OKX secures full UAE license, opens retail and institutional trading

The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.

Crypto exchange OKX launched its trading platform for retail and institutional investors in the United Arab Emirates after securing a full license.

In an announcement sent to Cointelegraph, the crypto exchange said UAE residents who completed the mandatory onboarding steps on the OKX website or application can access its services. This includes spot trading, express buy and sell, conversion and onchain earning products.  

In addition, the trading platform said that qualified traders and institutional investors who meet certain criteria will be given access to derivatives trading on the platform. 

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