In response to new rules by the Financial Conduct Authority (FCA), OKX announced changes to its services for U.K. users, including offering 40 tokens.
Seychelles-based crypto exchange OKX has responded to strict new rules regulating the advertising of cryptocurrencies in the U.K. by significantly changing its services and offerings for customers in the country.
In an Oct. 8 update on its website, OKX stated that it had tailored a compliant user experience in line with the FCA’s new crypto promotion rules.
According to the exchange, one of the major changes it is making is reducing its token offering to slightly more than 40 cryptocurrencies.
It will also now implement striking risk warnings, cautioning potential customers about the possible pitfalls of investing in crypto.
Moreover, OKX will launch a dedicated X account, OKX_UK, specifically for its U.K. users, where it expects to share content consistent with the new regulations.
On Oct. 7, reports emerged that the FCA would roll out new rules demanding businesses offering crypto-related services to openly communicate any associated risks in their promotional materials.
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Author: Julius Mutunkei
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