• 26 May, 2024

OKX Officially Enters Australia, Offering AUD Transactions

One of the major global crypto exchanges, OKX, has launched its services in Australia, promising enhanced trade options and financial services for the Australian market. The announcement, made by McLaren Racing driver Oscar Piastri via a OKX’s X post signals a key step in OKX’s global expansion strategy.

The launch introduces AUD-compatible deposit and withdrawal functions and a range of spot and derivatives trading products. OKX Australia Pty Ltd will handle spot trading, while derivatives trading will be exclusive to verified wholesale clients through OKX Australia Financial Pty Ltd, adhering strictly to local regulations.

Moreover, the exchange offers a robust array of crypto assets, including 170 spot pairs and 85 tokens such as Bitcoin, Ethereum, Solana, and Tether (USDT). This extensive offering positions OKX as the largest crypto exchange providing direct AUD on and off ramps in Australia.

Additionally, OKX is familiar with fostering strong industry relationships and has a history of investing in markets with a long-term perspective. This is evident from its recent office opening in Sydney and the establishment of a comprehensive team specializing in management, legal, compliance, and other crucial areas over the past year. These efforts underline OKX’s commitment to regulatory compliance and user protection, which are core aspects of its operations.

In addition to its Australian ventures, OKX is actively expanding its global footprint, having launched services in Türkiye, Argentina, and Brazil. The exchange also received regulatory approvals in Singapore and Dubai, further solidifying its position as a trusted global player.

Furthermore, the exchange is set to support the migration of the LSK L1 token to LSK L2, indicating its proactive approach to accommodating crypto developments. This reinforces its role as a leading platform in the crypto sector. This expansion not only boosts OKX’s service quality but also promises a robust future for crypto trading in Australia.

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