We are thrilled to announce that OKX has officially launched its crypto exchange services in Australia, marking a significant step in our global expansion strategy. Australian users can now access spot trading for a wide range of digital assets, while eligible wholesale clients can also engage in derivatives trading.
Why Australia Is a Key Market for Crypto
Australia represents a dynamic and promising market for cryptocurrency services. The country possesses a strong technological infrastructure and a diverse community of crypto enthusiasts, developers, and professional traders. This robust ecosystem positions Australia as a major growth hub as the digital asset industry continues to evolve.
Our commitment to the Australian market is long-term. In preparation for this launch, we established a local office in Sydney in May 2023 and have since assembled a dedicated team specializing in compliance, legal affairs, and management. Regulatory adherence and user protection remain at the core of our operations as we aim to provide a secure and innovative trading environment for all Australian users.
Crypto Trading Services Now Available in Australia
Australian users now have access to the OKX platform, which supports Australian Dollar (AUD) deposits and withdrawals through most major banks. Additionally, users can purchase cryptocurrencies using fiat currency via integrated third-party services including Simplex, MoonPay, and Banxa.
The spot trading marketplace offers 170 trading pairs and 85 tokens, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Tether (USDT). We will continue to expand this list over time—stay updated on new token listings through our official price page.
With this launch, OKX becomes the largest global crypto exchange to offer direct AUD deposit and withdrawal services to Australian residents. Our services are delivered through two locally registered entities:
- Spot Trading: Provided by OKX Australia Pty Ltd., an AUSTRAC-registered company, offering over-the-counter (OTC) spot trading to all users.
- Derivatives Trading: Offered exclusively to verified wholesale clients under the Corporations Act 2001 (Cth) by OKX Australia Financial Pty Ltd., an Australian Financial Services (AFS) licensee regulated by ASIC and registered with AUSTRAC.
Eligible wholesale clients can trade derivatives including futures, options, and perpetual swaps with low latency and high security. All users must meet strict eligibility criteria based on Australian regulatory standards.
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OKX’s Growing Global Presence
Australia is the latest in a series of key expansions for OKX. We have recently launched services in Türkiye, Argentina, and Brazil. Earlier this year, we received in-principle approval for a Major Payment Institution (MPI) license in Singapore and obtained a Virtual Asset Service Provider (VASP) license in Dubai.
Transparency and trust are central to our mission. We were one of the first major exchanges to introduce monthly Proof of Reserves reports, allowing users to independently verify that their funds are fully backed. Since late 2022, we have released 18 consecutive monthly attestations, contributing to higher industry standards for accountability.
Our commitment to the community extends beyond trading services. OKX is a proud partner of major global sports organizations including Manchester City FC, the McLaren Formula 1 team—which features Australian driver Oscar Piastri—and the Majesticks LIV Golf team. We also support Australian Olympian snowboarder Scotty James.
Frequently Asked Questions
What crypto services does OKX offer in Australia?
OKX offers spot trading for all Australian users and derivatives trading for verified wholesale clients. Users can trade over 85 tokens and 170 pairs, with support for AUD deposits and withdrawals.
Who is eligible for derivatives trading in Australia?
Derivatives trading is available only to wholesale clients as defined under the _Corporations Act 2001_. Users must complete a suitability assessment to qualify.
How can I deposit Australian Dollars into my OKX account?
You can deposit AUD via bank transfer through most major Australian banks. The platform also supports buying crypto with fiat through third-party providers like Simplex, MoonPay, and Banxa.
Is OKX regulated in Australia?
Yes, OKX operates through two regulated entities: OKX Australia Pty Ltd. (registered with AUSTRAC) and OKX Australia Financial Pty Ltd. (holds an AFS license).
How does OKX ensure the security of user funds?
OKX uses monthly Proof of Reserves reports and open-source verification tools so that users can independently confirm that their assets are fully backed.
Will more tokens be listed on OKX Australia in the future?
Yes, OKX plans to regularly update and expand its list of available tokens and trading pairs based on market demand and regulatory compliance.
We are excited to serve the Australian market with industry-leading products and a firm commitment to security, innovation, and compliance.