The world's leading cryptocurrency trading platform, OKX, has achieved another milestone in its global expansion strategy. On November 3, OKX announced its successful registration under the Bahamas' Digital Assets Registered Trading Platform Act (DARE Act), receiving approval from the Bahamas Securities Commission.
OKX Bahamas: A Strategic Move in Regulated Markets
Establishing OKX Bahamas represents the company's latest step toward operating in fully regulated markets worldwide. The new subsidiary has already:
- Opened its Nassau headquarters
- Appointed Dr. Jillian Bethel (renowned blockchain expert and Bahamian national) as CEO
- Committed to creating 100 local jobs
Why the Bahamas Matters for Digital Assets
The DARE Act positions the Bahamas as a pioneer in digital asset regulation with:
- Comprehensive frameworks for crypto businesses
- Progressive policies attracting global fintech firms
- Strong protections for investors and traders
Tim Byun, OKX's Head of Global Government Relations, emphasized: "Our expansion under the DARE Act demonstrates OKX's commitment to responsible cryptocurrency adoption through regulated market growth."
Serving Growing Market Demand
With over 20 million global users across 180 markets, OKX has recorded:
- $84+ billion average monthly spot trading volume (year-to-date)
- Increasing crypto adoption throughout Latin America/Caribbean regions
Dr. Bethel noted: "As the Americas' gateway, the Bahamas offers exceptional opportunities—we're proud to contribute to its digital economy while serving regional investors."
Global Licensing Strategy Continues
This development follows OKX's recent:
✔ Temporary license from Dubai's VARA
✔ Partnerships with Manchester City FC, McLaren F1
✔ Collaborations with elite athletes like Daniel Ricciardo
👉 Discover OKX's secure trading platform
Frequently Asked Questions
What is the DARE Act?
The Digital Assets Registered Trading Platform Act establishes the Bahamas' regulatory framework for crypto businesses, enforced by the Securities Commission.
Why did OKX choose Nassau?
Nassau offers:
- Strategic access to Caribbean/Latin American markets
- Established financial infrastructure
- Progressive digital asset policies
How will OKX Bahamas operate?
The subsidiary will:
- Provide localized crypto services
- Hire 100 Bahamian professionals
- Comply fully with DARE Act requirements
👉 Explore OKX's licensed global services
OKX continues advancing its mission of responsible crypto accessibility through regulated market expansion and high-trust partnerships worldwide.