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OKX Supported & Banned Countries
OKX is one of the world's leading cryptocurrency exchanges, serving more than 50 million users across over 160 countries. However, due to regulatory requirements, OKX restricts access to its platform in several regions. Understanding these limitations is essential to ensure compliance and avoid disruptions when trading cryptocurrencies.
OKX Restricted and Banned Countries
As of March 2025, OKX prohibits access from the following regions
OKX Restriction of Derivatives Products
While OKX provides a broad range of crypto services globally, it specifically restricts derivatives trading (futures and options) in certain jurisdictions. Currently, derivatives trading is not available in:
- Australia
- Brazil
- South Korea
- United Kingdom
These restrictions exist due to stringent local financial regulations designed to protect investors and maintain market integrity.
OKX Licenses & Regulation
OKX maintains strong compliance through licensing and registration with regulatory bodies in key financial jurisdictions:
- Seychelles: Licensed as a Virtual Asset Service Provider (VASP) by the Seychelles Financial Services Authority (FSA).
- United Arab Emirates (Dubai): Holds a Minimal Viable Product (MVP) Preparatory License from Dubai’s Virtual Assets Regulatory Authority (VARA).
- Australia: Registered entities with the Australian Securities and Investments Commission (ASIC).
- European Economic Area (EEA): Registered under Malta jurisdiction, regulated by the European Securities and Markets Authority (ESMA).
- United States: OKCoin USA Inc., registered with FinCEN, available selectively across specific states.
- Singapore: Received In-Principle Approval from the Monetary Authority of Singapore (MAS).
- Netherlands: Registered with De Nederlandsche Bank (DNB).
- Bahamas: Licensed by The Securities Commission of The Bahamas (SCB), supports users from Mexico.
Notably, OKX is among the first global crypto exchanges to secure a Markets in Crypto-Assets (MiCA) license, allowing it to passport services across Europe.
Can You Use OKX With a VPN?
Using a VPN to access OKX is possible for existing users traveling abroad temporarily. However, creating new OKX accounts using VPNs to bypass geographical restrictions is ineffective due to mandatory KYC (Know Your Customer) procedures.
Attempting to bypass these restrictions can result in account suspension or legal repercussions, especially in highly regulated countries.
Where is OKX Based?
OKX was founded by Star Xu in 2017 and operates globally from its headquarters in Seychelles. With a customer base spanning over 160 countries, OKX remains a major international exchange with a robust compliance framework.
Best Alternatives to OKX
For those unable to access OKX or looking for alternative cryptocurrency exchanges, consider the following highly regarded platforms:
- Kraken Pro: Regulated exchange with efficient fiat-to-crypto services and competitive trading fees.
- Binance: World's largest crypto exchange, offering extensive crypto pairs and liquidity.
- Bybit: Popular for advanced traders, featuring robust derivatives and spot trading.
- Gate.io: Ideal for diverse altcoin options and extensive cryptocurrency listings.
- MEXC Global: Known for competitive fees and a broad selection of altcoins.
- BloFin & Hyperliquid: Recommended for decentralized perpetual trading without mandatory KYC.
These alternatives ensure continued access to cryptocurrency markets, aligning with local regulations and individual preferences.
Closing Thoughts
OKX remains a top-tier exchange, but its availability depends on local regulations. Traders in restricted regions should verify compliance before attempting to access the platform, as VPNs won’t bypass KYC checks.
If OKX isn’t an option, regulated alternatives like Kraken Pro and Binance or decentralized platforms like Hyperliquid provide viable solutions for seamless crypto trading.
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