Photo: From left to right: Ianthe Tynes, OKX Bahamas CCO; Honorable Senator. Michael B. Halkitis, Minister of Economic Affairs and Head of Government Business in the Senate; Dr. Jillian Bethel, CEO of OKX Bahamas; Tim Byun, OKX Office of Global Government Relationsr
OKX Bahamas officially registered as a Bahamas Digital Asset Business under the country’s crypto-friendly DARE Act just opened an office in Nassau and will be led by successful Bahamian crypto entrepreneur Jillian Bethel.
The new Bahamian subsidiary that plans to employ 100 people registered for operations under the country’s Digital Assets and Registered Exchanges (DARE) Act, which opened the door for crypto businesses to operate in the Bahamas.
OKX joins Sam Bankman-Fried’s crypto exchange giant FTX, which moved its headquarters to the Bahamas in September 2021.
“The DARE Act has made The Bahamas a pioneer in the adoption of digital assets, and I am proud to lead the OKX Bahamas team in crypto protection,” CEO Bethel said in a statement. “As a gateway to the Caribbean and the wider Americas, the Bahamas is opening new doors for local talent and global businesses to thrive here with a forward-looking policy.”
OKX serves over 20 million global clients in 180 markets and averages over $84 billion in monthly spot trading volume year-over-year, according to the company statement.
