Cryptocurrency Exchange OKX Announces Launch of AUD Trading Pairs For Australian Customers

Responding to the growing demand from its Australian clients, OKX cryptocurrency exchange has announced the introduction of major cryptocurrencies paired against the Australian dollar (AUD).

This announcement, made on Monday, signifies that 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.

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

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OKX Enters Australian Market in 2023

In May, the cryptocurrency exchange OKX officially commenced operations in Australia, following the establishment of its Sydney office the previous year. With this launch, OKX asserted its position as the largest global crypto exchange, offering Australians the convenience of direct AUD deposits and withdrawals. This move underscores the exchange’s dedication to providing seamless and accessible crypto trading services to the country’s growing crypto community.

Besides, Kennedy stated 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.”

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