OKX, the world's second-largest cryptocurrency exchange by trading volume, has achieved a significant regulatory milestone with its registration under The Bahamas' Digital Assets and Registered Exchanges (DARE) Act. The company has established OKX Bahamas, a new subsidiary headquartered in Nassau, marking a strategic expansion into the Caribbean region.
Key Developments
- Regulatory Approval: Registered as a Digital Asset Business under the progressive DARE Act framework
- Local Leadership: Appointed Dr. Jillian Bethel (Bahamian blockchain expert) as CEO of OKX Bahamas
- Economic Impact: Plans to create 100 local jobs while serving as a regional hub for Latin America and Caribbean markets
- Trading Volume: Processes $84+ billion monthly spot trades for 20M+ users across 180 countries
Why The Bahamas?
The jurisdiction was selected for its:
- Innovative Regulatory Framework: Spearheaded by the Securities Commission of The Bahamas
- Strategic Location: Gateway to Caribbean and American markets
- Business-Friendly Environment: Established reputation as an international financial center
👉 Discover how OKX is shaping the future of digital assets
Leadership Perspectives
Tim Byun, OKX Global Government Relations Officer
"Working with forward-thinking regulators allows us to build sustainable ecosystems for responsible crypto adoption."
Dr. Jillian Bethel, OKX Bahamas CEO
"The DARE Act positions The Bahamas as a digital asset pioneer. We're excited to contribute to this transformation while creating opportunities for local talent."
Global Expansion Strategy
This follows OKX's recent provisional license from Dubai's Virtual Assets Regulatory Authority (VARA), where it established another regional hub. The exchange actively pursues licenses worldwide to promote secure, compliant crypto trading.
Industry Partnerships
OKX drives mainstream adoption through collaborations with:
- Manchester City FC (English Premier League)
- McLaren Formula 1 Team
- Professional athletes like Daniel Ricciardo and Ian Poulter
FAQ Section
Q: What services will OKX Bahamas offer?
A: The hub will provide digital asset trading and Web3 solutions tailored for Caribbean/Latin American markets.
Q: How does the DARE Act benefit crypto businesses?
A: It establishes clear regulatory guidelines, enhancing market stability while encouraging innovation.
Q: What security measures does OKX implement?
A: The exchange prioritizes asset protection through institutional-grade custody solutions and compliance protocols.
Q: When will the Nassau office begin operations?
A: The hub is now operational, with phased hiring planned through 2025.
👉 Explore OKX's regulatory-first approach to cryptocurrency
This expansion reinforces OKX's commitment to serving global markets through compliant infrastructure and localized expertise.