Coindesk Logo

Crypto Exchange OKCoin Expands Trading Services to Europe

Crypto Exchange OKCoin Expands Trading Services to Europe

Crypto Exchange OKCoin Expands Trading Services to Europe

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

AccessTimeIconJun 5, 2019, 11:45 AM
Updated Aug 18, 2021, 11:31 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

Available from Tuesday for non-U.S. users, OKCoin's new spot trading offerings cover euro pairs with bitcoin (BTC), ether (ETH) and bitcoin cash (BCH) at launch, with more pairs planned. The firm said on its blog that until Sept. 4, euros can be deposited and withdrawn fee-free.

At the same time, OKCoin has announced the opening of a new office in Malta, featuring, it says, a "tailored set of trading services and digital assets that are compliant with the Virtual Financial Asset Act, regulated by the Malta Financial Services Authority."

Under the EU jurisdiction's blockchain and crypto-asset framework, OKCoin will be able to list token projects and introduce a range of payment options "quickly and safely" to European customers, according to the blog post.

Jovan Gavrilovic, OKCoin's European general manager, said:

“Europe is essential to the evolution of the cryptocurrency markets. It is home to many progressive ideas for innovating and disrupting the status quo of the global financial system while maintaining a balanced regulatory approach. We are very pleased to bring digital asset trading to the European market in a secure and reliable manner, enabling users to trade digital assets for euro easily and safely.”

Once one of China's "Big 3" crypto exchanges, the firm was forced to shift overseas following the nation's ban on fiat-to-crypto trading in the autumn of 2017. It's now headquartered in San Francisco.

Back in January 2019, the firm appeared to be moving towards a reverse IPO in Hong Kong, with the acquisition by founder Star Xu of a listed firm for $60 million.

In the same month, the exchange was said to be eyeing a launch in South Korea.

Euros image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.