OKX, the second-largest crypto exchange, is expanding its global footprint by opening an office in Australia in the coming months. The disclosure was made during a private gathering hosted at the Melbourne Arts Centre.
The Australian crypto community welcomed the news, which is no surprise given the country’s strong adoption of cryptocurrencies. Haider Rafique, the Chief Marketing Officer of OKX, expressed his appreciation for Australia’s significance in OKX’s strategy and its growth potential, emphasizing the company’s dedication to establishing a robust local presence.
The event was also attended by Australian F1 driver and OKX Ambassador Daniel Ricciardo, who expressed his excitement at the prospect of the exchange opening an office in his home country.
He was joined by Australian Olympic snowboarder and the exchange’s Ambassador Scotty James, who highlighted the non-stop nature of the crypto world and the importance of building a strong community.
Scotty James said:
Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia.
The exchange’s commitment to transparency and trust is evident in its monthly Proof of Reserves (PoR) publication. It shows that it holds the largest 100% clean reserves among major exchanges, at $8.9 billion.
This figure is verifiable through trustless tools on the exchange’s website, which allows users to check the reserves and liabilities themselves.
Additionally, as the Australian Grand Prix commences on March 30th, the OKX-sponsored McLaren F1 Team car will be driven by Australian Oscar Piastri and Lando Norris, further cementing the exchange’s presence in the Australian market.
OKX Is Expanding Its Global Footprint
Recently, the exchange announced its expansion into Hong Kong’s virtual asset services market. The company has established a Hong Kong entity and plans to apply for virtual asset service provider licenses, as well as Type 1 & 7 licenses under the Securities and Futures Ordinance.
Additionally, It also launched Turkish Lira deposits and withdrawals and announced its name sponsorship of Istanbul Fintech Week, as reported by TronWeekly.
However, the expansion of OKX’s global reach and its commitment to transparency is a positive signs for the crypto community. The news of their Australian office is sure to be welcomed by Australian crypto enthusiasts.