OKX, a major cryptocurrency exchange, has announced the launch of its comprehensive trading services in Australia through a locally regulated entity. This strategic move aims to expand OKX’s presence in the Asia-Pacific region and tap into Australia’s advanced and diverse investor base.
At a media event in Sydney on May 14, Oscar Piastri, a McLaren Racing driver and one of OKX’s main sponsors, officially declared the entry of OKX into the Australian market. The Formula 1 star highlighted Australia’s potential for significant crypto adoption.
Haider Rafique, OKX’s Chief Marketing Officer, expressed optimism about the Australian market’s prospects. He described Australia as an underrated market with a dynamic and well-informed customer base. Rafique emphasized OKX’s commitment to tailoring its robust product suite to meet local market needs. Australians will now have access to trading 170 cryptocurrency pairs, including spot and options trading.
Lennix Lai, Director of Financial Markets at OKX, stated that the exchange aims to serve both experienced traders and crypto newcomers in Australia. OKX’s platform is designed to cater to sophisticated traders while providing educational resources for those new to the world of cryptocurrencies.
This move is part of OKX’s global strategy to establish a presence in major regulated markets. By acquiring necessary local licenses and adhering to legal requirements, OKX ensures compliance while offering Australian investors a safe and reliable platform for crypto trading.
OKX’s establishment of a regionally regulated entity in Australia underscores the growing importance of cryptocurrencies in the country’s financial landscape. As more Australians engage with digital assets, access to regulated and trustworthy trading platforms becomes increasingly essential.