OKX Limits Services for Russian Citizens

Due to the requirements of Russian regulators, OKX cryptocurrency exchange amended on June 19 the service for Russian citizens by restricting their access to a number of products, including Earn product offers with an annual return of more than 99%, Shark Fin and Double Investment structured products.

Subscriptions to these offers will automatically terminate on the redemption date, although early repayment is possible if the product provides for such.

All other products and services remain available as usual.

Not long before making these changes, OKX withdrew 5.5M OKB worth ~$258M from circulation via the twentieth procedure for token redemption and burning, based on a 90-day average price.