OKCoin Launches Crypto Trading Services In The EU

OKCoin Launches Crypto Trading Services In The EU

Crypto exchange OKCoin has announced the launch of Crypto trading services in the European Union countries.

European Customers To Be Offered A Range Of Payment Options

From the launch of the Crypto trading services, the exchange is also making available euro trading pairs. The launch of the trading services in the EU will be available from Tuesday with the trading offering covering BTC (Bitcoin), BCH (Bitcoin cash), and ETH (ether) euro trading pairs, more trading pairs are to be offered at a later date. According to the firm’s blog post, up to the 4th of September, deposits and withdrawals in euros will be free.

OKCoin has also announced that it is establishing a new office in Malta. To this end, the firm says that the new office will be providing customized trading services as well as digital assets which adhere to the MFSA’s (Malta Financial Services Authority) Virtual Financial Asset Act.

Going by the blog post, the new office is a part of chiliZ Blockchain Campus, a hub and accelerator comprised of some of Asia and Europe’s largest shareholders in the industry. The firm will be able to offer European customers a wide range of payment options, and also list token projects, in a quick and secure manner. The firm has arrived at this conclusion going by the EU’s framework on Blockchain and Crypto assets.

OKCoin Exchange Offering Safe And Easy Euro Trading Options

The firm’s general manager in the EU Jovan Gavrilovic has stated that the region is crucial to the Crypto market’s evolution. Gavrilovic hailed the region as being the home of many progressive ideas in the innovation and disruption of the traditional global financial system. He stated that the EU has been able to achieve this while retaining a regulatory position which is balanced adding that the firm is indeed pleased to be expanding its digital assets trading to the EU market. According to him the safe and secure offering will make it possible for users within the EU to easily and safely trade in euro.

Euro crypto trade

At one time OKCoin was among the three largest Crypto exchanges in China before the nation banned the trade in Cryptocurrency. After the ban, which took effect in 2017, the Crypto exchange moved its operations out of China and currently has its headquarters in San Francisco.

Since then the firm has been seen to be making significant moves. In the beginning of the year the exchange’s founder Mingxing Xu acquired shares of a Hong Kong based, public listed company for $60 million. This acquisition made Xu the single largest shareholder in the company.

OKCoin Major Moves

Within the same month, The Korea Times reported that the firm was looking to get into South Korea through a partnership with NHN Entertainment. NHN is a PC and mobile games developer, publisher and distributor. Although at the time of the reports the move had not been finalized, it was reported that NHN was interested in the partnership as well as an equity investment.

June 6, 2019

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Samantha Mitchell

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