As part of its expansion efforts to ensure better global coverage, OKX has officially announced the launch of its spots and derivatives trading outlet in Australia.
Breaking news on OKX down under, announced by McLaren Racing driver @OscarPiastri 🧡
— OKX (@okx) May 14, 2024
We've officially launched OKX exchange services in Australia 🇦🇺 @OKXAustralia
We're now the largest global crypto exchange offering AUD on ramps & spot trading pairs. pic.twitter.com/aAyBmLFLtd
Access To 170 Crypto Spot Pairs And 85 Tokens Guaranteed
Sensitizing Australian users on what to anticipate from the trading platform following its maiden launch in the country, OKX confirmed that its services would enable users to withdraw or deposit AUD through local banks.
In addition, the trading platform noted that it has provided access to 170 crypto spot pairs and 85 crypto tokens for customers, adding that the cryptocurrencies can be purchased using native currencies and intermediary outlets like Banxa and Simplex.
While every user will freely access OKX spot trading services, only verified wholesale clients have been allowed access to derivatives trading.
OKX Coming A Long Way
Since last year, OKX has been actively working to set up a unique team that would handle the exchange's Australian extension, resulting in the trading firm acquiring an office in Sydney, the capital city of Australia; the move became the stepping stone to what OKX has achieved in Australia.
Speaking about the latest development, Jamie Kennedy, OKX Australia's General Manager, has expressed his excitement about his new role, citing investment in security and compliance as key to keeping users on the trading platform happy.
The General Manager's statement read in part, “It is my job to make sure that while we offer the best product, we also invest in compliance and security to give peace of mind to our users. I’m proud to say we have assembled a great local team that will ensure OKX contributes to Australia’s crypto industry for years to come."
