Crypto exchange OKX has officially launched its trading platform for retail and institutional investors in the UAE, Cointelegraph has reported.
Following the acquisition of a full license, OKX has announced that UAE residents who have completed the necessary onboarding procedures on its website or app can now access a range of services, including spot trading, express buying and selling, conversion and onchain earnings products.
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In addition, qualified traders and institutional investors who meet certain criteria will have the opportunity to engage in derivatives trading on the platform.
In order to trade derivatives, clients must pass a knowledge test and suitability assessment, as well as provide documentation that they hold at least 500,000 dirhams (approximately $136,000) in liquid cash for a reasonable period of time.