OKX has officially launched OKX Australia Pty Ltd., establishing an office in Sydney since May 2023. The platform provides spot and derivatives trading services in the region, with spot trading available to all users and derivative trading restricted to verified wholesale clients. OKX Australia facilitates direct deposits and withdrawals in Australian dollars, enabling the purchase of 85 tokens and 170 crypto spot pairs with this fiat currency.

Among the tokens available on OKX Australia are Bitcoin, Ethereum, and Solana, with the potential for more tokens to be added as operations expand in the country. Deposits and withdrawals of currency are facilitated by Australian banks, and users can also acquire cryptocurrencies through third-party services like MoonPay, Simplex, and Banxa.

Jamie Kennedy, the General Manager at OKX Australia, emphasized the platform's commitment to providing Australian users with seamless access, an intuitive UI, and a secure experience. He highlighted the investment in compliance and security measures to ensure users' peace of mind, expressing confidence in OKX Australia's contribution to the crypto industry in the future.

OKX Australia Pty Ltd. is registered with AUSTRAC, and wholesale clients must meet the relevant requirements outlined in the Corporations Act 2001 (Cth). The platform's expansion into Australia complements its global presence, which includes operations in Argentina, Turkey, and Brazil. Recent milestones include receiving In-Principle Approval for a Major Payment Institution License in Singapore in March and obtaining a Virtual Asset Service Provider (VASP) license in Dubai in January.

As OKX continues to expand its operations internationally, 2024 marks its commitment to enhancing accessibility for users worldwide. Established in 2017, OKX offers over 300 cryptocurrencies and more than 500 trading pairs, with additional details available in the OKX exchange review, covering aspects such as customer support, withdrawal fees, and transaction fees.

Top traders favor OKX for its competitive trading fees, diverse payment methods, user-friendly interface, and availability of a demo account. While the availability of features may vary by region and launch stage, OKX aims to make its platform accessible wherever it operates.

OKX plans to introduce advanced features in the near future, including an NFT Marketplace and Algo-order options, alongside potential listings of new tokens.