OKX Announces the Official Launch of its Virtual Currency Exchange in Australia, Offering Spot Trading for All Users and Derivatives Trading for Certified Corporate Clients
In a recent development, OKX, a leading global Web3 technology company and virtual asset exchange, has officially launched its virtual currency exchange in Australia. The platform provides spot trading for all users and offers derivatives trading for certified corporate clients in Australia. With this launch, OKX has become the largest global virtual currency exchange to provide direct Australian dollar deposits and withdrawals to Australian users.
In addition to spot trading, Australian users of OKX can now conveniently deposit and withdraw funds in Australian dollars through most Australian banks, as well as engage in 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, including 85 tokens such as 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 built a team of professionals in corporate governance, legal, and compliance over the past year. OKX plans to further invest in the Australian virtual asset ecosystem in the future.
All Australian users can enjoy OTC spot trading services through OKX Australia Pty Ltd, a locally registered company registered with AUSTRAC. Derivatives trading services (futures, options, and perpetual contracts) will be provided exclusively to verified corporate clients by OKX Australia Financial Pty Ltd, which is a locally registered company holding an Australian Financial Services (AFS) license regulated by ASIC and is also registered with AUSTRAC.
Jamie Kennedy, General Manager of OKX Australia, stated, “Australian virtual asset users need a platform that is secure, user-friendly, and responsive to their needs, including seamless integration with banks and Australian dollar pairs linked to the most popular virtual currencies. My job is to ensure that we provide the best products while continuing to enhance compliance and security, allowing our users to use our platform with peace of mind. I am proud that we have built 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 introduction of the Reserve Proof in late 2022, OKX has released 18 consecutive reports and actively promoted the adoption of new and more advanced reporting standards in the industry.
With a strong global presence, OKX has recently launched products in Turkey, Argentina, and Brazil, and obtained a provisional approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in March, as well as a Virtual Asset Service Provider (VASP) license in Dubai in January.
OKX is also a top partner of the McLaren Formula One team and the English Premier League champions Manchester City Football Club, as well as a key presenting partner of the iconic Tribeca Festival. OKX also sponsors renowned Australian Olympic snowboarder Scotty James.
Please visit okx.com for more information.
About OKX:
OKX is a leading virtual asset exchange and Web3 ecosystem. It has developed a virtual asset application that combines speed and reliability, attracting over 50 million global investors and professional traders.
OKX collaborates closely with Manchester City Football Club, McLaren F1 Team, and Olympic snowboarder Scotty James to enhance fan experience through innovative interactive methods. Furthermore, OKX is a top partner of the Tribeca Festival, aiming to attract more creators to the Web3 space.
In addition to exchange services, OKX has recently launched the OKX Web3 Wallet service, providing users with access to GameFi and DeFi tokens, allowing them to explore the NFT and metaverse realms.
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 content provided by OKX and does not represent the position of the publication. The article is not intended to provide any investment, asset advice, or legal opinions and should not be considered 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 subject to the announcements or explanations of the sponsor. The publication does not take responsibility for any potential risks or losses and reminds readers to conduct their own due diligence before making any decisions or actions.