Crypto company OKX officially launches in the UAE

Global crypto company OKX have announced it is operationally live and licensed in the UAE at an event at the Museum of the Future on the evening of 10th October, 2024. With the announcement, the firm is now the first global crypto company in UAE to offer AED banking rails for its retail and institutional customers.

OKX MENA General Manager Rifad Mahasneh said, “We’re thrilled to be the first global crypto exchange to launch with a full operating license 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 who complete the required onboarding steps on the OKX App and website can now access a range of services, including spot trading, convert, express buy and sell, and 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 over 280 cryptocurrencies and 480 trading pairs, including BTC/AED, ETH/AED, and USDT/AED.

UAE residents can visit the OKX website or download the OKX app via the App Store or Google Play and complete the verification process in order to start trading.

To celebrate the launch, OKX announced a new reward of up to 100 AED for new customers to try the new app. More tokens will be listed for UAE customers in the near future, and customers are invited to check here for the latest list of tokens offered. Arabic language customer support is offered on the OKX website and app.