OKX crypto Exchange Launches AUD Trading Pairs in Australia
OKX crypto exchange is making waves in the Australian market by introducing major cryptocurrencies against Australian dollar (AUD) trading pairs. This move comes in response to the growing demand from Australian customers looking to trade digital assets with their local currency.
The exchange’s decision to offer order book-based AUD pairs allows traders to make more informed decisions while engaging in spot trading activities. OKX prides itself on being the largest global exchange to provide such trading pairs in Australia, catering to the needs of its diverse user base.
AUD pairs for popular cryptocurrencies like bitcoin (BTC), Ether (ETH), and stablecoins such as Tether (USDT) and USD coin (USDC) will now be available to OKX users in Australia. This development marks a significant milestone in the exchange’s commitment to meeting the evolving needs of its clientele.
“The addition of the crypto-AUD trading pairs is a direct response to the demand of our customers in Australia,” stated Jamie Kennedy, OKX Australia general manager. He emphasized the importance of offering local fiat trading capabilities to drive adoption and foster the development of the local crypto ecosystem.
“We believe that offering local fiat trading capabilities is crucial to driving adoption and development of the local crypto ecosystem, and we’ll continue investing and introducing new, tailored products to help us realize our vision.”
OKX Entered Australian Market Last Year
OKX made its official debut in the Australian market last year, establishing an office in Sydney and positioning itself as the largest global crypto exchange offering direct AUD deposits and withdrawals to Australian users. The exchange’s presence in Australia underscores its commitment to providing a secure and user-friendly platform for crypto enthusiasts in the region.
As part of its expansion strategy, OKX received in-principle approval for a payments license to operate in Singapore earlier this year. The exchange also ventured into the Turkish market, launching operations to cater to the growing demand for decentralized finance (DeFi) solutions.
Furthermore, OKX garnered recognition at the “WeMoney Cryptocurrency Awards 2024,” where it was awarded the title of crypto exchange of the year in Australia. This accolade serves as a testament to the exchange’s dedication to innovation and its ongoing efforts to enhance the crypto product offerings for its local customer base.
“These accolades are a reflection of our pursuit of innovation and our dedication to providing our local customers with fitting products that they trust,” remarked Kennedy. He reiterated OKX’s commitment to driving growth and participation in the Australian crypto ecosystem, signaling the exchange’s long-term vision for the market.