Cryptocurrency exchange OKX announced plans to open an office in Turkey in the coming months as it believes in the country’s potential for Web3 and blockchain innovation.
“Opening an office in Turkey will be an important step for OKX as we move from a trust-based system to one that does not require trust and allows users to control their financial future.
Turkey is an important market for us, and we are excited to build strong relationships with our users and contribute to its crypto ecosystem,” said OKX President Hong Fang.
In March, the cryptocurrency exchange announced its intention to open an office in Australia, as it considers this country a key market for the development of the trading platform.
In addition, OKX is in the process of obtaining a Virtual Asset Service Provider (VASP) license in Hong Kong;
Last June, the exchange received temporary registration from the Dubai Virtual Asset Regulatory Authority (VARA).
OKX recently said it would stop serving Canadian traders to avoid problems with local regulators.