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OKX Commits to Australian Crypto Market with Sydney Office and Local Expert Team

OKX, a global crypto exchange and Web3 technology company, has expanded its services to Australia, now offering spot trading and derivatives trading for verified wholesale clients.

It marks a significant development as OKX becomes the largest global crypto exchange providing direct Australian Dollar (AUD) deposit and withdrawal options. Australian users can engage in various transactions like express buy/sell, peer-to-peer trading, and converting functions, along with access to third-party platforms like Simplex, MoonPay and Banxa for crypto purchases.

The exchange supports 170 crypto spot pairs and 85 tokens including major ones like Bitcoin, Ethereum, Solana, and Tether (USDT), with plans to continue expanding the list of available tokens.

Building on its commitment to the Australian market, OKX opened a Sydney office in May 2023 and has formed a local team specialising in management, legal, and compliance to enhance its services.

This local presence underscores OKX’s focus on security and user-centric features. OKX Australia is also  fully registered with AUSTRAC and holds an Australia Financial Services (AFS) licence, ensuring compliance with local regulations.

OKX Australia general manager Jamie Kennedy said: “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.

“It’s my job to make sure that while we offer the best product, we also invest in compliance and security to give peace of mind to our users. I’m proud to say we have assembled a great local team that will ensure OKX contributes to Australia’s crypto industry for years to come.”

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