OKX launches cryptocurrency exchange in Australia, offering spot and derivatives trading
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OKX launches cryptocurrency exchange in Australia, offering spot and derivatives trading
OKX is an industry-leading virtual asset exchange and Web3 ecosystem.
Navigating Web3 tides with focused insightsMay 14, 2024, OKX, a leading global Web3 technology company and digital asset exchange, announced the official launch of its cryptocurrency exchange in Australia, offering spot trading services to all users and derivatives trading to verified corporate clients* in Australia. The platform is now the largest global crypto exchange providing Australian users with direct AUD deposit and withdrawal capabilities.
In addition to spot trading, OKX users in Australia can now deposit and withdraw AUD via most Australian banks, quickly buy or sell cryptocurrencies, and access P2P and swap services. Users can also purchase digital assets using fiat currency through third-party platforms including Simplex, MoonPay, and Banxa. Spot traders have access to 170 cryptocurrency spot pairs and 85 tokens, including Bitcoin, Ethereum, Solana, and Tether (USDT). More tokens will be listed progressively, with the latest listings available at https://www.okx.com/markets/prices.
To prepare for its entry into the Australian market, OKX established an office in Sydney in May 2023 and has built a local team over the past year comprising professionals in corporate governance, legal, and compliance. OKX plans to further invest in Australia's digital asset ecosystem in the future.
All Australian users can access OTC spot trading services through OKX Australia Pty Ltd, a locally registered entity with AUSTRAC. Derivatives trading services (futures, options, and perpetual contracts) will be offered exclusively to verified corporate clients—those meeting the definition under the relevant provisions of the Corporations Act 2001 (Cth)—by OKX Australia Financial Pty Ltd. OKX Australia Financial Pty Ltd is a locally incorporated company holding an Australian Financial Services (AFS) license regulated by ASIC and is also registered with AUSTRAC.
Jamie Kennedy, Managing Director of OKX Australia: "Australian digital asset users need a secure, easy-to-use platform that responds swiftly to their needs—including seamless bank integration and AUD trading pairs with the most popular cryptocurrencies. My role is to ensure we deliver the best possible products while continuously enhancing compliance and security so our users can trade with confidence. I’m proud to have assembled an outstanding local team that will help OKX contribute meaningfully to Australia’s digital asset industry in the years ahead."
Committed to transparency, OKX was one of the first companies in the digital asset industry to publish monthly Proof of Reserves reports, verifying that user funds held on the platform are fully backed. Users can independently verify these reports using open-source audit tools to confirm that user assets are supported by OKX’s reserves. Since launching Proof of Reserves at the end of 2022, OKX has published 18 consecutive monthly reports and continues to advocate for the adoption of new and more advanced reporting standards across the industry.
OKX has a strong global presence, recently launching services in Turkey, Argentina, and Brazil. In March, it received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license, and in January, obtained a Virtual Asset Service Provider (VASP) license in Dubai.
OKX is also a principal partner of the McLaren Formula 1 Team and Premier League champions Manchester City Football Club, as well as a showcase partner of the iconic Tribeca Festival. Additionally, OKX sponsors renowned Australian Olympic snowboarder Scotty James.
*Derivatives and margin-related products and services will be provided by OKX Australia Financial Pty Ltd exclusively to verified corporate clients who must pass suitability assessments and meet the definition of a corporate client under the Corporations Act 2001 (Cth). Visit okx.com for more information
About OKX
OKX is a leading digital asset exchange and Web3 ecosystem. OKX develops fast and reliable crypto applications trusted by over 50 million investors and professional traders worldwide. Through strategic partnerships with Premier League champions Manchester City F.C., the McLaren F1 Team, and Olympic snowboarder Scotty James, OKX aims to enhance fan engagement through innovative interactive experiences. As a principal partner of the Tribeca Festival, OKX is committed to bringing more creators into the Web3 space. Beyond exchange services, OKX has recently launched its OKX Web3 Wallet, enabling users to seamlessly trade GameFi and DeFi tokens and explore NFTs and the metaverse. Committed to transparency and security, OKX publishes monthly Proof of Reserves reports. For more information about OKX, download the app or visit: okx.com
Disclaimer
Information: Digital currency exchange services are provided by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin services are provided by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) exclusively to corporate clients as defined under the Corporations Act 2001 (Cth); other products and services are provided by related OKX entities (refer to "Terms of Service – Australia"). This announcement is for general information only and does not constitute investment advice, personal recommendation, or an offer to buy, sell, or hold any digital assets. Before making any decisions, you should conduct thorough research and consult professional advisors to understand the risks involved. Past performance is not indicative of future results. Do not invest more than you are prepared to lose. Please read OKX’s "Terms of Service – Australia" for further details.
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