How to apply for Dubai OKX OTC merchants

To qualify as an OTC merchant with OKX Dubai, entities and individuals must fulfill strict eligibility requirements, including possessing a valid business license or personal identification along with a minimum monthly trading volume of $500,000.

Oct 23, 2024 at 05:53 am

How to Apply for Dubai OKX OTC Merchants

OKX is a leading cryptocurrency exchange that offers OTC (over-the-counter) trading services for large-volume traders. If you are a business or individual who wishes to become an OTC merchant with OKX Dubai, follow these steps:

1. Eligibility Requirements:

• Have a valid business license or personal identification.
• Proof of address.
• Minimum monthly trading volume of $500,000.
• Excellent reputation and financial stability.

2. Apply Online:

• Visit the OKX website and navigate to the "OTC Merchant" section.
• Click "Apply Now" and complete the online application form.
• Submit the required documentation as mentioned in the requirements.

3. Background Verification:

• OKX will conduct a thorough background verification on your business or personal details.
• This may include reviewing financial statements, verifying references, and conducting due diligence on your operations.

4. Contract Agreement:

• If your application is approved, you will be provided with an OTC merchant agreement to review and sign.
• The agreement will outline the terms and conditions of your OTC merchant status.

5. Funding and Verification:

• Fund your OTC trading account with the required minimum trading volume.
• Verify your identity and residence to comply with anti-money laundering regulations.

6. Training and Certification:

• OKX will provide training and certification to ensure you are well-versed in the platform and trading procedures.

7. Activate Your Account:

• Once you have completed the training and certification, your OTC merchant account will be activated.

Benefits of Becoming an OKX OTC Merchant:

• Access to exclusive OTC trading platform and liquidity.
• Competitive rates and tight spreads.
• Dedicated account manager for support.
• Customizable trading limits and settlement options.

By following these steps, you can apply to become an approved OTC merchant with OKX Dubai and enjoy the benefits of accessing the global OTC cryptocurrency market.