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The exchange's main selling serviceman believes Australians are above-the-curve erstwhile it comes to crypto acquisition and interest.
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Seychelles-based crypto speech OKX has signaled its volition to grow its crypto services to Australia, a state it believes is primed to instrumentality connected the adjacent question of crypto adoption.
The trading level explained successful a March 29 connection that Australia would beryllium a cardinal maturation marketplace for the steadfast moving forward. The steadfast states it provides services to implicit 100 countries. In July 2022, it secured a provisional license successful Dubai.
"We spot Australia arsenic an indispensable portion of this strategy and a cardinal maturation market. With specified a beardown uptake of crypto successful Australia already, we're committed to the section marketplace and purpose to physique a beardown section office,” the steadfast wrote successful a statement.
— OKX (@okx) March 29, 2023Haider Rafique, the main selling serviceman of OKX told Cointelegraph that the determination to grow "Down Under" was driven by a “huge appetite” of Australians for much crypto concern and trading products:
“What I’ve interestingly recovered implicit the past 5-6 years is that Australian retail investors surely amusement a immense appetite for exploring crypto arsenic an concern conveyance and besides for trading. When I came to OKX, I surely saw that successful presumption of web postulation and radical from Australia trying to research OKX services.”Rafique believes Australians are above-the-curve successful presumption of crypto education, which helium hopes volition marque OKX’s determination into the marketplace each the much smooth.
“They’re beauteous acquainted with crypto, the worth of blockchain, the committedness that it holds successful the future, and I deliberation from america arsenic a company, it makes it truly intriguing for america to widen our services successful this market,” helium said, adding:
“I deliberation the worth instauration we tin bash for Australians volition yet assistance each boats.”
OKX Ambassadors Daniel Ricciardo and Scotty James with OKX CMO Haider Rafique astatine the Q&A league held successful Melbourne connected March 30. Source: OKXA September 2022 survey from Australian crypto speech Swyftx recovered that astir 1 cardinal Aussies are expected to participate into crypto for the archetypal clip wrong the adjacent 12 months, which represents astir 4% of the country’s population.
Rafique said helium was besides impressed with Australia’s crypto startup scene.
— OKX (@okx) March 29, 2023It is understood that the trading steadfast has not yet registered with AUSTRAC, the licensing authorities required to connection cryptocurrency services successful Australia.
OKX was not successful a presumption yet to stock wherever the Australian bureau would perchance beryllium located oregon however ample the squad would be. OKX presently employs implicit 1,750 staff, according to LinkedIn.
Related: OKX latest impervious of reserves reveals $8.9B successful assets
OKX is successful the process of applying for a Virtual Asset Service Provider (VASP) licence successful Hong Kong too, Rafique confirmed.
The enlargement program into Australia and Hong Kong comes arsenic OKX precocious announced plans to cease its services to Canadians successful June.
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