• OKX, a cryptocurrency exchange located in Seychelles, has announced their desire to begin offering services in Australia.
• The exchange sees Australia as a promising market for the next wave of crypto adoption and have opened a new office in the country.
• Around 4 percent of Australia’s population, or 1 million people, are predicted to invest in cryptocurrency for the first time in the next 12 months.
Crypto Exchange OKX Eyes Expansion
OKX, a cryptocurrency exchange located in Seychelles, has indicated its desire to begin offering its services in Australia. The exchange sees Australia as a promising market for the next wave of cryptocurrency adoption and have opened a new office in the country.
Australians’ Enthusiasm For Crypto
OKX’s chief marketing officer, Haider Rafique, told that the country’s decision to expand “Down Under” was spurred by Australians’ great enthusiasm for new crypto investment and trading products. Rafique thinks Australians are more crypto-savvy than the rest of the world which will make it easier for OKX to get into the market.
Poll Results
According to a poll conducted in September by Australian cryptocurrency exchange Swyftx, around 4 percent of Australia’s population, or 1 million people, are predicted to invest in cryptocurrency for the first time in the next 12 months.
AUSTRAC Registration
It is believed that OKX has not yet registered with AUSTRAC (the regulatory body necessary to provide crypto services) but they plan on doing so soon.
Event In Melbourne
The exchange even held an event in Melbourne attended by crypto enthusiasts and well-known figures further showing their commitment to serving clients from Australia.