OKX is expanding its offerings by introducing major cryptocurrencies paired with the Australian dollar (AUD). This move directly responds to the increasing demand from its Australian users.
On Monday, OKX announced that it would offer order book-based AUD pairs, enabling traders to make more informed decisions. OKX is now the largest global exchange to provide order book-based AUD pairs for spot trading in Australia.
Expanding Trading Options for Australian Users
With this new feature, Australian OKX users can trade cryptocurrencies like Bitcoin (BTC), Ether (ETH), and stablecoins such as Tether (USDT) and USD Coin (USDC) against the AUD. Jamie Kennedy, OKX Australia’s General Manager, emphasized that the addition of these trading pairs meets the specific demands of their Australian customers.
Kennedy noted, “Offering local fiat trading capabilities is essential for boosting the adoption and development of the local crypto ecosystem. We will continue to invest in and introduce new, tailored products to achieve this vision.”
New Market Opportunities for Australian Customers
The addition of crypto-AUD trading pairs opens up new market opportunities for OKX’s Australian customers, allowing them to engage more effectively with the crypto market.
OKX’s Expansion in Australia
OKX officially entered the Australian market in May and established an office in Sydney last year. The exchange now claims to be the largest global crypto platform offering direct AUD deposits and withdrawals for Australians.
Kennedy pointed out that Australian crypto users deserve a platform that is secure, user-friendly, and responsive to their needs. This includes seamless access to banking rails and AUD trading pairs for popular cryptocurrencies.
Recognition and Future Plans
OKX also received in-principle approval for a payments license in Singapore and launched its operations in Turkey earlier this year. Recently, the exchange was honored with the “WeMoney Cryptocurrency Awards 2024” for Crypto Exchange of the Year in Australia.
Kennedy concluded, “These accolades highlight our commitment to innovation and our dedication to providing our local customers with trustworthy products. However, there is still more to accomplish. We plan to build on this momentum by offering an enhanced suite of crypto products and actively contributing to the development of Australia’s crypto ecosystem.”
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