OKCoin Expands Operations in Europe

Cryptocurrency trade OKCoin has introduced in Europe, opening up euro partners to investors for the first time.

Opening from Tuesday for non-U.S. customers, OKCoin’s new spot trading services duvet euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at release, with extra pairs designed. The company mentioned in its blog that until Sept. 4, euros might also be deposited and withdrawn charge-free.

At the same time, OKCoin has introduced the opening of a brand new workplace in Malta, that includes, it says, a “tailored set of buying and selling services and virtual property which can be docile with the Digital Financial Asset Act, regulated by way of the Malta Financial Products and Services Authority.”

Under the EU administration’s blockchain and crypto-asset framework, OKCoin will be capable of listing token projects and introduce a variety of payment choices “briefly and effectively” to the EU traders, in line with the blog post.

Jovan Gavrilovic, OKCoin’s European general supervisor, mentioned:

“Europe has a pivotal role in the evolution of the cryptocurrency markets. It’s home to many modern concepts for innovating and disrupting the established order of the global financial system even as keeping up a balanced regulatory method. We’re very pleased to bring virtual asset trading to the EU market in a protected and dependable approach, permitting customers to trade virtual assets for euro and effectively.”

As soon as one in every of China’s “Massive three” crypto exchanges, the company used to be pressured to shift in a foreign country following the country’s ban on fiat-to-crypto buying and selling within the autumn of 2017. It’s now established in San Francisco.

Again in January 2019, the company looked to be moving against a reverse IPO in Hong Kong, with the acquisition by founder Star Xu of an indexed company for $60 million.