OKX has made history by becoming the first global cryptocurrency exchange to receive a full operational license in the United Arab Emirates (UAE). This landmark achievement allows OKX to serve both retail and institutional clients in the UAE with AED-denominated banking services and a comprehensive suite of crypto trading products.
Key Features for UAE Users
- Derivatives Trading: Qualified users and institutions can now access derivative products
- AED Integration: Residents can deposit/withdraw AED directly from UAE bank accounts
- Extensive Asset Selection: Trade 280+ cryptocurrencies across 480+ trading pairs including BTC/AED, ETH/AED, and USDT/AED
- Localized Experience: Arabic language support available across platforms
Launch Event Highlights
The announcement was made at OKX's "Dubai's New Choice" event held at the Museum of the Future, featuring notable speakers:
👉 OKX Founder & CEO Star Xu
👉 Manchester City FC Manager Pep Guardiola
👉 Skybridge Capital's Anthony Scaramucci
👉 Polygon Co-founder Sandeep Nailwal
👉 Stacks Co-founder Muneeb Ali
Regulatory Milestones
OKX continues to expand its global regulatory footprint:
- Singapore MPI license (September 2024)
- Malta MiCA hub designation (July 2024)
- 23 consecutive months of published reserve proofs
User Benefits
New UAE users can claim up to 100 AED in welcome bonuses. The platform offers:
- Spot trading
- Exchange services
- Quick buy/sell options
- On-chain yield products
Qualification Requirements
Retail Clients must:
- Pass knowledge tests
- Complete suitability assessments
- Demonstrate 500,000 AED in liquid assets
Institutional Clients require:
- $20M+ total assets
- $40M+ annual turnover
- $2M+ in capital
Expanding Global Footprint
This UAE launch follows successful market entries in:
- Brazil (2023)
- Turkey (2024)
- Australia (2024)
- Netherlands (2024)
FAQ Section
Q: How can UAE residents start trading on OKX?
A: Download the OKX app from App Store/Google Play or visit the website, complete verification, and connect your UAE bank account.
Q: What makes OKX's UAE license significant?
A: It's the first full operational license granted to any global crypto exchange in the UAE, allowing direct AED integration.
Q: What security measures does OKX have?
A: OKX employs monthly reserve proofs, strict KYC procedures, and recently appointed Yuri Mushkin as Global Chief Risk Officer.
Q: Will OKX add more tokens for UAE users?
A: Yes, the platform plans to regularly expand its token offerings—check the website for updates.
👉 Explore OKX's UAE platform today
About OKX
OKX is a technology company building the future of blockchain accessibility. Our products include:
- OKX Exchange
- Web3 Wallet
- Blockchain Explorer
- Institutional Services
About VARA
The Virtual Assets Regulatory Authority oversees Dubai's crypto ecosystem (excluding DIFC), working to establish international standards for investor protection and industry governance.
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