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OKX launches dedicated Australian exchange, derivatives trading

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Local traders will be able to access AUD deposits and withdrawals and 170 spot trading pairs.

The global crypto platform OKX is the latest player to enter the Australian crypto market, launching a full-featured exchange that will make it easy for crypto investors to trade using Australian dollars.

It comes a year after OKX first announced an Australian office to establish a local presence and means OKX will be the largest global exchange offering AUD deposits and withdrawals.

The key takeaways

  • Users can deposit and withdraw AUD directly via their bank account
  • At least 70 AUD spot trading pairs will be available to trade
  • Other trading options include quick buy, instant conversions and peer-to-peer markets.
  • Verified wholesale clients will also be able to trade crypto derivatives.

What is OKX?

OKX is a global crypto exchange that was founded in 2017 and now manages billions of dollars of spot trading volume every day. It operates in a number of countries including Hong Kong, the UAE, France and has over 50 million users.

Why is OKX launching in Australia?

OKX Australia general manager Jamie Kennedy said Australia is a key growth market thanks to the strong uptake among local users.

"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," he said.

"We have assembled a great local team that will ensure OKX contributes to Australia's crypto industry for years to come."

Trying to get a handle on the markets? Cut through the noise with our overview of the best cryptos to buy right now, explore some strategies for how to trade crypto or see if there's a better platform for you with our guide to the best crypto exchanges.

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