OKX Rolls Out Localized Crypto Exchange in Australia
In a serious transfer to boost its presence within the Asia-Pacific area, OKX, a number one cryptocurrency alternate, has launched its Australian platform below native regulation. The announcement was made by Oscar Piastri of McLaren Racing, a key sponsor of OKX, at a media occasion in Sydney on Might 14.
Jamie Kennedy, Normal Supervisor of OKX Australia, pressured the significance of offering a safe, user-friendly platform tailor-made to the wants of Australian crypto customers. Kennedy additional states,
“Australian crypto customers deserve a platform that’s safe, easy-to-use, and conscious of their wants, which embody seamless entry to banking rails in addition to AUD pairs for the preferred cryptocurrencies. It’s my job to make it possible for whereas we provide the perfect product, we additionally spend money on compliance and safety to offer peace of thoughts to our customers.”
Buying and selling Choices and Banking Integration
OKX’s Australian platform will function 170 crypto buying and selling pairs. In addition to spot buying and selling, it’ll additionally supply choices buying and selling, increasing the monetary instruments accessible to Australian merchants. Whereas spot buying and selling will probably be accessible to all customers, by-product buying and selling will probably be restricted to verified wholesale purchasers solely.
The platform additionally helps banking integration, permitting customers to deposit and withdraw Australian {Dollars} [AUD] by way of most Australian banks. This functionality ensures a easy transition between fiat and cryptocurrency, protecting 85 crypto tokens.
Formulating a Native Crew
The Australian launch follows a 12 months after OKX arrange its Sydney workplace, specializing in assembling a robust group in administration, authorized, compliance, and different important areas. Kennedy additional provides,
“I’m proud to say we now have assembled an ideal native group that may guarantee OKX contributes to Australia’s crypto business for years to return.”
The newest launch is a part of OKX’s broader technique to develop its international footprint. Earlier this 12 months, the corporate secured a digital asset service supplier license in Dubai and an in-principle license in Singapore. Moreover, OKX launched its Ethereum-based zero-knowledge Layer-2 community, X Layer, to offer its 50 million international customers with entry to varied decentralized functions.