Global Crypto Exchange OKX Expands into the Netherlands Offering Local Trading and Web3 Wallet
Summary:
Established global crypto exchange, OKX, has made an official debut in the Netherlands, offering a local trading platform and a Web3 wallet. Collaborating with Dutch payment system iDeal, the exchange permits seamless euro deposits and withdrawals. OKX also introduced spot crypto trading, staking, and other services. In celebration of the launch, a new user bonus of up to 50 euros is being offered for those signing up by July 3.
OKX, a leading international cryptocurrency exchange, has announced its formal entry into the Dutch market by launching a localized trading platform and Web3 wallet. The official introduction of its centralized crypto exchange (CEX) along with OKX Wallet to the Netherlands took place on June 3rd. Through the CEX, Dutch users can trade across a wide range of around 150 digital currencies, which also includes a minimum of 60 currency pairs linked to the euro.
In order to facilitate smooth and hassle-free euro deposits and withdrawals, OKX has collaborated with iDeal, a Dutch payment system. The integration provides Dutch users the luxury of depositing euros into their accounts with no extra charges. Besides, OKX users can also utilize the Single Euro Payments Area, a European payment system, for making deposits and withdrawals.
Along with the OKX CEX, citizens of the Netherlands can avail services such as spot cryptocurrency trading, staking among others. The OKX wallet is another feature that lets users maintain complete control over their digital currencies.
Erald Ghoos, OKX Europe's general manager, expressed his enthusiasm regarding the launch of the centralized exchange and OKX Wallet in the Netherlands and considered this to be a significant landmark in their long-standing dedication towards the country.
This launch comes after the rebranding of the exchange from Okcoin Europe to its current name OKX in April this year. Okcoin Europe had begun operations in the Netherlands in 2021 as a registered crypto service provider with the De Nederlandsche Bank, the country's central bank. OKX also holds a virtual financial asset service provider license in Malta.
To mark the grand launch, OKX has introduced a special signing up offer of 50 euros (around $54 USD), for all new users registering before July 3.
In the meantime, OKX has recently pulled back from certain regulated territories. It officially announced the retraction of its Hong Kong Virtual Asset Licensing Regime license application on May 24th, along with a few others including Huobi and Gate.io.
Published At
6/3/2024 11:30:00 AM
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