OKX to Introduce AUD Trading Pairs, Enhancing Crypto Access for Australian Users

In response to rising demand from its Australian customer base, OKX, one of the leading global cryptocurrency exchanges, is set to launch Australian dollar (AUD) trading pairs. This move will allow Australian traders to exchange major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) directly against AUD.

The announcement on Monday marks a significant step for OKX, making it the largest global exchange to offer order book-based AUD pairs for spot trading in Australia. This feature, designed to provide traders with greater transparency and more informed trading decisions, underscores OKX’s commitment to local market needs.

OKX’s Strategic Expansion in Australia

Jamie Kennedy, OKX Australia’s General Manager, highlighted that the addition of crypto-AUD trading pairs is a direct response to the demands of Australian customers. “Offering local fiat trading capabilities is crucial to driving adoption and development of the local crypto ecosystem,” Kennedy stated, emphasizing OKX’s goal to continue investing in tailored products that meet the unique needs of the Australian market.

OKX’s expansion into the Australian market began in earnest last year when the exchange established an office in Sydney, officially launching its Australian operations in May. Since then, the exchange has positioned itself as a major player in the Australian crypto scene, offering direct AUD deposits and withdrawals, and providing a platform that Kennedy describes as “secure, easy-to-use, and responsive to [customers’] needs.”

OKX’s Global and Local Achievements

OKX’s recent achievements are not limited to Australia. Earlier this year, the exchange received in-principle approval for a payments license in Singapore and expanded its operations into Turkey. Additionally, OKX was honoured with the “WeMoney Cryptocurrency Awards 2024” as the crypto exchange of the year in Australia. Kennedy noted that these accolades reflect OKX’s relentless pursuit of innovation and dedication to its customers.

As OKX continues to build upon its momentum, the introduction of AUD trading pairs is expected to open new market opportunities for its Australian users, further solidifying the exchange’s role in shaping the future of the crypto ecosystem in the region.

Also Read: OKX Emerges as Australia’s Top Crypto Exchange