OKX Expands Global Reach: Crypto Services Now Live in Australia – Featuring AUD Trading Pairs

  • Global crypto exchange, OKX, has announced the launch of its crypto services in Australia, offering 170 spot pairs and 85 tokens including Bitcoin, Ethereum, Solana and Tether (USDT).
  • The launch follows the opening of a Sydney office in May 2023 and the hiring of a team of experts in management, legal, compliance, and other specialties.
  • OKX is now the largest global crypto exchange offering direct AUD deposits and withdrawals to Australian users, who can connect via most Australian banks and access express buy/sell, P2P, and convert functions in addition to spot trading.

OKX, a leading global crypto exchange, has launched its services in Australia, offering a wide range of tokens and spot pairs to both retail and institutional users.

OKX’s Expansion into Australia

OKX’s expansion into Australia comes after the opening of a Sydney office in May 2023 and the hiring of a team of experts in various fields. The launch of crypto services in Australia was initially planned for 2023, but was delayed and finally took place this month. OKX is now the largest global crypto exchange offering direct AUD deposits and withdrawals to Australian users, who can connect via most Australian banks and access express buy/sell, P2P, and convert functions in addition to spot trading.

Offering a Secure and User-friendly Platform

Jamie Kennedy, General Manager at OKX Australia, emphasized the company’s commitment to providing a secure, easy-to-use platform that responds to the needs of Australian crypto users. This includes seamless access to banking rails as well as AUD pairs for the most popular cryptocurrencies. OKX also publishes monthly Proof of Reserves to validate its full backing of user funds held on the platform, allowing users to independently confirm that their assets are backed by OKX reserves.

OKX’s Crypto Offering and Regulatory Compliance

OKX’s crypto offering in Australia covers 170 spot pairs and a total of 85 tokens including Bitcoin, Ethereum, Solana and Tether (USDT). OTC spot trading services are available to all users in Australia via OKX Australia Pty Ltd., a locally incorporated entity registered with AUSTRAC. Meanwhile, derivatives trading services will only be offered to verified wholesale clients who meet the relevant Corporations Act 2001 (Cth) definition, via OKX Australia Financial Pty Ltd., a local entity that holds an Australia Financial Services (AFS) license regulated by ASIC, and is also AUSTRAC registered.

Conclusion

The launch of OKX’s crypto services in Australia marks a significant milestone in the company’s global expansion. With a wide range of tokens and spot pairs on offer, as well as a commitment to security and user-friendly services, OKX is well-positioned to cater to the needs of both retail and institutional crypto users in Australia.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Crypto Campaign Contributions Surge: $91M in Bitcoin (BTC) and Other Coins Donated Ahead of 2024 Election

The crypto industry has significantly increased its political...

MoonBag Presale Takes DeFi by Storm, Outshining Pepe Coin and Solana with Innovative Paradigm Shift

The MoonBag presale has emerged as the latest sensation...

Stock Market Soars to Record Peaks as Inflation Cools; Walmart (WMT) Surges Following Strong Earnings Report

```html The stock market rally had impressive gains following...

Chainlink’s LINK Token Experiences Significant Price Rally: Key Drivers Explored

Bitcoin is currently valued at $66,310, while LINK...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Unlock Crypto Potential: Expert Analysis on Surging Bitcoin (BTC) and Altcoin Trends

One widely followed crypto analyst believes digital assets...

Expert Analysis: Solana (SOL) Price Prediction for End of May Revealed

Syncracy Capital's co-founder Daniel Choung recently shared his...

XRP (XRP) Surges: A Detailed Analysis of Its Robust Market Comeback

XRP has recently shown a strong comeback, bouncing...

May 17, 2024 Market Movers: Mahindra & Mahindra (M&M), Grasim, TCS, Cipla Lead Active Stocks – Full Analysis Inside

```html Today's stock market saw notable movements, with indices...

Ether (ETH) Shows Promise on Coinbase Amid Bitcoin (BTC) Withdrawals: An In-Depth Analysis

In a recent analysis, Coinbase highlighted Ether's underwhelming...
Marisol Navaro
Marisol Navarohttps://en.coinotag.com/
Marisol Navaro is a young 21-year-old writer who is passionate about following in Satoshi's footsteps in the cryptocurrency industry. With a drive to learn and understand the latest trends and developments, Marisol provides fresh insights and perspectives on the world of cryptocurrency.
spot_imgspot_imgspot_imgspot_img

Crypto Campaign Contributions Surge: $91M in Bitcoin (BTC) and Other Coins Donated Ahead of 2024 Election

The crypto industry has significantly increased its political donations, reaching a record $94 million since 2023. This surge in contributions is aimed at...

MoonBag Presale Takes DeFi by Storm, Outshining Pepe Coin and Solana with Innovative Paradigm Shift

The MoonBag presale has emerged as the latest sensation in the decentralized finance (DeFi) ecosystem, quickly surpassing established names like Pepe Coin and Solana...

Chainlink’s LINK Token Experiences Significant Price Rally: Key Drivers Explored

Bitcoin is currently valued at $66,310, while LINK Coin has jumped 20%, breaching the $16.6 mark. This significant rise was influenced by favorable...