip. OKX is a centralised crypto exchange, launched as OKEx in 2017, offering spot, perpetual and expiry futures, options, trading bots and earn products. The global schedule charges regular users 0.08% maker and 0.10% taker on spot and 0.02%/0.05% on futures. US residents use a separate platform run by OKX Inc. (not available in New York) whose fee page lists spot pairs only, at 0.20%/0.35% for regular users. In February 2025 the global operating entity pleaded guilty in the US to running an unlicensed money transmitting business.
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