OKX Waves In Australia Under A Local Regulated Entity

OKX Expansion to Australia:

• OKX, a Crypto exchange, is expanding its business to Australia to focus on services under a locally regulated entity.
• The expansion aims to cater to the Asia-Pacific region and provide secure, easy-to-use platforms for crypto users in Australia.
• OKX dropped the number of trading pairs to 170 for Australian users and offers options trading as well.
• The move was prompted by the dynamic customer base in Australia, offering diverse opportunities for crypto services.

Last Year's Discussion Regarding the Expansion:

• OKX planned to open an office in Australia in March 2023 due to the growing interest in crypto in the Australian market.
• The company shifted operations from Seychelles to Australia to comply with local regulations and assess users' suitability.
• OKX had to stop certain services like copy trading and yield-bearing products to adhere to Australian laws.

Conclusion:

• OKX's expansion in Australia marks a new chapter in its cryptocurrency journey, focusing on regulatory compliance and customer satisfaction.
• The move allows OKX to operate in an innovative and crypto-friendly environment, adapting to meet the evolving needs of the market.