The P2P API User Agreement (the “Agreement”) governs your access to and use of the application programming interface (“API”) provided by OKX (collectively, the “Service”). This Agreement is a binding legal contract between you (“you” or “user”) and the applicable OKX entity based on your residency and registration date. These entities include Aux Cayes FinTech Co. Ltd (Seychelles), OKX Bahamas FinTech Company Limited, OKCoin Europe LTD (Malta), and OKX Middle East Fintech FZE (UAE). By using the API, you confirm that you have read, understood, and agreed to all terms outlined in this Agreement, including any future amendments.
You acknowledge that this Agreement supplements the OKX Terms of Service, Privacy Notice, and other policies issued from time to time on www.OKX.com (collectively, the “Platform Terms”). In the event of any conflict, the terms of this Agreement take precedence. All non-conflicting provisions of the Platform Terms remain fully enforceable.
Overview of the Service
The Service enables developers and counterparty applications to securely connect to OKX’s platform and access select functionalities via an API interface. This includes real-time data exchange, transaction processing, and integration capabilities designed for institutional and advanced users.
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License and Usage Rights
2.1 Authorized Use
You are granted a limited, non-exclusive, non-transferable license to use the Service solely for your own internal purposes. Redistribution, resale, or unauthorized dissemination of the API or its outputs to third parties is strictly prohibited. Your usage must comply with this Agreement and all applicable laws.
2.2 No Warranty on Data Accuracy
You expressly acknowledge that OKX does not guarantee the accuracy, completeness, or stability of data obtained through the API. While efforts are made to ensure reliability, OKX disclaims all liability arising from data inconsistencies, delays, or transmission errors.
Fees and Payment Terms
3.1 Current Fee Structure
As of now, there are no fees associated with using the P2P API. However, OKX reserves the right to introduce or modify fees at any time at its sole discretion. Continued access to the Service may be suspended or terminated if outstanding fees are not paid when they become applicable.
3.2 Subscription Renewals
If you renew your subscription after changes to pricing, specifications, or service features, your continued use constitutes acceptance of the updated terms. Failure to accept new terms will result in automatic termination of service upon expiration of the current subscription period.
User Responsibilities and Compliance
4.1 Legal and Ethical Use
You agree that your use of the API complies with all local and international laws. This includes avoiding actions that infringe upon third-party rights or facilitate illegal activities such as fraud, money laundering, or unauthorized data scraping.
4.2 Timely Payments
Failure to pay applicable fees may result in immediate suspension of API access. You bear full responsibility for any losses incurred due to service interruption caused by non-payment.
4.3 Prohibited Activities
You must not:
- Reverse engineer, decompile, or disassemble the API;
- Attempt unauthorized access using stolen credentials or system vulnerabilities;
- Launch denial-of-service attacks or overload the system with excessive API calls;
- Exceed established rate limits that ensure fair usage and system stability.
All users must be explicitly whitelisted by OKX. Unauthorized use is a material breach of this Agreement.
Disclaimer of Warranties and Limitation of Liability
5.1 "As Is" Basis
The Service is provided “as is,” “with all defects,” and “as available.” OKX makes no warranties—express or implied—regarding uninterrupted or error-free operation. Service interruptions may occur due to regulatory changes, force majeure events (e.g., natural disasters, war), technical failures, maintenance, or cyberattacks.
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5.2 No Liability for Indirect Damages
To the fullest extent permitted by law, OKX shall not be liable for any direct, indirect, consequential, or punitive damages arising from your use or inability to use the Service. This includes loss of profits, data breaches, business interruption, or personal injury—even if advised of potential risks.
5.3 Right to Modify or Terminate Service
OKX may change, suspend, or terminate all or part of the Service at any time without notice. Users assume all risks related to such changes. No compensation will be provided for resulting losses.
