OTC spot buying and selling providers are offered by OKX Australia Pty Ltd., which is registered with AUSTRAC, and derivatives and margin buying and selling providers are offered by OKX Australia Monetary Pty Ltd., which holds an Australia Monetary Companies (AFS) license regulated by ASIC, and can be AUSTRAC registered.
In preparation for its entry into the Australian market, OKX opened an workplace in Sydney in Might 2023 and constructed a crew of specialists in administration, authorized, compliance, and different specialties over the previous yr. It is going to additional spend money on the Australian crypto ecosystem going ahead.
OTC spot buying and selling providers can be found to all customers in Australia by way of OKX Australia Pty Ltd., which is a regionally included entity registered with AUSTRAC. In the meantime, derivatives (futures, choices and perpetual swaps) buying and selling providers will solely be provided to verified wholesale purchasers who go stringent suitability exams by way of OKX Australia Monetary Pty Ltd., an area entity which holds an Australia Monetary Companies (AFS) license regulated by ASIC, and can be AUSTRAC registered.
In step with its dedication to transparency, OKX was among the many first within the crypto trade to publish month-to-month Proof of Reserves to validate its full backing of consumer funds held on the platform. Utilizing open-source verification instruments, customers can independently affirm that their property are backed by OKX reserves. Since launching Proof of Reserves in late 2022, OKX has revealed 18 consecutive month-to-month snapshots whereas driving the trade’s adoption of recent and improved reporting requirements.
OKX has a robust international presence, and just lately launched its product in Türkiye, Argentina and Brazil. In March, OKX acquired In-Precept Approval for a Main Cost Establishment (MPI) license in Singapore and acquired its Digital Asset Service Supplier (VASP) license in Dubai in January.
OKX is a high accomplice of McLaren Components 1 crew, English Premier League champions Manchester Metropolis FC, the Majesticks LIV golf crew, and is the presenting accomplice of the long-lasting Tribeca Movie Pageant. OKX additionally sponsors the well-known Australian Olympian snowboarder Scotty James.
