- The OKX exchange has announced that it will cease operations in India.
- The company has asked users to withdraw funds from the platform by April 30, 2024.
Cryptocurrency exchange OKX announced the termination of operations in India. This is reported by Cointelegraph with reference to an email received by local users of the platform.
The statement said that “in accordance with local law” until April 30, 2024, users must “close all margin positions, as well as positions on open-ended contracts, futures, and options.”
In addition, customers were urged to stop using Earn, Loan, Jumpstart products and withdraw funds from the platform.
The team noted, after April 30, accounts will be restricted, but the withdrawal feature will be available. The post also says that the assets will remain safe and will be available on the account until users withdraw them.
Recall, earlier this year, the media reported that the Play Store team blocked access to applications and sites of cryptocurrency exchanges Binance and OKX in India.
