OKX, a crypto exchange, announced the introduction of major cryptocurrencies against Australian dollar (AUD) trading pairs in response to customer demand in Australia. The exchange is now offering order book-based AUD pairs, including popular cryptocurrencies such as Bitcoin, Ether, Tether, and USD Coin. This move makes OKX the largest global exchange to provide order book-based AUD pairs for spot trading in the country. Jamie Kennedy, the general manager of OKX Australia, emphasized the importance of offering local fiat trading capabilities to drive adoption and development of the Australian crypto ecosystem. The addition of crypto-AUD trading pairs is expected to bring new market opportunities to OKX’s Australian customers.
OKX officially entered the Australian market in May, following the establishment of an office in Sydney the previous year. The exchange positioned itself as the largest global crypto exchange offering direct AUD deposits and withdrawals to Australians. Kennedy highlighted the importance of providing Australian crypto users with a secure, user-friendly platform that meets their needs, including seamless access to banking rails and AUD pairs for popular cryptocurrencies. In March, OKX received in-principle approval for a payments license to operate in Singapore and launched operations in Turkey in February. The exchange also received the “WeMoney Cryptocurrency Awards 2024” for being named the crypto exchange of the year in Australia.
The recognition and accolades received by OKX reflect its commitment to innovation and dedication to providing local customers with trusted products. Kennedy acknowledged that while the awards are a positive sign, there is still work to be done to enhance the suite of crypto products for Australian users and actively contribute to building the crypto ecosystem in the country for the future. By introducing new, tailored products and continuing to invest in the local market, OKX aims to realize its vision of driving adoption and development within the Australian crypto community. The addition of crypto-AUD trading pairs is just one step in this ongoing effort to meet the evolving needs of customers in Australia.
The decision to offer cryptocurrency trading against the Australian dollar aligns with OKX’s strategy to cater to the demands of its Australian customer base and provide a comprehensive range of trading options. By introducing order book-based AUD pairs for major cryptocurrencies, OKX aims to empower traders with more informed decision-making tools. This strategic move positions OKX as a leader in the Australian crypto market, offering a diverse selection of trading pairs that reflect the evolving needs of customers. With a focus on customer satisfaction and market innovation, OKX continues to expand its presence in key regions such as Australia, Singapore, and Turkey, demonstrating its commitment to driving growth within the global crypto industry.
Overall, OKX’s introduction of crypto-AUD trading pairs underscores its dedication to meeting the specific needs of Australian customers and driving the adoption of cryptocurrencies within the local ecosystem. By offering a secure and user-friendly platform that supports direct AUD deposits and withdrawals, OKX is well-positioned to provide tailored solutions for Australian crypto users. The exchange’s recognition as the crypto exchange of the year in Australia and its ongoing commitment to innovation highlight its leadership in the industry. Moving forward, OKX plans to build upon its momentum and collaborate with local users to enhance the crypto product suite, contributing to the growth and development of the Australian crypto market for years to come.
