Cryptocurrency exchange OKX exits Nigeria due to regulatory issues

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange OKX revealed in an email sent to Nigerian customers on July 17 that the company will exit Nigeria and cease providing services to all Nigerian customers.

OKX stated that the main reason for stopping services in the country is "recent changes in local laws and regulations," and set the deadline for users to access the platform's features as August 16, 2024. After the deadline, Nigerian users will only be able to access the platform to withdraw funds or close positions.