LATEST: OKX Opens Officially Regulated Crypto Entity in Australia

Australia’s largest global digital asset exchange, OKX, has firmed its reach in Australia after a year of groundwork since opening a Sydney office in May 2023. The expanded platform will provide open access to spot trading for all users and derivatives trading for verified wholesale clients transparently and compliantly to cryptocurrency trading and decentralized finance. The expanded platform features the largest in the region, which enables direct deposits and withdrawals in AUD, comprising 170 crypto spot pairs and 85 tokens, including major cryptocurrencies like Bitcoin and Ethereum.

The strategic importance of this launch is supported by the enthusiastic adoption of crypto in Australia, where more than 31.6% of the population engaged in the trade by July 2023. Therefore, the increasing demand and ownership of digital currencies have set the scene right for OKX to meet the growing market expectation of a safe and easy-to-use platform with a strong banking integration. This comes along with increased regulation and safety in the crypto space within the country.


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