OKX, one of the world's leading cryptocurrency exchanges, announced that it has stopped its services in Nigeria.
Accordingly, OKX announced that it is leaving Nigeria, citing local laws during the recent crackdown on digital asset services in the country.
In an email sent to customers on July 17, OKX notified its users that services in Nigeria were discontinued due to local policies.
According to the announcement, starting from August 16, OKX customers will not be able to open new trading positions or access services in the country. However, users will be able to withdraw and close open positions.
“Following recent changes to local laws and regulations, we are discontinuing OKX services in Nigeria.
This is based on our ongoing evaluation of the policies in each.
As of August 16, 2024, our customers will not be able to open new positions or access any services on the platform, except for withdrawals and closing/retrieving of open positions.
We ask that you please review your account and complete the appropriate steps.
August 16, 2024 12:00 (PST):
Step 1: Close all P2P, margin, perpetual, futures, options positions and orders.
Step 2: Close all USDT, DAI and EURT spot orders.”