OKCoin Lands in EU, Unlocking European Crypto Gateway

Cryptocurrency exchange OKCoin has launched in the European Union (EU), enabling non-U.S. users to trade euro pairs with Bitcoin, Ethereum, and Bitcoin Cash. The exchange has also established a presence in Malta to offer compliant services under the island nation's Virtual Financial Asset Act.

OKCoin Launches in EU, Opening Gateway for Euro Pairs

In a groundbreaking move, OKCoin, the esteemed cryptocurrency exchange, has expanded its operations into the European Union (EU), granting traders unprecedented access to euro-denominated crypto pairs. This momentous launch, which commenced on Tuesday for non-U.S. users, signifies a strategic shift in the global cryptocurrency landscape.

OKCoin's newly introduced spot trading offerings encompass euro pairs with bitcoin (BTC), ether (ETH), and bitcoin cash (BCH), with the promise of additional pairs in the near future. To facilitate this momentous transition, the firm has graciously waived all deposit and withdrawal fees for euro transactions until September 4th.

Concurrently, OKCoin has established a state-of-the-art office in Malta, a renowned hub for blockchain and crypto innovation. This strategic location will empower OKCoin to offer a "tailored set of trading services and digital assets" that fully adhere to the Virtual Financial Asset Act, meticulously regulated by the Malta Financial Services Authority.

The EU's progressive blockchain and crypto-asset framework enables OKCoin to swiftly and securely list token projects while introducing a diverse array of payment options for European clients. This seamless integration will undoubtedly enhance user convenience and foster widespread adoption of digital assets within the region.

Jovan Gavrilovic, OKCoin's European General Manager, eloquently articulated the firm's vision:

"Europe is pivotal to the maturation of cryptocurrency markets. It nurtures groundbreaking ideas for disrupting and revolutionizing the global financial system while embracing a pragmatic regulatory approach. We are thrilled to introduce digital asset trading to the European market with the utmost security and reliability, empowering users to effortlessly and securely trade digital assets for euros."

OKCoin, once a pillar among China's "Big 3" crypto exchanges, was compelled to shift its operations overseas following the nation's stringent ban on fiat-to-crypto trading in late 2017. The firm has since established its headquarters in San Francisco, California.

In January 2019, OKCoin embarked on a strategic path towards a reverse IPO in Hong Kong, with founder Star Xu acquiring a listed firm for $60 million. Simultaneously, the exchange expressed its keen interest in launching operations in South Korea.

OKCoin's launch in the EU is a testament to the firm's unwavering commitment to expansion and innovation. By embracing the European market, OKCoin has positioned itself at the forefront of digital asset adoption, fostering a vibrant and accessible ecosystem for the burgeoning crypto community.