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 made the announcement on June 3, revealing that it will now support over 150 cryptocurrencies and 60 crypto-euro trading pairs. This development comes after the exchange rebranded from Okcoin Europe Ltd. to OKX on April 10.
In a strategic move, OKX has partnered with the local online payments company iDEAL to facilitate easy deposit and withdrawal of funds for its Dutch users. Additionally, users can utilize the Single Euro Payments Area (SEPA) for seamless euro transactions without any fees.
Apart from its CEX platform, OKX has also launched 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 exchange have been meticulously designed by a team of experts based on customer feedback.
Ghoos further mentioned 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 made the decision to withdraw its application for the Virtual Asset Service Provider (VASP) license in Hong Kong and subsequently ceased operations in the region by May 31. The specific reasons for this departure from one of the fastest-growing cities for crypto companies were not disclosed by OKX.
According to data from CoinMarketCap, OKX boasts a 24-hour trading volume of $2.7 billion and receives nearly 5.9 million weekly visits. The total assets under its management amount to $18.8 billion, with Bitcoin (BTC) dominating with a share of 46.2%, equivalent to $8.69 billion.
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