OKX has confirmed the formation of OKX Australia Pty Ltd., which will open an office in Sydney in May 2023. OKX provides spot and derivatives in the region. The spot offering is open to all users. Derivative trading is limited to confirmed wholesale clients only. The exchange platform enables for direct deposits and withdrawals of Australian dollars. The aforementioned fiat currency is also eligible for the purchase of 85 tokens and 170 cryptocurrency spot pairs.
OKX Australia supports a variety of tokens, including Bitcoin, Ethereum, and Solana. As operations in Australia continue, more tokens are expected to emerge. Australian banks make it easy to deposit and withdraw currencies. Cryptocurrencies can also be purchased through third-party services such as MoonPay, Simplex, and Banxa.
OKX Australia’s General Manager, Amy Kennedy, stated that the platform has entered the market to provide Australian users with what they deserve: seamless access, an easy-to-use UI, and a secure experience. Jamie reaffirmed his commitment to investing in compliance and security to ensure that users have a positive and secure experience, and stated that OKX Australia will contribute to the crypto sector in the future.
OKX Australia Pty Ltd. has registered with AUSTRAC. Wholesale clients must meet the relevant Corporations Act 2001 (Cth) definition.
A presence in Australia adds to the platform’s growing global reach. Its services are available in Argentina, Turkey, and Brazil. The last update came in March, when Singapore awarded In-Principle Approval for a Major Payment Institution License. In January, Dubai granted OKX a license as a Virtual Asset Service Provider (VASP).
Overall, OKX is expanding its activities in numerous nations, and 2024 expands on its commitment to making its functionalities available to as many consumers as possible. OKX, which launched in 2017, now has over 300 cryptocurrencies and 500 trading pairings. More information can be found in our OKX exchange evaluation. It also discusses customer support, withdrawal fees, and transaction costs for the platform.
Top traders use OKX because of its low trading fees, many payment options, zero deposit charge, user-friendly interface, and demo account. The actual availability of capability may vary by location and launch stage, but it is generally available wherever OKX is present.
OKX’s demo account is a valuable feature. It allows novice traders to become acquainted with its instruments and operational procedures. It also provides a safe atmosphere for traders to hone their skills without risking a penny.
OKX plans to introduce advanced features in the following days, such as NFT Marketplace and Algo-order options. The platform is also likely to add new tokens.
