Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
OKX crypto exchange is introducing significant cryptocurrencies against Australian dollar (AUD) trading pairs, in response to requests from its Australian clientele.
Announced on Monday, the exchange will provide order book-based AUD pairs, which assist traders in making more informed trading choices.
According to the announcement, OKX is now the “largest global exchange to offer order book-based AUD pairs for spot in the country.”
Users of OKX in Australia will have the opportunity to trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against AUD.
“The introduction of the crypto-AUD trading pairs is a direct response to the needs of our customers in Australia,” stated Jamie Kennedy, general manager of OKX Australia.
“We believe that providing local fiat trading options is essential for fostering adoption and growth of the local crypto ecosystem, and we will continue to invest and roll out new, customized products to help us achieve our vision.”
Related Posts
Moreover, the introduction of crypto-AUD trading pairs will also create new market opportunities for OKX’s Australian users.
OKX Entered Australian Market Last Year
The crypto exchange OKX officially commenced operations in Australia in May, after establishing an office in Sydney the previous year. The exchange claims to be the largest global crypto exchange providing direct AUD deposits and withdrawals for Australians.
Additionally, Kennedy emphasized that Australian crypto users “deserve a platform that is secure, user-friendly, and responsive to their requirements.” This encompasses smooth access to banking services and AUD pairs for the most sought-after cryptocurrencies, he remarked at that time.
OKX has already obtained in-principle approval for a payments license to function in Singapore as of March. The exchange also initiated its operations in Turkey this February.
Furthermore, OKX received the “WeMoney Cryptocurrency Awards 2024” for crypto exchange of the year in Australia.
“These awards reflect our commitment to innovation and our dedication to offering our local customers suitable products that they can rely on,” Kennedy stated. “However, there is still much work ahead. We will build on this momentum to provide local users with an improved range of crypto products and actively engage in developing the crypto ecosystem in Australia for the future.”
The post Crypto Exchange OKX to Launch AUD Trading Pairs For Australian Customers appeared first on Cryptonews.
