OKX, the world’s second-largest crypto-only exchange by trading volume, has followed rival FTX and obtained a digital asset license in The Bahamas, where it plans to hire up to 100 people over the next 12 months. The Seychelles-based exchange operator will use the newly licensed entity to onboard customers — starting with clients from Mexico.
The Caribbean nation has made a bid to become a regional center for digital asset firms. In 2020, it introduced the Digital Assets and Registered Exchanges Bill, which established a licensing system for crypto-related firms. That gave exchanges and other crypto service providers the chance to gain an accreditation that sets certain minimum standards and can be used in sales pitches to clients. Countries across the globe are deliberating on how flexible their crypto regulations should be https://www.theblock.co/post/182096/okx-bahamas-license