Crypto Exchange OKX Officially Debuts in Australia

OKX, a world-leading digital asset exchange, has officially launched its operations in Australia, a year after it established an office in Sydney in May 2023. Announced Tuesday, the launch would enable spot trading for all users and derivatives trading for verified wholesale clients in Australia. The move arrives months after the exchange's subsidiary received in-principle approval for a payments license to operate in Singapore. The exchange also launched its operations in Turkey, this February. Adding on to its expansion spree, OKX's Australian launch aims to provide trusted, compliant, and transparent gateway to crypto trading and decentralized finance (DeFi). "As part of our long-term commitment to the Australian market, we look forward to continuing to improve our offering to better serve the local crypto community," the exchange wrote on X. With the launch, OKX claims to be the largest global crypto exchange offering direct AUD deposits and withdrawals to Australians. As of now, spot trading users have access to 170 crypto spot pairs and a total of 85 tokens including Bitcoin, Ethereum, Solana and Tether, the release added. The OKX's Australian arm plans to add more tokens in the coming months. "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," Jamie Kennedy, general manager at OKX Australia, noted.