Crypto Exchange OKX to Launch AUD Trading Pairs For Australian Customers

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Sujha Sundararajan

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Sujha Sundararajan

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August 18, 2024

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OKX crypto exchange is bringing major cryptocurrencies against Australian dollar (AUD) trading pairs, following demand from its Australian customers.

Announced Monday, the exchange would offer order book-based AUD pairs, which helps traders make more informed trading decisions.

OKX becomes “largest global exchange to offer order book-based AUD pairs for spot in the country,” the announcement read.

OKX users in Australia will be eligible to trade cryptos including Bitcoin (BTC), Ether (ETH), and stablecoins such as Tether (USDT) and USD Coin (USDC) against AUD.

“The addition of the crypto-AUD trading pairs is a direct response to the demand of our customers in Australia,” said Jamie Kennedy, OKX Australia general manager.

“We believe that offering local fiat trading capabilities is crucial to driving adoption and development of the local crypto ecosystem, and we’ll continue investing and introducing new, tailored products to help us realize our vision.”

Further, the addition of crypto-AUD trading pairs would also bring new market opportunities to OKX’s Australian customers.

OKX Entered Australian Market Last Year

Crypto exchange OKX officially launched in Australia in May, after it established an office in Sydney last year. The exchange claimed to be the largest global crypto exchange offering direct AUD deposits and withdrawals to Australians.

Besides, Kennedy noted that Australian crypto users “deserve a platform that is secure, easy-to-use and responsive to their needs.” This includes seamless access to banking rails and AUD pairs for the most popular cryptocurrencies, he said at the time.

OKX already received in-principle approval for a payments license to operate in Singapore in March. The exchange also launched its operations in Turkey, this February.

Additionally, OKX also received the “WeMoney Cryptocurrency Awards 2024” for crypto exchange of the year in Australia.

“These accolades are a reflection of our pursuit of innovation and our dedication to providing our local customers with fitting products that they trust,” Kennedy said. “But there’s still lots of work to be done. We’ll build upon this momentum to bring local users an enhanced suite of crypto products and actively participate in building the crypto ecosystem in Australia for the future.”