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Exchange profiles

OKX

OKX is a global exchange whose operating company, Aux Cayes FinTech in the Seychelles, has run it since at least 2017. Australian customers moved to local companies in Sydney in March 2024. In February 2025 its operating company pleaded guilty in the US to running an unlicensed money transmitting business and agreed to pay more than US$504 million.

Checked 31 October 2026. Each fact links to its source. General information, not a recommendation.

At a glance

Founded
Run by Aux Cayes FinTech since at least 2017; Australian customers moved to OKX Australia on 20 March 2024, with an official launch on 14 May 2024 (US Department of Justice, Feb 2025 · OKX Australia launch release, May 2024)
Based in
Global operator in the Seychelles; Australian office in Sydney (US Department of Justice, Feb 2025 · The Block, May 2024)
Australian operator
OKX Australia Pty Ltd (ABN 22 636 269 040) for the exchange; OKX Australia Financial Pty Ltd (ABN 14 145 724 509) for derivatives (OKX Australia terms of service · OKX Australia launch release, May 2024)
Leadership
Shane Chandra, CEO of OKX Australia (Jul 2026) (IT Brief, Jul 2026)
AUSTRAC
Registered (OKX Australia Pty Ltd), by OKX's own statement (OKX Australia launch release, May 2024)
ASIC licence
AFSL 379035, held by OKX Australia Financial, for derivatives and margin products; OKX says it has applied to vary it (Oct 2026) (OKX Australia terms of service)
Trading fee, entry tier
Retail spot: 0.70% maker, 0.70% taker (from 25 November 2025); some pairs are zero-fee (OKX: Updates to the AU fee framework)
Instant buy
Express Buy/Sell and Convert are offered; the spread isn't published (OKX: What can I use in Australia?)
AUD deposits
AUD deposits and withdrawals for individual accounts; OKX charges no fiat deposit or withdrawal fee (OKX Australia terms of service)
Coins
More than 285 tokens and 511 trading pairs in Australia (OKX's own figure, Mar 2025) (OKX Australia release, Mar 2025)
Proof of reserves
Yes, monthly and self-published: a Merkle tree with zero-knowledge proofs; no independent auditor named (OKX: Proof of reserves)
24-hour trading volume
Not available right now

Security record

  1. · Customer data exposed

    Forged court documents used to obtain customer details

    OKX said someone used forged "judicial documents" to get personal information about a few users, whose accounts were then taken over and drained.

    Outcome: OKX said it compensated the affected users and tightened how it handles law-enforcement requests.

    Sources: The Block · Bitcoin.com News

  2. · Funds stolen

    About US$2.7 million drained through an old OKX DEX contract

    An attacker used a retired smart contract in OKX DEX, OKX's decentralised-exchange aggregator, to take tokens from users who had given that contract permission to spend them. A security firm suspected a leaked admin key.

    Outcome: OKX said users' losses would be borne in full; we found no report confirming the payments.

    Sources: The Block · Cointelegraph

  3. · Withdrawals paused or delayed

    Crypto withdrawals suspended for about six weeks (as OKEx)

    OKEx, as OKX was then called, suspended all crypto withdrawals because one of its private-key holders, its founder, was in Chinese police custody helping an investigation.

    Outcome: No loss of funds was reported; withdrawals resumed in late November 2020.

    Sources: The Block · Decrypt

Regulation and legal action

  1. US guilty plea: more than US$504 million (global operator)

    OKX's operating company pleaded guilty to running an unlicensed money transmitting business. Prosecutors said it served US customers despite a policy banning them, and let more than US$5 billion of suspicious transactions and criminal proceeds through.

    Outcome: More than US$504 million in forfeiture and fines, and an external compliance consultant until February 2027.

    Sources: US Department of Justice

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