OKX has introduced major cryptocurrency trading pairs against the Australian dollar (AUD).
The exchange’s local users will now be able to trade cryptocurrencies such as Bitcoin (BTC), Ether (ETH), and stablecoins like Tether (USDT) and USD Coin (USDC) against the AUD.
The exchange announced today, Monday, August 19, that the move was in response to growing demand from its Australian users.
“The introduction of crypto-AUD trading pairs directly responds to the demand from our Australian customers,”
stated Jamie Kennedy, General Manager of OKX Australia.
“We believe that enabling local fiat trading is essential for fostering the growth of Australia’s crypto ecosystem, and we are committed to continually investing in new, customized products to achieve that goal.”
OKX claims it is now the largest global exchange to provide order book-based AUD pairs for spot trading in Australia.
Additionally, the exchange noted that introducing crypto-AUD trading pairs is expected to open up new market opportunities for OKX’s Australian customers, further enhancing their trading experience on the platform.
OKX officially launched its operations in Australia in May 2024, following establishing its Sydney office last year. The exchange positioned itself as the largest global crypto platform offering Australians direct AUD deposits and withdrawals.
At the time, General Manager Kennedy emphasized that Australian crypto users “deserve a platform that is secure, easy to use, and responsive to their needs,” highlighting the importance of providing seamless banking access and AUD pairs for the most popular cryptocurrencies.
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Meanwhile, OKX recently won the “WeMoney Cryptocurrency Awards 2024” for Crypto Exchange of the Year in Australia. The company’s Australia General Manager stated that the accolade reflects their commitment to innovation and delivering trusted products to local customers. Despite the recognition, he emphasized that much work remains, and the focus will be on expanding their range of crypto products while contributing to the development of Australia’s crypto ecosystem.
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