Global Web3 technology company and virtual asset exchange OKX has officially launched its cryptocurrency exchange platform in Australia. The new service offers spot trading for all users and provides derivatives trading for verified corporate clients in the region. This launch establishes OKX as one of the largest global cryptocurrency exchanges offering direct Australian dollar deposits and withdrawals for local users.
Comprehensive Trading Services for Australian Users
Australian users can now deposit and withdraw Australian dollars through most local banks, facilitating quick and efficient transactions. The platform supports multiple payment methods, including bank transfers, peer-to-peer (P2P) services, and currency conversion options. Users can also purchase cryptocurrencies using fiat currency through third-party platforms such as Simplex, MoonPay, and Banxa.
The spot trading section currently offers 170 cryptocurrency trading pairs and supports 85 tokens, including Bitcoin, Ethereum, Solana, and Tether (USDT). The exchange plans to list additional tokens in the future, providing users with an expanding range of investment opportunities. For the latest updates on new token listings, users can 👉 explore the updated asset list.
Commitment to Compliance and Security
OKX began preparing for its Australian expansion in May 2023 by establishing an office in Sydney. Over the past year, the company has built a local team specializing in corporate governance, legal affairs, and compliance. This investment underscores OKX’s long-term commitment to the Australian digital asset ecosystem.
Spot over-the-counter (OTC) services are provided to all Australian users through OKX Australia Pty Ltd, a locally registered company with AUSTRAC. Derivatives trading services, including futures, options, and perpetual contracts, are offered exclusively to verified corporate clients under the Corporations Act 2001. These services are operated by OKX Australia Financial Pty Ltd, an Australian Financial Services (AFS) licensee regulated by ASIC and registered with AUSTRAC.
Leadership and Vision for the Australian Market
Jamie Kennedy, OKX Australia General Manager, emphasized the company’s user-focused approach:
“Australian crypto users need a secure, easy-to-use platform that responds quickly to their needs, including seamless banking integration and popular AUD trading pairs. My priority is to deliver top-tier products while continuously enhancing compliance and security measures. I am proud of our talented local team, which will help OKX contribute positively to Australia’s crypto industry in the years to come.”
OKX is also known for its commitment to transparency. It was among the first exchanges to introduce monthly Proof of Reserves reports, providing verifiable evidence that user funds are fully backed. The company has released these reports for 18 consecutive months and continues to advocate for higher industry standards in accountability.
Global Presence and Strategic Partnerships
OKX has a strong global footprint, with recent expansions into Turkey, Argentina, and Brazil. In March, the company received in-principle approval for a Major Payment Institution (MPI) license in Singapore. It also secured a Virtual Asset Service Provider (VASP) license in Dubai in January.
Beyond its exchange services, OKX engages in high-profile partnerships. It is a primary partner of the McLaren Formula 1 team, the Premier League champions Manchester City FC, and the Tribeca Film Festival. The company also sponsors Australian Olympic snowboarder Scotty James.
Frequently Asked Questions
What services does OKX offer in Australia?
OKX provides spot trading for all users and derivatives trading for verified corporate clients. Users can deposit and withdraw AUD through most Australian banks and access P2P, conversion, and third-party payment services.
How can I buy cryptocurrencies on OKX Australia?
You can purchase cryptocurrencies using AUD through bank transfers, P2P services, or third-party platforms like Simplex, MoonPay, and Banxa.
Is OKX compliant with Australian regulations?
Yes, OKX operates in full compliance with local regulations. Spot services are offered through an AUSTRAC-registered entity, while derivatives are provided by an ASIC-licensed subsidiary exclusively to corporate clients.
What tokens are available for trading?
The platform supports 85 tokens and 170 trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, and Solana. New tokens are added regularly.
How does OKX ensure the safety of user funds?
OKX uses a Proof of Reserves model, which is publicly verifiable. Monthly reports confirm that all user assets are fully backed, and the company employs advanced security protocols to protect accounts.
Can I use OKX Web3 services in Australia?
Yes, Australian users can access the OKX Web3 wallet, which supports transactions with GameFi and DeFi tokens, NFTs, and metaverse applications.
Digital currency exchange services are provided by OKX Australia Pty Ltd (ABN 22 636 269 040). Derivatives and margin products are offered by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) exclusively to corporate clients as defined under the Corporations Act 2001. This announcement is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy, sell, or hold digital assets. Always conduct your own research and consult a professional before making financial decisions. Past performance is not indicative of future results. Only invest what you are willing to lose. For more details, please refer to the OKX Terms of Use for Australia.