OKX, a prominent centralized exchange (CEX) known for its high trading volume, has recently introduced its CEX and a web3 wallet in the Netherlands.
The exchange, on X, revealed its plans to support over 150 cryptocurrencies and 60 crypto-euro trading pairs starting June 3. It’s worth noting that the exchange underwent a rebranding from Okcoin Europe Ltd. to OKX on April 10.
In an effort to provide seamless services to its Dutch users, OKX partnered with the local online payments company iDEAL. This collaboration enables users to conveniently deposit and withdraw funds from their accounts. Additionally, users can leverage the Single Euro Payments Area (SEPA) for free euro transactions.
Apart from the CEX platform, OKX also rolled out a self-custodial web3 wallet named OKX Wallet for its Dutch clientele. Erald Ghoos, the general manager of OKX Europe, emphasized that both the wallet and the exchange have been meticulously developed by a team of experts based on customer feedback.
Ghoos highlighted that OKX is registered as a crypto service provider with De Nederlandsche Bank (DNB) and holds a virtual financial asset service provider license in Malta.
On May 24, OKX decided to withdraw its application for the Virtual Asset Service Provider (VASP) license in Hong Kong, leading to the suspension of its operations in the region by May 31. However, the exact reason behind this move was not disclosed by OKX.
According to data from CoinMarketCap, OKX boasts a 24-hour trading volume of $2.7 billion and nearly 5.9 million weekly visits. The total assets under its management amount to $18.8 billion, with Bitcoin (BTC) dominating with a 46.2% share valued at $8.69 billion.
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