OKX, one of the largest crypto exchanges by volume and a leading Web3 platform, today announced its registration as a digital asset business in the Bahamas under the newly adopted Digital Assets and Registered Exchange (DARE) Act.

The company has also formed a new subsidiary, OKX Bahamas, for which it has hired Bahamian native and blockchain industry luminary Dr. Appointed Jillian Bethel as CEO. With plans to serve as a regional hub, OKX Bahamas has opened a Nassau-based office and plans to fill 100 jobs locally.

OKX Bahamas will cater to the growing population of cryptocurrency investors and traders in Latin America and the Caribbean.

“OKX is excited about our expansion into the Bahamas under the innovative DARE Act. We are prioritizing growth in regulated markets because we want to enable responsible crypto activity globally. By working with pioneering authorities like the Bahamas Securities Commission, we are committed to creating a safe and sustainable environment for crypto to exist.” We can.”
– Tim Boone, Global Government Relations Officer, OKX

OKX has selected The Bahamas as a strategic growth location due to the effective regulatory framework created by the Securities Commission of The Bahamas. Already known as a prestigious international business and financial center, The Bahamas is emerging as a global leader in digital assets through its progressive laws and regulatory structures.

“The DARE Act has made The Bahamas a pioneer in digital asset adoption, and I am proud to lead the OKX Bahamas team in championing crypto. As a gateway to the Caribbean and the wider Americas, The Bahamas is opening new doors for local talent and global businesses to thrive here with pioneering policies.”
– Dr. Jillian Bethel, OKX Bahamas CEO

This registration in the Bahamas is followed by OKX obtaining a provisional Virtual Asset Regulatory Authority (VARA) license in Dubai, where it has also opened a regional hub to serve qualified investors in the UAE and surrounding countries.

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