OKX enters the Australian market
Date: 2024-05-14 Author: Henry Casey Categories: BUSINESS
OKX, the largest cryptocurrency exchange, announced the launch of trading operations in crypto assets and derivatives products in Australia, expressing confidence in the prospects of this market.
Important steps in the new market
According to the company, OKX Australia offers access to trading in 85 crypto assets and 170 spot pairs, highlighting the importance of its presence in a country with a clear regulatory framework.
Restrictions for clients
However, access to derivatives will only be available to certain verified clients, although the criteria for such classification were not specifically announced in the official press release.
Hong Fang, President of OKX, expressed her belief in the promise of the Australian market, highlighting its dynamism and potential, as well as the transparency of its regulatory framework.
Opening an office in Australia in 2023 is part of OKX's global strategy to expand its geographic reach and strengthen its position in important cryptocurrency markets.