Data Protection and Privacy
6.1 Lawful Handling of User Data
If your access involves personal data, you must comply with Applicable Data Protection Laws globally, including:
- General Data Protection Regulation (GDPR)
- UK GDPR
- California Consumer Privacy Act (CCPA)
- Hong Kong Personal Data (Privacy) Ordinance
- Singapore Personal Data Protection Act
6.2 Roles Under Data Protection Laws
Under these regulations, you act as a data processor, while OKX remains the data controller. You must process data only as instructed and for purposes defined in this Agreement.
6.3 Security Obligations
You agree to implement strong technical and organizational measures to protect data against unauthorized access, loss, or corruption. Any changes to your security protocols that increase risk require prior alignment with OKX unless mandated by law.
Both parties warrant compliance with data protection laws and will ensure their personnel do the same.
Intellectual Property Rights
7.1 Ownership of Technology
All intellectual property—including source code, algorithms, databases, trade secrets, and API structure—remains the exclusive property of OKX. Your use is strictly limited by this Agreement.
Even if you develop applications using our API with permission, all resulting creations belong to OKX, who may independently seek legal protection for them.
7.2 Restrictions on Use
Without written consent from OKX:
- You may not use, copy, or modify our IP;
- You cannot transfer rights to third parties;
- Commercial exploitation is prohibited.
7.3 License to Use Your Brand
You grant OKX a worldwide, royalty-free license to display your logo in marketing materials to showcase integration success stories. You represent that you have full rights to provide this license. Conversely, you are prohibited from using OKX’s trademarks without explicit authorization.
Termination of Service
OKX may terminate this Agreement or suspend your access immediately if:
- You breach any term and fail to rectify it within three days of notice;
- A force majeure event occurs;
- You cease operations or become insolvent;
- Circumstances analogous to insolvency arise under applicable law.
Termination does not relieve either party of obligations accrued prior to termination.
Amendments to This Agreement
OKX reserves the right to update this Agreement at any time. Continued use of the API after changes are published constitutes acceptance of those changes. If you do not agree with amendments, you must stop using the Service immediately.
Governing Law and Dispute Resolution
10.1 Applicable Law
This Agreement is governed by the laws of the Hong Kong Special Administrative Region, without regard to conflict-of-law principles.
10.2 Arbitration Process
All disputes related to this Agreement must be resolved through arbitration administered by the Hong Kong International Arbitration Centre (HKIAC). The arbitration will:
- Be conducted in English;
- Take place in Hong Kong;
- Involve one arbitrator jointly appointed by both parties (or appointed by HKIAC if consensus isn’t reached within two months);
- Follow current HKIAC rules;
- Result in a final, binding award enforceable in any competent court.
Miscellaneous Provisions
- Severability: If any clause is found invalid, it will be modified minimally to preserve intent; otherwise, it will be severed without affecting the rest of the Agreement.
- No Waiver: Failure to enforce a right does not constitute a waiver.
- Assignment: You may not assign this Agreement without OKX’s written consent. OKX may assign its rights freely for operational reasons.
- Relationship Between Parties: Nothing herein creates an agency, partnership, or employment relationship. Neither party may bind the other legally without express written consent.
Frequently Asked Questions (FAQ)
Q: Is there a cost to use the P2P API?
A: Currently, there are no fees for using the P2P API. However, OKX reserves the right to introduce fees in the future with appropriate notice.
Q: Can I share my API access with others?
A: No. API access is granted only to authorized users who have been whitelisted by OKX. Sharing credentials or redistributing access violates this Agreement.
Q: What happens if I violate rate limits?
A: Exceeding rate limits may trigger automatic throttling or temporary suspension of your access to maintain system integrity.
Q: Who owns applications built using the OKX API?
A: Even if developed using our tools with permission, ownership remains with OKX unless otherwise agreed in writing.
Q: How are disputes resolved under this agreement?
A: All disputes are settled confidentially via arbitration in Hong Kong under HKIAC rules.
Q: Can OKX change the API without warning?
A: Yes. OKX may modify, interrupt, or discontinue parts of the Service at any time without liability.
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