OKX to Offer its Services to Institutional and Retail Investors in UAE
OKX has officially announced the launch of its trading platform in the United Arab Emirates, which is now open to both retail and institutional investors following the company’s acquisition of a full operating license.
In a statement, the exchange declared that UAE residents who have completed the necessary onboarding process can now access OKX’s various services, including Spot trading, express buying and selling, conversions, and On-chain earning products, through its website or app.
As one of the world’s largest cryptocurrency exchanges in terms of trading volume, OKX’s new platform aims to capitalize on the current market trends and cater to the needs of both institutional and retail investors in the UAE.
President Hong Fang expressed his optimism about stablecoins filling the gaps in the Emirates’ financial system.
Additionally, OKX noted that qualified professional traders and institutional investors can also engage in derivatives trading on the platform, but must meet certain requirements.
