OKX Shut Down Services in Nigeria: Get Your Money Out Now!

by | Aug 1, 2024 | News | 0 comments

OKX is discontinuing its services in Nigeria after the recent changes in local laws and regulations.

This is based on an ongoing assessment of policies in the market they serve.

From August 16, 2024, its customers will no longer be able to open any new positions or access any services on the platform.

They can only withdraw and close/redeem open positions.


What You Should Do

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

Be sure to take these actions before 12 a.m. (PST) on August 16, 2024.


Frequently Asked Questions (FAQs)

What happens to my account after August 16, 2024?

You will only be able to withdraw your assets; you will not be able to deposit or transact otherwise.

How long do I have to withdraw my funds?

While your funds remain secure and accessible in your account, we highly encourage you to withdraw them to your private wallet or your accounts on other third-party platforms by 12:00 am (PST) on August 30, 2024.

What happens after August 30, 2024?

After August 30, 2024, you must contact the Customer Support teams for any account-related actions.
However, you are advised to withdraw or transfer funds before this date.
There is a possibility that the remaining balances may be subject to further restrictions in accordance with our Terms of Service and local laws.

If you have any questions or require assistance, contact the Support Team at support@okx.com.

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