What’s Changing?
If you’re an Australian resident, your OKX services are currently provided by Aux Cayes FinTech Co. Ltd. (registered in Seychelles). To comply with local regulations and support AUD transactions, your account will transition to locally registered entities:
- Digital Asset Exchange (including fiat services): Now operated by OKX Australia Pty Ltd.
- Derivatives & Margin Products: Managed by OKX Australia Financial Pty Ltd, provided you pass a suitability assessment and qualify as a “Wholesale Client” under the Corporations Act 2001.
- Other Services: Remain under relevant OKX entities (see Terms of Service for details).
- Restrictions: Certain features (e.g., derivatives/margin trading) will no longer be accessible via Aux Cayes.
👉 Discover how to upgrade your OKX Australia account
Action Required for Australian Users
Starting March 20, 2024, you must:
– Complete identity verification.
– Accept updated Terms of Service.
– Close open positions.
– Discontinue unsupported features.
Accessing Derivatives & Margin Trading
To trade derivatives or use margin products:
1. Finish identity verification.
2. Switch your account to the Australian entity.
3. Pass a Wholesale Client suitability assessment under the Corporations Act 2001.
Consequences of Non-Compliance
Accounts that fail to register will enter restricted mode, allowing only asset withdrawals—no trading permitted.
Available Products for OKX Australia Clients
| Feature Category | Functionality | Standard Users | Verified Wholesale Clients |
|---|---|---|---|
| Buy/Trade Assets | Quick Trade | ✔️ | ✔️ |
| Third-Party Payments | ✔️ | ✔️ | |
| AUD Deposits/Withdrawals | ✔️ (Personal accounts only) | ✔️ (Personal accounts only) | |
| Flash Swap | ✔️ | ✔️ | |
| Spot Trading | ✔️ | ✔️ | |
| Derivatives/Margin | Perpetual Contracts | ✘ | ✔️ (20x leverage) |
| Futures Contracts | ✘ | ✔️ (20x leverage) | |
| Spot Margin | ✘ | ✔️ (10x leverage) | |
| Options | ✘ | ✔️ | |
| Other | API Access | ✔️ | ✔️ |
👉 Compare OKX Australia account tiers
Supported Tokens for Australian Clients
Note: Token availability may change. Not all tokens are eligible for derivatives trading.
| AAVE | ADA | APT | ARB | BTC | ETH |
|---|---|---|---|---|---|
| SOL | XRP | DOGE | DOT | MATIC | USDT |
| Full list includes 60+ tokens such as SHIB, UNI, and AVAX. |
Handling Unsupported Tokens/Products
Before switching to OKX Australia:
– Close all open positions.
– Cancel pending orders.
– Disable trading bots.
– Withdraw from unsupported tokens (these become withdrawal-only post-transition).
Warning: Unsupported tokens cannot be sold after March 20, 2024—only withdrawn (fees may apply).
FAQs
1. How do I verify as a Wholesale Client?
Complete the suitability assessment proving high net worth or professional investment experience.
2. Can businesses use AUD deposits?
Currently for personal accounts only; business support coming soon.
3. Will my existing API keys work?
Yes, but reconfirm permissions post-transition.
4. What happens to my open futures trades?
Close them before March 20 to avoid forced liquidation.
5. Are fees changing under the new entities?
No immediate fee changes announced.