- This applies to Earn, Shark Fin and Dual Investment products.
- From June 19, these solutions are not available to users from the Russian Federation
- All open positions on them will be automatically liquidated upon expiration
“We stand for continuous improvement of our offers, we try to promptly respond to the demands of the market and supervisory authorities. In this regard, we are forced to make certain changes to Earn products “- says on the company’s website.
This also applies to Shark Fin and Dual Investment financial solutions. Open positions for these products will be automatically closed at expiration.
Also, a trader can independently liquidate them, if such is provided for by the conditions. The change takes effect from the moment of publication (June 19).
Note that the change in the internal policy of the exchange caused a fierce reaction in the OKX ru-group in Telegram. But this did not affect the decision of the platform in any way.
Recall that shortly after the start of the war in Ukraine, the EU introduced tough crypto-sanctions against the Russian Federation. They were later supported by the United States, Singapore and several other jurisdictions.
Most of the large CEXs have suspended services to Russian users or significantly reduced the list of services available to them. Among them is, for example, Binance, which, however, was suspected of the opposite.
As for OKX, the exchange continues to expand in Asia. The company opened a representative office in Hong Kong.