The global cryptocurrency landscape continues to evolve rapidly, with regulatory clarity and strategic expansion becoming key drivers of sustainable growth. In a significant development, OKX, the world’s second-largest crypto exchange by trading volume, has officially secured registration as a Digital Asset Business in The Bahamas under the country’s pioneering Digital Assets and Registered Exchanges (DARE) Act. This milestone marks a major step forward in OKX’s mission to expand its presence in regulated markets while supporting the responsible adoption of digital assets across Latin America, the Caribbean, and beyond.
With this new authorization, OKX has launched OKX Bahamas, a locally incorporated subsidiary headquartered in Nassau. The company has appointed Dr. Jillian Bethel, a Bahamian national and respected figure in the blockchain industry, as Chief Executive Officer. As part of its regional strategy, OKX Bahamas will serve as a hub for customer support, business development, and regulatory engagement—creating 100 new local jobs and reinforcing The Bahamas’ position as a forward-thinking financial and digital asset center.
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A Strategic Move in a Progressive Regulatory Environment
The Bahamas has emerged as a leader in digital asset regulation thanks to its proactive approach and the implementation of the DARE Act, which provides a comprehensive legal framework for digital asset businesses. By registering under this regime, OKX demonstrates its commitment to compliance, security, and long-term sustainability in one of the Caribbean’s most influential financial jurisdictions.
This strategic decision aligns with OKX’s global licensing strategy, which prioritizes collaboration with regulators to foster safe and transparent crypto ecosystems. The company is already operational in multiple regulated markets, including its recent acquisition of a provisional license from Dubai’s Virtual Assets Regulatory Authority (VARA)—further solidifying its presence in key international hubs.
“OKX is thrilled about our expansion into The Bahamas under the innovative DARE Act,” said Tim Byun, Global Government Relations Officer at OKX. “We are prioritizing growth in regulated markets because we want to enable responsible crypto activity globally. By working with forward-looking authorities like the Securities Commission of The Bahamas, we can create safe and sustainable environments for crypto to exist.”
Empowering Regional Growth Through Local Leadership
The appointment of Dr. Jillian Bethel as CEO of OKX Bahamas underscores the company’s dedication to local empowerment and regional expertise. As a native Bahamian with deep roots in technology policy and blockchain innovation, Dr. Bethel brings a unique perspective that bridges global standards with Caribbean economic development goals.
“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,” said Dr. Bethel. “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 Bahamas will focus on serving the growing base of crypto users across Latin America and the Caribbean—regions where digital assets are increasingly used for remittances, financial inclusion, and investment. With rising smartphone penetration and internet access, these markets represent fertile ground for web3 innovation, especially when supported by trusted platforms operating under clear regulatory oversight.
Expanding Access with Education and User Protection
Beyond infrastructure and compliance, OKX emphasizes education and user empowerment as core components of its mission. The platform offers OKX Learn, a free educational resource that helps users understand blockchain technology, trading strategies, DeFi protocols, and NFT ecosystems. This initiative supports financial literacy and enables users to make informed decisions in an often-complex digital asset environment.
Security remains paramount. OKX employs advanced custody solutions, multi-layered authentication systems, and rigorous auditing practices to protect customer assets. These measures reflect the company’s broader commitment to building trust in decentralized finance while adhering to international compliance standards such as AML (Anti-Money Laundering) and KYC (Know Your Customer).
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Driving Web3 Adoption Through Global Partnerships
OKX’s influence extends beyond trading. As a top-tier partner of elite sports organizations and cultural events, the company is helping bring web3 into mainstream consciousness. Notable collaborations include:
- Manchester City FC – English Premier League champions
- McLaren Formula 1 Team
- Olympic snowboarder Scotty James
- Professional golfer Ian Poulter
- F1 driver Daniel Ricciardo
- Tribeca Festival – as a presenting partner promoting creator access to web3
These partnerships go beyond branding—they create real engagement opportunities through NFT drops, fan tokens, exclusive experiences, and interactive content that introduce millions to decentralized technologies in meaningful ways.
Additionally, OKX continues to innovate with products like the OKX Wallet, a non-custodial solution that allows users to explore NFTs, participate in GameFi projects, interact with DeFi protocols, and manage multiple blockchains—all from a single interface.
Frequently Asked Questions (FAQ)
Q: What does OKX’s registration in The Bahamas mean for users?
A: It means OKX now operates under the jurisdiction of the Securities Commission of The Bahamas under the DARE Act, ensuring compliance with local regulations and offering greater transparency and protection for users in the region.
Q: Is OKX available to users in Latin America and the Caribbean?
A: Yes. The Nassau hub is specifically designed to support customers across Latin America and the Caribbean, improving access to reliable trading tools, customer service, and educational resources.
Q: How is OKX contributing to job creation in The Bahamas?
A: OKX Bahamas plans to fill 100 local positions in areas such as technology, compliance, customer support, and business development—supporting economic growth and skills development.
Q: Does OKX offer educational content for beginners?
A: Absolutely. Through OKX Learn, users can access free, easy-to-understand guides on cryptocurrency basics, trading strategies, wallet security, and more.
Q: Is my crypto safe on OKX?
A: OKX implements industry-leading security protocols including cold storage for 95%+ of assets, multi-signature wallets, regular audits, and strict internal controls to safeguard user funds.
Q: Can I use OKX without prior crypto experience?
A: Yes. OKX offers intuitive tools for beginners alongside advanced features for professionals—including demo trading accounts and step-by-step onboarding processes.
Building the Future of Finance—Responsibly
OKX’s entry into The Bahamas represents more than just corporate expansion—it reflects a broader shift toward regulated, responsible innovation in the digital asset space. With over 20 million users across 180 markets and monthly spot trading volumes exceeding $84 billion year-to-date, OKX continues to set benchmarks for performance, reliability, and user-centric design.
As web3 matures, platforms like OKX play a crucial role in bridging traditional finance with decentralized technologies—ensuring accessibility, security, and compliance go hand-in-hand.
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Whether you're an experienced trader or new to digital assets, OKX provides the tools, resources, and regulatory assurance needed to navigate the future of finance with confidence.