We're happy to announce that we have successfully achieved System and Organization Controls (SOC) 1 Type 2 compliance, confirming that we meet the highest global standards for protecting institutional clients' data and assets.
The SOC 1 Type 2 examination was conducted following strict guidelines set by the American Institute of Certified Public Accountants (AICPA). Our successful completion of this examination assures institutional clients that our policies and processes to protect their data are effective and align with best practices.
Our key policies and processes for safeguarding clients' data and assets include:
Advanced encryption technologies and rigorous access control procedures
Monthly reporting of Proof of Reserves, confirming that customer funds are backed 1:1
A comprehensive incident response plan, enabling us to respond quickly and effectively to any potential security breaches
Regular employee training on security practices
Stringent backup and recovery processes that ensure data integrity in case of a system failure
An independent auditor conducted OKX's SOC 1 Type 2 examination for our Bahamas entity (OKX Bahamas FinTech Company Limited) for the period from January 1, 2024, to March 31, 2024.
We also announced on September 20, 2023 that we achieved SOC 2 Type 2 certification. This demonstrates our ongoing commitment to governing our services, managing sensitive data and protecting data privacy.
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Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
