OKX Supported Countries
OKX is a cryptocurrency exchange renowned for its broad availability across numerous geographical regions. As of 2023, users from North America, Europe, Asia, Australia, and Africa can access OKX's vast array of crypto services, barring a few exceptions due to regional regulations. Countries like Australia and France have complete access to OKX, enabling residents to trade, buy, and sell cryptocurrencies with several trading types seamlessly. Some locations, like the United Kingdom and Hong Kong, do not have access to derivatives trading and only have limited access to the platform.
OKX Restricted Countries
The exchange is available in most jurisdictions, and the only restricted locations are Hong Kong, Cuba, Iran, North Korea, Crimea, Malaysia, Singapore, Syria, United States of America, including all U.S.A. territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas), the Bahamas, Canada, the Netherlands, the United Kingdom, Bangladesh, Bolivia, Donetsk, Luhansk and Malta. Residents of Canada and the Bahamas that already have an existing account can continue to use them. However, new accounts are not permitted on OKX.
Does OKX allow US customers?
No, OKX is not available for operation in the US due to stringent financial regulations and compliance requirements. The Securities and Exchange Commission enforces strict rules on financial institutions, including cryptocurrency exchanges, to protect investors, maintain fair, orderly, efficient markets, and facilitate capital formation. These regulations necessitate rigorous auditing and reporting, which some platforms like OKX may not be prepared to comply with. In addition, the complex regulatory landscape in the U.S., with different rules in each state, can also pose challenges for exchanges like OKX.
Where is OKX Located?
OKX was previously operating from Malta, a European country well-known for its favorable blockchain and cryptocurrency legislation. However, the exchange has recently relocated to Seychelles, and its parent company, OK Group, is headquartered in Beijing, China. OKX's strategic location and international operation facilitate its mission to provide a safe, reliable, and efficient cryptocurrency trading platform for its global user base.
The Bottom Line
To summarize, OKX is a globally accessible platform for cryptocurrency trading and investment, making it a go-to choice for crypto enthusiasts worldwide. OKX can currently be accessed from over 100 countries with some locations posing restrictions on derivatives trading.