Key Changes Effective January 2024
The UK Financial Conduct Authority (FCA) has introduced new regulations impacting OKX retail users in the UK. Starting 8 January 2024, all customers—new and existing—must complete two mandatory assessments:
Client Categorization:
- Determines your investor profile.
- Confirms your understanding of crypto trading risks.
Appropriateness Assessment:
- Evaluates your knowledge of cryptoassets.
- Ensures awareness of volatility and market risks.
👉 Learn more about FCA compliance
Failure to complete these questionnaires will result in account ineligibility.
Commitment to Responsible Trading
The FCA’s rules emphasize transparency and risk disclosure, aligning with OKX’s mission to promote safe crypto trading practices. Our educational initiatives include:
- Research-first approaches (DYOR).
- Trading plan development.
- Counterparty risk mitigation.
- Best practices for risk management.
"Trade responsibly isn’t just a tagline—it’s our mission."
FAQs
Q: Can I opt out of the FCA questionnaires?
A: No. Compliance is mandatory for UK users.
Q: What happens if I fail the assessment?
A: Your OKX account will be restricted.
Q: Are these rules specific to OKX?
A: They apply to all FCA-regulated crypto services.
Additional Updates
ISO/IEC 27001 Certification
OKX now holds the global security standard for information management, reinforcing our commitment to customer data protection.
European Expansion
- Spain: Fully regulated exchange launched via MiCA passporting.
- Germany & Poland: Now live with localized services.
👉 Explore OKX’s global services
Disclaimer
Cryptocurrencies are high-risk assets and unregulated in the UK. No investor protections (e.g., Financial Ombudsman) apply. Always consult a financial advisor.
© 2025 OKX. All rights reserved.
### SEO Notes
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