- AUD bank deposits and withdrawals and 170 crypto spot trading
pairs are available to local users
SYDNEY, May 14, 2024 /PRNewswire/ -- OKX, a leading
global crypto exchange and Web3 technology company, has officially
launched its crypto exchange services in Australia. OKX now offers spot (buy &
sell) trading for all users and derivatives trading for verified
wholesale clients* in Australia.
It is now the largest global crypto exchange offering direct AUD
deposits and withdrawals to Australian users.
OKX Australia users can now also deposit and withdraw AUD via
most Australian banks and access express buy/sell, P2P and convert
functions in addition to spot trading. Users can also buy crypto
with fiat via third-party platforms Simplex, MoonPay and Banxa. In
total, spot trading users have access to 170 crypto spot pairs and
a total of 85 tokens including Bitcoin, Ethereum, Solana and Tether
(USDT). More tokens will be listed on an ongoing basis; Australian
users can check here for the latest list of tokens offered.
In preparation for its entry into the Australian market, OKX
opened an office in Sydney in
May 2023 and built a team of experts
in management, legal, compliance, and other specialties over the
past year. It will further invest in the Australian crypto
ecosystem going forward.
OTC spot trading services are available to all users in
Australia via OKX Australia Pty
Ltd., which is a locally incorporated entity registered with
AUSTRAC. Meanwhile, derivatives (futures, options and perpetual
swaps) trading services will only be offered to verified wholesale
clients who meet the relevant Corporations Act 2001 (Cth)
definition, via OKX Australia Financial Pty Ltd., a local entity
which holds an Australia Financial Services (AFS) licence regulated
by ASIC, and is also AUSTRAC registered.
OKX Australia General Manager Jamie
Kennedy said: "Australian crypto users deserve a
platform that is secure, easy-to-use and responsive to their needs,
which include seamless access to banking rails as well as AUD pairs
for the most popular cryptocurrencies. It's 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."
In line with its dedication to transparency, OKX was among the
first in the crypto industry to publish monthly Proof of Reserves
to validate its full backing of user funds held on the platform.
Using open-source verification tools, users can independently
confirm that their assets are backed by OKX reserves. Since
launching Proof of Reserves in late 2022, OKX has published 18
consecutive monthly snapshots while driving the industry's adoption
of new and improved reporting standards.
OKX has a strong global presence, and recently launched its
product in Türkiye, Argentina and
Brazil. In March, OKX received
In-Principle Approval for a Major Payment Institution (MPI) license
in Singapore and received its
Virtual Asset Service Provider (VASP) license in Dubai in January.
OKX is a top partner of McLaren Formula 1 team, English Premier
League champions Manchester City FC, the Majesticks LIV golf team,
and is the presenting partner of the iconic Tribeca Film Festival.
OKX also sponsors the well-known Australian Olympian snowboarder
Scotty James.
*Derivatives and margin related products and services will be
provided to verified wholesale clients only by OKX Australia
Financial Pty Ltd, provided that they meet the definition of a
wholesale client as set out in the Corporations Act 2001
(Cth)
Learn more at okx.com
For further information, please contact:
Media@okx.com
About OKX
OKX is a leading global crypto exchange and innovative Web3
company. Trusted by more than 50 million global users, OKX is known
for being one of the fastest and most reliable crypto apps in the
world.
As a top partner of English Premier League champions Manchester
City FC, McLaren Formula 1 and Olympian Scotty James, OKX aims to
supercharge the fan experience with new engagement opportunities.
OKX is also the top partner of the Tribeca Festival as part of an
initiative to bring more creators into Web3.
The OKX Wallet is the platform's latest offering for people
looking to explore the world of NFTs and the metaverse while
trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its
Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit:
okx.com
Disclaimer
Information about: digital currency exchange services is prepared
by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and
margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL
379035) and is only intended for wholesale clients (within the
meaning of the Corporations Act 2001 (Cth)); and other products and
services by the relevant OKX entities which offer them (see Terms
of Service - Australia).
Information is general in nature and should not be taken as
investment advice, personal recommendation or an offer of (or
solicitation to) buy any crypto or related products. You should do
your own research and obtain professional advice, including to
ensure you understand the risks associated with these products,
before you make a decision about them. Past performance is not
indicative of future performance - never risk more than you are
prepared to lose. Read OKX's Terms of Service - Australia for more information.
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