Verified 12 September 2026

OVEX in Kenya

By James Mwangi · Crypto hub

OVEX is an African crypto over-the-counter (OTC) desk, more oriented to larger trades and institutional-style flow than retail apps. For most Kenyan retail users it is not the first stop, but for larger trades where P2P depth is a constraint, it is worth knowing.

What it does

OTC pricing for larger tickets, spot exchange, and stablecoin-focused flows across Africa.

Where it fits

Larger buys and sells where you want a locked price rather than P2P negotiation. Sign up and confirm current Kenyan flow support.

Trade-offs

Not a beginner app. Fees and spreads are quote-based.

Frequently asked

Is OVEX for me?

If your normal trade is under Ksh 100,000, probably not.

Does it work with M-PESA?

Confirm current KES rails with OVEX at signup.

Is it regulated?

It operates in several African markets. OVEX is not licensed in Kenya under the VASP Act as of 25 October 2026. Check the CMA and CBK registers.

Verified 12 September 2026. Independent guide, paybillke is not affiliated with any exchange. Kenya's VASP Act took effect on 4 November 2025. Under section 47, providers already operating have until 4 November 2026 to comply. As of 25 October 2026 we found no provider licensed under it on a CBK or CMA register. Re-check registration and tax terms each quarter.