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 Exchanges (DARE) Act.
The company has also formed a new subsidiary, OKX Bahamas, for which it appointed Dr. Jillian Bethel, a Bahamian native and blockchain industry luminary, as CEO. With plans to serve as a regional hub, OKX Bahamas has opened a Nassau-based office and plans to fill 100 job openings locally.
OKX Bahamas will cater to Latin America and the Caribbean’s growing population of cryptocurrency investors and traders.
“OKX is thrilled 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 forward-looking authorities like the Securities Commission of The Bahamas, we can create safe and sustainable environments for crypto to exist.”
– Tim Byun, Global Government Relations Officer, OKX
OKX selected The Bahamas as a strategic growth location because of 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 legislation and regulatory structures.
“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. 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.”
– Dr. Jillian Bethel, OKX Bahamas CEO
This registration in The Bahamas comes on the heels of OKX receiving a provisional Virtual Assets Regulatory Authority (VARA) license in Dubai, where it has also opened a regional hub to serve qualified investors within the UAE and surrounding countries.