- OKX announces the launch of its spots and derivatives crypto trading platform in Australia.
- The platform offers access to 170 crypto spot pairs and 85 tokens, including BTC, ETH, SOL, and USDT.
- With the launch, OXK became Australia’s largest crypto exchange offering direct AUD deposits and withdrawals.
OKX, the second largest crypto exchange by trading volume, has announced the launch of its spots and derivatives crypto trading platform in Australia. With its efforts to expand its services to Australia, OKX has reportedly become the largest crypto exchange offering direct AUD deposits and withdrawals nationwide.
Jamie Kennedy, OKX Australia’s General Manager, shared his enthusiasm for the new initiative. Kennedy acknowledged the need for a “secure, easy-to-use and responsive” crypto exchange for Australian users, which became the major factor that drove OKX to launch its platform in the country. He added,
“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 May 2023, OKX opened an office in Sydney, setting an initial phase for its entry into Australia. In an official post at the time, the Chief Marketing Officer, Haider Rafique, hinted at OKX’s vision “to become the leading crypto platform in the world.” His words proved Australia “an indispensable part of this strategy and a key growth market,” hinting at the company’s potential expansion into the region.
The platform enables its Australian customers to deposit and withdraw AUD via Australian banks. In addition, OKX Australia facilitates the purchase of cryptocurrencies with fiat through third-party platforms like Simplex, MoonPay, and Banxa. The platform provided access to 170 crypto spot pairs and 85 tokens, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Tether (USDT).
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