OKX becomes the second Crypto Exchange to open in Crypto-friendly Bahamas

Photo:From left to right: Ianthe Tynes, OKX Bahamas CCO; Senator the Hon. Michael  B. Halkitis, Minister of Economic Affairs and Leader of Government Business in the Senate; Dr. Jillian Bethel, OKX Bahamas CEO; Tim Byun, OKX Global Government Relations Officer

OKX Bahamas officially registered as a Digital Asset Business in the Bahamas under the country’s crypto-friendly DARE Act just opened an office in Nassau and will be headed by successful Bahamian crypto entrepreneur Jillian Bethel.

The new Bahamian subsidiary that plans to hire 100 people, registered for operations under the country’s  Digital Assets and Registered Exchanges (DARE) Act, which opened the door for crypto businesses to operate in the Bahamas.

OKX joins FTX, Sam Bankman-Fried’s crypto exchange giant, which moved its headquarters to the Bahamas in September 2021.

“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.”

OKX serves over 20 million global customers in 180 markets and averages over $84 billion in monthly spot trading volume year-to-date, according to the company’s statement.