OKX Initiates Cryptocurrency Trading Services in Australia

The iconic Sydney Harbor Bridge, captured beautifully in this image from Envato Elements.

The digital asset exchange OKX is now operational in Australia, providing local users with access to spot and derivative trading opportunities.

The exchange inaugurated its Sydney office last May and has since continued its global outreach, establishing itself in territories such as Turkey and Singapore.

OKX’s offering in Australia commences with 170 cryptocurrency spot trading pairs and a selection of 85 tokens.

Adhering to stringent Australian financial regulations, OKX Australia operates with full legal compliance, per details released in a press announcement this Tuesday.

All clients of OKX Australia can engage in over-the-counter (OTC) spot trading activities.

Additionally, more complex instruments like perpetual swaps and futures are available exclusively to clients who have completed a thorough verification process.

OKX’s decision to expand into the Australian market is a strategic move in response to the growing Australian cryptocurrency market interest, as reflected by the Australian Securities Exchange (ASX) considering the launch of Spot Bitcoin ETFs by the end of 2024.