OKX Expands its Global Reach With a Turkish Office

OKX, one of the leading cryptocurrency exchanges, plans to open an office in Turkey in the following months.

The company has already interacted with the Turkish market, launching direct deposits and withdrawals in the country’s official currency – TRY. It also put its name among the many crypto platforms that sent aid packages to the nation when it was hit by a devastating earthquake in February.

Another expansion step

OKX Chairman – Hong Fang – He said The stock exchange chose Türkiye as its next destination because it considers it an “important market”:

“Opening an office in Turkey will be a critical step for OKX as we move from a system based on trust to one that is based on trust and enables users to take control of their financial future. Turkey is an important market for us, and we are excited to build strong relationships with our users and contribute to the development of its cryptocurrency ecosystem.” environmental.”

CIO Jason Lau highlighted the country as a “growing hub of innovation and blockchain expertise with a user base that has a strong appetite for cryptocurrency.”

Turkish people have already shown great interest in the world of digital assets lately. One possible cause could be the looming financial turmoil across the country and the depreciation of the official currency. The Turkish lira recently crossed a record low against the US dollar: an earlier event antiquities Growing interest in bitcoin and stablecoins.

OKX has already taken steps regarding the upcoming expansion, empowerment Deposits and withdrawals in Turkish lira (TRY) in March this year.

Our goal is to become the leading crypto platform in Türkiye. This starts with listening to the community about its needs and investing in the market. We want to give the Turkish community a platform to explore, experiment and dream of a future with us.

Maybe we will see the next big thing come out of Turkey with the support of us and other crypto companies,” said the exchange’s marketing manager – Haydar Rafik – at the time.

The company was also one of the many shareholders Assist Turkey is getting back on its feet after the catastrophic earthquake that struck the southern part of the country in February, killing more than 50,000 people.

It extends to other sites as well

Türkiye is not the only place where OKX has recently established a base. The company, which is headquartered in the Seychelles, said it will soon open an office in Australia. Famous F1 driver who serves as an OKX Ambassador – Daniel Ricciardo – said:

“I am very excited to see OKX plan to set up an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia.”

exchange as well an offer Its intention is to apply for a VASP license in Hong Kong, thus strengthening its presence there. China’s Special Administrative Region has emerged as a cryptocurrency hub recently after local authorities announced plans to implement a friendly regulatory framework on the industry.