OKX established a Sydney office in May 2023 and assembled a local team specializing in management, legal, and compliance to ensure adherence to Australian regulations.

The company emphasizes its commitment to the Australian crypto ecosystem with plans for further investment.

Tailored Services for Different User Types

OKX operates through two locally incorporated entities:

• OKX Australia Pty Ltd.: Registered with AUSTRAC, this entity provides OTC spot trading services accessible to all users.
• OKX Australia Financial Pty Ltd.: Holding an AFS license from ASIC and registered with AUSTRAC, this entity offers derivatives trading (futures, options, and perpetual swaps) exclusively to verified wholesale clients who meet the relevant criteria under the Corporations Act 2001 (Cth).

Security and Transparency at the Forefront

OKX prioritizes security and user trust. As a testament to this commitment, it was among the first crypto exchanges to implement monthly Proof of Reserves reports, allowing users to independently verify that their funds are fully backed.

Since late 2022, OKX has consistently published these reports, promoting transparency within the industry.

Global Expansion and Strategic Partnerships

This Australian launch follows OKX’s recent entry into Türkiye, Argentina, and Brazil. The company is actively expanding its global footprint while forging strategic partnerships.

Notably, OKX holds partnerships with McLaren Formula 1, Manchester City FC, Majesticks LIV golf team, the Tribeca Film Festival, and Australian Olympian snowboarder Scotty James.