Global crypto company OKX has announced it is operationally live and licensed in the UAE.
The firm is now the first global crypto company in UAE to offer AED banking rails for its retail and institutional customers.
OKX Middle East General Manager Rifad Mahasneh made the announcement at the company’s gala event at the Museum of the Future.
OKX UAE crypto exchange
UAE residents can now access a range of services, including:
- Spot trading
- Conversions
- Express buy and sell
- On-chain earning products
Additionally, qualified and institutional investors who meet specific criteria will have access to derivatives trading.
Virtual asset investors in the UAE can now deposit and withdraw AED directly to and from the OKX platform via local bank accounts.
OKX offers the widest selection of cryptocurrencies and trading pairs in the UAE, with more than 280 cryptocurrencies and 480 trading pairs, including BTC/AED, ETH/AED, and USDT/AED.
OKX MENA General Manager Rifad Mahasneh said: “We’re thrilled to be the first global crypto exchange to launch with a full operating licence for retail and institutional clients in the UAE. We’ve brought leaders and visionaries from diverse backgrounds to tonight’s event to discuss the bright future of this space in the country and region and its impact on business sectors.
“We’re deeply committed to growing locally and our product development reflects this commitment. Tonight’s celebration is just the beginning of a long-term journey.”
UAE residents can complete the verification process online or in app to start trading. OKX has announced a new reward of up to AED100 for new customers to try the new app.
In line with its commitment to security and risk management, OKX also announced at the event the appointment of Yuri Mushkin as Global Chief Risk Officer.
The event also featured CEO Star Xu, CMO Haider Rafique, Manchester City manager Pep Guardiola, Founder and Managing Partner of Skybridge Capital Anthony Scaramucci, Polygon Co-founder Sandeep Nailwal and Co-creator of Stacks Muneeb Ali, as guest speakers and panellists.
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