OKCoin which has two branches: one based in Beijing for Chinese citizens, and one based in Hong Kong for non-Chinese citizens, on June 4th announced that it has now expanded to Europe, and opened an office in Malta which is known as the “Blockchain Island”.
OKCoin, which was founded in 2013, has millions of users in more than 100 countries in the world. It provides its customers with a fiat-to-crypto trading platform for major cryptoassets including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC).
OKCoin is a member of the OK Group, which also includes OKEx, OKLink, OK Blockchain Capital, and OK Blockchain Research Center.
On 4th of June, OKCoin said that it had taken another major step toward its goal of making “digital assets accessible to the world” by expanding to Europe.
According to it’s blog post, “OKCoin users outside of the U.S. can now deposit and withdraw euros.” Euro spot trading for BTC, ETH, and BCH was launched at 20:00 PT on June 4th, with support for other euro-based trading pairs planned for the future. Until September 4th, euro deposits and withdrawals can be made free of charge.
OKCoin’s new European affiliate has opened an office in Malta, the “Blockchain Island”. This office is part of the chiliZ Blockchain Campus, “an accelerator and hub connecting some of the industry’s largest stakeholders across Asia and Europe.”
The trading services and digital assets that are offered are compliant with Malta’s Virtual Financial Asset Act (“VFAA”), and this OKCoin affiliate will be regulated by the Malta Financial Services Authority (MFSA).