OKX is one of the most popular digital currency trading platforms around the globe. announced OKX Bahamas will be the regional hub for serving customers in the Bahamas and other parts of Latin America.
The trading platform claimed it established the office in The Bahamas following its registration in The Bahamas as a Digital Asset Business under the Digital Assets and Registered Exchanges Act. The company stated that it is now relying on the Securities Commission of the Bahamas’ progressive regulatory push to increase its influence in the nation.
OKX has also announced Dr. Jillian Bethel as its CEO. She is a veteran in the blockchain industry. Jillian is more than a specialist in the area. He also understands the regulations in the Bahamas, and is best placed to pilot the trading platform’s affairs.
“The DARE Act has made the Bahamas a pioneer in digital asset adoption, and I’m proud to lead the OKX Bahamas team in championing crypto,” CEO Bethel said in a statement. “As a gateway to the Caribbean and the broader Americas, the Bahamas is opening new doors for local talent and global businesses to thrive here with forward-looking policy.”
The Bahamas’ attractiveness has pushed big platforms in the ecosystem including FTX Derivatives Exchange to move its headquarters down there last year after Hong Kong took a hardcore stance into the industry.
Huobi Global’s newly acquired exchange is also considering moving its base from Seychelles, to the Caribbean Islands. The Bahamas are among the top destinations, according to Blockchain.News.
OKX has grown its global presence over the years. In addition to the Bahamas licensing, the exchange also received approval to operate in Dubai.