We're proud to introduce our inaugural 'Responsibility Report', a comprehensive document that establishes new benchmarks for operational transparency and user protection in the Australian cryptocurrency sector. This landmark publication details our platform's multifaceted approach to safeguarding customer assets while operating within Australia's regulatory framework.
Four Pillars of Crypto Responsibility
1. Proof of Reserves (PoR): Redefining Transparency
Our revolutionary Merkle tree proof system enables real-time verification of 1:1 asset backing, allowing users to independently audit reserves. This cryptographic accountability mechanism ensures full custody of customer assets at all times.
👉 Discover how our Proof of Reserves system works
2. Regulatory Compliance: Operating Within the Framework
- AUSTRAC-registered for spot trading operations
- Holds an Australia Financial Services (AFS) license (ASIC-issued) for derivatives trading*
- Implements rigorous KYC protocols and transaction monitoring systems
3. Security Architecture: Multi-Layer Protection
Our platform employs:
- Military-grade encryption protocols
- Advanced fraud detection algorithms
- Continuous security audits and penetration testing
- Real-time activity monitoring systems
4. Local Presence: Australian Expertise
Our dedicated Australia-based team includes:
- Compliance specialists
- Technical support personnel
- Market operations experts
Market Impact and Growth Trajectory
Since its May 2024 launch, OKX Australia has:
- Quadrupled monthly trading volumes since July 2024
- Offered 511 trading pairs across 285 tokens
- Introduced popular SOL/AUD and XRP/AUD pairs
- Launched innovative features like Recurring Buy
The report's timing aligns with Sydney Policy Week 2025, underscoring our commitment to industry dialogue during this pivotal regulatory period.
Leadership Announcement
Kate Cooper recently assumed the role of Australia CEO, bringing:
- 20+ years financial services experience
- Former leadership roles at Zodia Custody, NAB, and Westpac
- Membership in the Digital Economy Council of Australia
👉 Learn more about OKX Australia's leadership
Frequently Asked Questions
Q: How often are Proof of Reserves verified?
A: Our Merkle tree system provides continuous, real-time verification of asset backing.
Q: Who can access derivatives trading?
A: Currently available to verified wholesale clients* meeting ASIC requirements.
Q: What makes OKX Australia different from other exchanges?
A: Our combination of local regulatory compliance, advanced security measures, and transparency tools sets us apart.
Q: Where can I download the full Responsibility Report?
A: The complete document is available on our official website.
*Derivatives services are provided to wholesale clients as defined under Australian law, following suitability assessments where applicable.
Disclaimer
Cryptocurrency trading involves substantial risk. This content is for informational purposes only and doesn't constitute financial advice. Users should conduct their own research and consult professionals before making investment decisions. OKX Australia operates under AUSTRAC registration (spot trading) and ASIC AFSL 379035 (derivatives).