OKX reduces range of available altcoins for UK users
OKX reduces range of available altcoins for UK users
Cryptocurrency exchange OKX has announced that it is reducing the range of cryptocurrencies available to UK users due to new rules approved by the UK's Financial Conduct Authority (FCA), which come into effect on October 8.
In response to the new requirements, OKX UK has reduced the number of tokens to over 40 assets and introduced clear and visible risk warnings.
"Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong," says one such warning.
OKX has also launched a dedicated X (Twitter) account for its UK clients, where users can keep track of new products and services that comply with UK regulations, as well as other important information.
The exchange has also developed a new user interface to meet the requirements of the Financial Promotion Regime.
Additionally, OKX confirmed that it remains committed to the UK cryptocurrency market and its UK clients and to the new rules introduced by the FCA as they provide clarity and promote responsible trading.
"OKX will continue to provide crypto services to UK clients. Although some exchanges have decided to no longer offer services in the UK as a result of these new regulations, we're as motivated as ever. We are committed to improving our products and services so that we can give you the best possible overall experience with OKX," the exchange said in a statement.
Read also: HTX returned 4,999 ETH stolen by a hacker.
