Crypto firm, OKX to leave Nigeria

Cryptocurrency company, OKX, has said that it volition halt offering its services to Nigerian users from August 16, 2024.

OKX served a announcement of its program to discontinue its services successful Nigeria via an email to customers.

“Action required: Notice regarding your account. We are discontinuing OKX services successful Nigeria aft caller changes successful section laws and regulations,” the email read.

“This is based connected our ongoing appraisal of policies successful each of the markets that we serve.

“From August 16, 2024, our customers volition nary longer beryllium capable to unfastened immoderate caller positions oregon entree immoderate services connected the platform, with the objection of withdrawals and closing/redemption of unfastened positions.”

OKX requested its customers to delight reappraisal their accounts and implicit applicable steps by 12:00 americium (PST) connected August 16 done the pursuing steps:

Step 1: Close immoderate P2P, margin, perpetual, futures, options, positions, and orders.
Step 2: Close immoderate USDT, DAI, and EURT spot orders.
Step 3: Redeem each assets from Grow products, including Earn, Loan, and Jumpstart.
Step 4: Transfer your assets retired of your OKX relationship to a wallet of your choice.

As regards customers’ accounts aft August 16, OKX said they volition lone beryllium capable to retreat their assets but volition not beryllium capable to deposit oregon transact otherwise.

On however agelong it takes to retreat funds, the crypto steadfast said: “While your funds stay unafraid and accessible successful your account, we highly promote you to retreat them to your backstage wallet oregon your accounts connected different third-party platforms by 12:00 americium (PST) connected August 30, 2024.

“After August 30, 2024, you volition person to scope retired to our lawsuit work teams for immoderate account-related actions. We powerfully promote you to retreat oregon transportation funds anterior to this date, arsenic remaining balances whitethorn beryllium taxable to further restrictions successful accordance with our Terms of Service on with section laws.

“If you person immoderate questions oregon necessitate assistance, delight interaction our enactment squad astatine support@okx.com.”