OKX Announces Official Launch of Virtual Currency Exchange in Australia, Providing Spot Trading for All Users and Derivative Product Trading for Certified Corporate Clients
OKX, a leading global Web3 technology company and virtual asset exchange, has announced the official launch of its virtual currency exchange in Australia, providing spot trading for all users and derivative product trading for certified corporate clients in Australia. The platform has now become the largest global virtual currency exchange to offer direct Australian dollar deposits and withdrawals to Australian users.
In addition to spot trading, OKX Australian users can now deposit and withdraw in Australian dollars through most Australian banks, buy or sell quickly, and utilize P2P and exchange services. Users can also purchase virtual currencies with fiat currencies through third-party platforms such as Simplex, MoonPay, and Banxa.
Spot trading users have access to a total of 170 virtual currency spot pairs and 85 tokens, including Bitcoin, Ethereum, Solana, and Tether (USDT). More tokens will continue to be listed in the future, and Australian users can check the latest token listing here.
To prepare for entry into the Australian market, OKX established an office in Sydney in May 2023 and has built a team of professionals in corporate governance, legal, and compliance over the past year. In the future, OKX will further invest in the Australian virtual asset ecosystem.
All Australian users can enjoy OTC spot trading services through OKX Australian Pty Ltd, a locally registered company registered with AUSTRAC. The trading services for derivative products (futures, options, and perpetual contracts) will be provided exclusively to verified corporate clients by OKX Australian Financial Pty Ltd, a locally registered company holding an Australian Financial Services (AFS) license regulated by ASIC and also registered with AUSTRAC.
Jamie Kennedy, General Manager of OKX Australia, said, “Australian virtual asset users need a platform that is secure, easy to use, and responsive to their needs, including seamless integration with banks and pairing with popular virtual currencies in Australian dollars. My job is to ensure that we provide the best products while continuing to improve compliance and security so that our users can use them with peace of mind. I am proud that we have assembled an excellent local team that will contribute to the Australian virtual asset industry in the coming years.”
OKX is committed to transparency and is one of the earliest companies in the virtual asset industry to release monthly reserve proof reports to verify the comprehensive protection of user funds held on the platform. Users can also independently verify that their assets are supported by OKX reserves using open-source verification tools. Since the launch of reserve proof reports at the end of 2022, OKX has released 18 consecutive months of reports while actively promoting the adoption of new and more advanced reporting standards in the industry.
OKX has a strong global presence and has recently launched products in Turkey, Argentina, and Brazil. It has obtained a provisional approval for a large payment institution (MPI) license from the Monetary Authority of Singapore in March and a Virtual Asset Service Provider (VASP) license in Dubai in January.
OKX is also a top partner of the McLaren F1 Team and the English Premier League champions Manchester City Football Club, as well as the premier presenting partner of the iconic Tribeca Festival. OKX also sponsors Scotty James, a renowned Australian Olympic snowboarder.
*Products and services related to derivative products and margin trading will be provided by OKX Australian Financial Pty Ltd only to verified corporate clients who have undergone suitability assessments and meet the definition of corporate clients as specified in the Corporations Act 2001 (Federal).
Please visit okx.com for more information about OKX.
About OKX:
OKX is a leading virtual asset exchange and Web3 ecosystem. OKX develops virtual asset applications that combine speed and reliability, and is favored by over 50 million investors and professional traders worldwide.
OKX closely collaborates with Manchester City Football Club, McLaren F1 Team, and Olympic snowboarder Scotty James to enhance fan experience through innovative interactive methods. Additionally, OKX is a premier partner of the Tribeca Festival, aiming to attract more creators to the Web3 field.
In addition to exchange services, OKX recently launched the OKX Web3 Wallet service, which provides users with access to GameFi and DeFi tokens, allowing them to explore the NFT and metaverse domains.
OKX is committed to improving transparency and security and releases its reserve proof reports monthly.
For more information about OKX, please download our application or visit okx.com.
Disclaimer: This article is a sponsored post provided by the contributor and is not related to OKX. The article also does not represent the views of OKX. The article is not intended to provide any investment, asset advice, or legal opinions and should not be construed as an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the sponsored content are for reference only, and the actual content or rules will be based on the announcements or explanations of the contributor. OKX is not responsible for any potential risks or losses and reminds readers to conduct their own careful verification before making any decisions or actions.