OKX, a cryptocurrency exchange based in Seychelles, has revealed its intention to broaden its crypto services to Australia due to the country’s advanced level of interest and knowledge in the crypto sector. OKX stated that Australia is an important growth market for the company, which already provides services to over 100 countries. Haider Rafique, the chief marketing officer of OKX, said that Australian retail investors show a “huge appetite” for exploring crypto as an investment vehicle and trading, and that Australians are already familiar with the value of blockchain and the promise it holds.
OKX aims to build a strong local office in Australia and hopes to create value for Australians that will ultimately benefit everyone. A September survey found that approximately 1 million Australians are expected to enter the crypto market for the first time within the next 12 months. While OKX has not yet registered with AUSTRAC, the licensing regime required to offer cryptocurrency services in Australia, it plans to do so soon.