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OKX Receives UAE License, Launches Local Platform for Retail and Institutional Investors
Now, UAE residents who have completed the mandatory registration steps on the OKX website or app can access its services. In the case of derivatives, clients must pass a test and internal verification to qualify as a qualified investor, as well as prove that they have 500,000 dirhams ($136,000) in cash that will remain liquid for a certain period.
Institutions, in addition to the KYC (know your customer) check, must have a balance of at least $20 million, an annual net turnover of $40 million, and equity of at least $2 million. 2 replies
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