OKX, a global blockchain company, has officially launched its operations in the UAE. With a full license from the Dubai Virtual Asset Regulatory Authority (VARA), it operates as OKX Middle East Fintech FZE.

OKX introduces AED banking

OKX is the first global crypto company in the UAE to offer AED transactions for retail and institutional customers. Investors in virtual assets can now deposit and withdraw AED directly from the OKX platform via local bank accounts.

Features of the AED order book

OKX introduced a unique AED order book for the UAE. Retail and institutional users can trade AED, BTC, ETH, and USDT without intermediaries, reducing costs and speeding up transactions in the local market.

Localization and OKX's plans

OKX aims to minimize friction while offering regulation and transparency. The company is actively developing local crypto exchanges in Singapore, Brazil, Turkey, the Netherlands, Australia, and the UAE. OKX plans to expand into other MENA countries in the future.

OKX continues to evolve the blockchain ecosystem, creating new alternatives for a safe, transparent, and regulated internet space.