OKX, a leading global onchain technology company, has officially launched its licensed crypto exchange services in the UAE, becoming the first international platform to offer AED banking integration for both retail and institutional investors. The announcement was made at a gala event titled "A New Alternative for Dubai", held at the Museum of the Future, featuring industry leaders like OKX CEO Star Xu, Manchester City’s Pep Guardiola, and Polygon Co-founder Sandeep Nailwal.
Key Features for UAE Investors
- AED Banking Rails: Deposit/withdraw AED directly from UAE bank accounts.
- Extensive Asset Selection: Trade 280+ cryptocurrencies and 480+ trading pairs, including BTC/AED and ETH/AED.
- Derivatives Access: Qualified and institutional* investors can trade derivatives after meeting specific criteria.
- Onchain Products: Spot trading, convert tools, express buy/sell, and earning products available.
*_Qualified investors must demonstrate AED 500,000 liquidity; institutional clients need proof of USD20M+ balance sheet or USD40M annual turnover._
Event Highlights and Industry Impact
The gala event underscored Dubai’s role as a blockchain hub, aligning with the UAE’s 2033 vision. Rifad Mahasneh, OKX Middle East General Manager, emphasized the company’s local growth commitment:
"Tonight marks the beginning of our long-term journey in the UAE. We’re dedicated to product development tailored for this market."
OKX also announced Yuri Mushkin as Global Chief Risk Officer, leveraging his expertise from Goldman Sachs to enhance platform security.
Expansion and Compliance Milestones
- Global Footprint: Recent launches in Brazil, Türkiye, Australia, and the Netherlands.
- Regulatory Approvals: MPI license in Singapore and MiCA hub designation in Malta.
- Transparency: Monthly Proof of Reserves since 2022, ensuring full backing of customer funds.
How to Get Started
- Download the OKX app via App Store or Google Play.
- Complete identity verification.
- Deposit AED and start trading.
New users receive up to 100 AED as a welcome reward!
👉 Explore OKX’s crypto offerings
FAQ Section
Q: What cryptocurrencies can I trade on OKX in the UAE?
A: Over 280 assets, including BTC, ETH, and USDT paired with AED.
Q: How do I qualify for derivatives trading?
A: Submit proof of liquidity (AED 500,000) or institutional credentials (USD20M+ assets).
Q: Is OKX regulated in the UAE?
A: Yes, licensed by VARA for exchange, management, and lending services.
Q: Are there fees for AED deposits?
A: OKX offers fee-free AED deposits/withdrawals via UAE banks.
Commitment to Local Growth
OKX’s UAE launch follows its mission to bridge traditional finance with crypto, offering seamless banking integration and Arabic-language support. The platform continues to expand its token listings and security protocols to meet regional demand.
For inquiries, contact: [[email protected]](mailto:[email protected])
Disclaimer: Trading digital assets involves risk. OKX is not liable for investment losses. Products may not be available in all regions.
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