OKX crypto exchange has responded to the demands of its Australian customers by offering major cryptocurrencies against Australian dollar (AUD) trading pairs. This move, announced on Monday, makes OKX the largest global exchange to provide order book-based AUD pairs for spot trading in Australia. The exchange will now allow users in Australia to trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against the AUD. According to Jamie Kennedy, OKX Australia’s general manager, this decision was made in direct response to the demand from Australian customers, with the goal of driving adoption and development of the local crypto ecosystem.
OKX officially launched in Australia in May, establishing an office in Sydney the year prior. The exchange prides itself on being the largest global crypto exchange to offer direct AUD deposits and withdrawals to Australians. Kennedy emphasized the importance of providing Australian crypto users with a secure, user-friendly platform that meets their needs, including access to banking rails and AUD trading pairs for popular cryptocurrencies. In addition to catering to the Australian market, OKX also received in-principle approval for a payments license in Singapore in March and expanded its operations to Turkey in February.
In recognition of its efforts to innovate and provide reliable products for local customers, OKX was awarded the “WeMoney Cryptocurrency Awards 2024” for crypto exchange of the year in Australia. Kennedy sees these accolades as a reflection of OKX’s dedication to innovation and commitment to meeting the needs of its customers. However, he acknowledges that there is still more work to be done to enhance the suite of crypto products available to local users and actively participate in building the crypto ecosystem in Australia for the future. By introducing crypto-AUD trading pairs and continuing to invest in tailored products, OKX aims to drive further growth and development in the Australian market.
The addition of crypto-AUD trading pairs not only meets the demands of Australian customers but also opens up new market opportunities for OKX users in the country. By providing order book-based AUD pairs for popular cryptocurrencies, OKX enables traders to make more informed decisions when trading against the Australian dollar. Kennedy believes that offering local fiat trading capabilities is essential for driving adoption and growth in the local crypto ecosystem. As OKX continues to invest in new products and services, the exchange remains committed to realizing its vision of providing secure, user-friendly platforms for crypto trading while actively contributing to the development of the crypto industry in Australia.
With a decade of crypto coverage and a team of experienced journalists and analysts, Cryptonews delivers authoritative insights that readers can rely on. The platform maintains strict editorial standards to ensure factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Cryptonews’ longstanding presence in the industry and commitment to quality journalism have established it as a trusted source in the dynamic world of digital assets. By offering in-depth market knowledge and hands-on testing of blockchain technologies, Cryptonews provides readers with reliable information to navigate the evolving landscape of cryptocurrencies and blockchain technology.
