OKX Crypto Exchange Expands To Middle East With Dubai License Approval

OKX Crypto Exchange Expands To Middle East With Dubai License Approval


Published Thursday 15th June 2023

OKX Crypto Exchange has recently expanded its services to the Middle East after receiving a license approval from Dubai's Virtual Assets Regulatory Authority. The exchange has been granted a preparatory license, which will allow it to offer spot, derivatives, and fiat services to customers. Additionally, OKX Middle East will be able to enable deposits and withdrawals in both US dollars and UAE dirhams. This move marks a significant step for OKX as it expands its services to a new region and continues to grow its customer base.

With the preparatory license, OKX Middle East plans to open an office in the Dubai World Trade Center and increase its staff numbers to 30. The exchange will offer a range of services and products to customers in the region, including spot trading, derivatives trading, and fiat trading. Additionally, OKX Middle East will provide a secure platform for customers to buy, sell, and store cryptocurrencies. The exchange will take all necessary measures to ensure the security of its customers' assets and information.

OKX Middle East will also offer a range of trading tools and features to help customers make informed decisions. The exchange will provide real-time price data, market analysis, and other tools to help customers analyze the market and make profitable trades. Additionally, OKX Middle East will offer a range of advanced trading features, such as margin trading and futures trading, to help customers maximize their profits.

The expansion of OKX to the Middle East is a significant development for the cryptocurrency industry. Dubai is rapidly emerging as a hub for blockchain and cryptocurrency innovation, and the approval of OKX's license is a clear indication of the region's interest in cryptocurrencies. With the preparatory license, OKX Middle East will be able to offer its services to a new and growing customer base in the region. As the cryptocurrency industry continues to evolve, OKX aims to provide innovative and reliable services to customers around the world.

Overall, OKX's expansion to the Middle East is a significant development for the cryptocurrency industry. With the approval of its license, the exchange will be able to offer a range of services and products to customers in the region, including fiat trading, derivatives trading, and spot trading. Additionally, OKX Middle East will offer advanced trading features and tools to help customers make informed decisions and maximize their profits. With the opening of its new office in the Dubai World Trade Center, OKX Middle East aims to provide innovative and reliable services to customers in the region and beyond.

Crypto News & Headlines

Spot Ethereum ETFs Likely To Trade Starting July 2, Says Bloomberg Analyst


Bloomberg analyst Eric Balchunas predicts the launch of the highly anticipated spot Ethereum ETFs on July 2nd, following optimistic feedback from the

Trending on 15th June 2024 08:15 AM

Uniswap (UNI) Surges Past $10 With Potential To Hit $20


Uniswap's native cryptocurrency, UNI, has surged over 8%, trading above $10 amid broader market consolidation.

Trending on 15th June 2024 07:36 AM

Turkey Proposes New Crypto Tax Amid Ongoing Lira Struggles


Turkish lawmakers propose a 0.03% tax on crypto transactions to address the budget deficit caused by last year's earthquakes.

Trending on 14th June 2024 11:02 PM

Majority Of Central Banks Consider CBDCs, Reports BIS


The latest BIS report reveals that 94% of central banks are considering a CBDC, with a greater focus on wholesale CBDCs over retail ones within the ne

Trending on 14th June 2024 10:21 PM

Gemini Settles $50M Fraud Case With New York


New York Attorney General Letitia James secured a $50 million settlement from Gemini Trust to repay defrauded investors in its Gemini Earn program.

Trending on 14th June 2024 09:15 PM