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OKX enters Australia with spot cryptocurrency and derivatives trading
OKX has officially launched its cryptocurrency exchange in Australia with spot and derivatives trading services, the company announced today (Tuesday). While spot trading is available to all users in the country, only verified wholesale customers will be able to trade derivatives.
The spot cryptocurrency exchange service of OKX listed 85 tokens, for a total of 170 crypto pairs. It also promised to expand the number of tokens offered “on an ongoing basis.”
The cryptocurrency exchange also highlighted that the launch of local services in Australia would allow users in the country to deposit and withdraw AUD using local banks. Australians can further access peer-to-peer and convert functions for cryptocurrencies. Furthermore, the cryptocurrency exchange also allows the purchase of cryptocurrencies using third-party platforms Simple, MoonPayand Banxa.
“Australian cryptocurrency users deserve a platform that is secure, easy to use and responsive to their needs, including seamless access to banking channels and AUD pairs for the most popular cryptocurrencies,” said Jamie Kennedy, General Manager of OKX for Australia. .
Respect local rules
The official launch of the cryptocurrency exchange came a year after it opened a local office in Sydney. The platform offers spot cryptocurrency trading services locally under the entity OKX Australia Pty Ltd, which is registered with AUSTRAC, while derivatives are offered by Australia Financial Pty Ltd, which has obtained an Australian financial services license together to an AUSTRAC registration.
Highlighting the importance of compliance, Kennedy said: “My job is to make sure that while we offer the best product, we also invest in compliance and security to give our users peace of mind.”
In addition to Australia, OKX is also expansion into other regions. The exchange has received initial approval in Singapore and a crypto license in Dubai. It has also launched services in Türkiye, Argentina and Brazil. Meanwhile the exchange withdrew its services from Indiaciting “local regulations”.
OKX has officially launched its cryptocurrency exchange in Australia with spot and derivatives trading services, the company announced today (Tuesday). While spot trading is available to all users in the country, only verified wholesale clients will be able to trade derivatives.
The spot cryptocurrency exchange service of OKX listed 85 tokens, for a total of 170 crypto pairs. It also promised to expand the number of tokens offered “on an ongoing basis.”
The cryptocurrency exchange also highlighted that the launch of local services in Australia would allow users in the country to deposit and withdraw AUD using local banks. Australians can further access peer-to-peer and convert functions for cryptocurrencies. Furthermore, the cryptocurrency exchange also allows the purchase of cryptocurrencies using third-party platforms Simple, MoonPayand Banxa.
“Australian cryptocurrency users deserve a platform that is secure, easy to use and responsive to their needs, including seamless access to banking channels and AUD pairs for the most popular cryptocurrencies,” said Jamie Kennedy, General Manager of OKX for Australia. .
Respect local rules
The official launch of the cryptocurrency exchange came a year after it opened a local office in Sydney. The platform offers spot cryptocurrency trading services locally under the entity OKX Australia Pty Ltd, which is registered with AUSTRAC, while derivatives are offered by Australia Financial Pty Ltd, which has obtained an Australian financial services license together to an AUSTRAC registration.
Highlighting the importance of compliance, Kennedy said: “My job is to make sure that while we offer the best product, we also invest in compliance and security to give our users peace of mind.”
In addition to Australia, OKX is also expansion into other regions. The exchange has received initial approval in Singapore and a crypto license in Dubai. It has also launched services in Türkiye, Argentina and Brazil. Meanwhile the exchange withdrew its services from Indiaciting “local regulations”.