OKX Expands Caribbean Presence with Bahamas Registration
OKX, the world's second-largest cryptocurrency exchange by trading volume, has achieved a significant regulatory milestone by registering as a Digital Asset Business under The Bahamas' Digital Assets and Registered Exchanges (DARE) Act. The company has simultaneously launched OKX Bahamas, a new regional subsidiary headquartered in Nassau, with plans to create 100 local jobs.
Strategic Growth in Regulated Markets
Key developments include:
- Appointment of Bahamian blockchain expert Dr. Jillian Bethel as CEO of OKX Bahamas
- Establishment of a physical office in Nassau serving as a Caribbean/Latin American hub
- Compliance with the progressive DARE Act framework established by the Securities Commission of The Bahamas
"This expansion aligns with our commitment to operate in well-regulated jurisdictions," stated Tim Byun, OKX's Global Government Relations Officer. "The Bahamas' forward-thinking digital asset policies create an ideal environment for responsible crypto innovation."
Why The Bahamas?
The Bahamas has emerged as a premier digital asset hub due to:
- Clear Regulatory Framework: The DARE Act provides comprehensive guidelines for crypto businesses
- Geographic Advantage: Strategic location bridging the Americas and Caribbean markets
- Financial Infrastructure: Established reputation as an international business center
- Talent Development: Commitment to nurturing local blockchain expertise
"Being Bahamian myself, I'm particularly excited to build bridges between global crypto innovation and Caribbean economic development," emphasized Dr. Bethel.
👉 Discover how OKX is expanding access to crypto markets worldwide
OKX's Global Regulatory Progress
This registration follows OKX's recent:
- Provisional VARA license in Dubai
- Regional hub establishment in UAE
- Ongoing licensing efforts across multiple jurisdictions
The exchange currently serves:
- 20M+ global users
- 180+ markets
- $84B+ average monthly spot trading volume (YTD)
Commitment to Responsible Crypto Adoption
Beyond regulatory compliance, OKX drives mainstream crypto acceptance through:
- Partnerships with Manchester City FC, McLaren Racing, and top athletes
- Educational initiatives like OKX Learn
- NFT/metaverse exploration via OKX Wallet
- High-profile collaborations including Tribeca Festival
FAQ: OKX Bahamas Expansion
Q: What services will OKX Bahamas offer?
A: The hub will provide crypto trading, wallet services, and blockchain solutions tailored for Caribbean/Latin American markets.
Q: How will local communities benefit?
A: Beyond 100 planned jobs, OKX will invest in local blockchain education and infrastructure development.
Q: What makes The Bahamas attractive for crypto businesses?
A: Its DARE Act combines robust consumer protection with innovation-friendly policies, plus geographic advantages.
Q: Is OKX available to U.S. customers?
A: OKX Bahamas primarily serves international markets outside the United States.
Q: How does this compare to FTX's Bahamas presence?
A: Unlike previous crypto ventures, OKX emphasizes regulatory compliance from inception with full DARE Act registration.
Q: What security measures are in place?
A: OKX employs institutional-grade security protocols and works closely with Bahamian regulators to safeguard user assets.
👉 Explore OKX's growing global footprint in digital assets
This expansion reinforces OKX's position as a leader in compliant, institutional-grade crypto services while creating new economic opportunities in The Bahamas and surrounding regions.