Crypto Exchange OKCoin has extended its services in Europe, offering Euro pairs to traders for the first time.
OKcoin has started providing its services for the non-United States customers, who are now allowed to deposit and withdraw euros and engage in the euro spot trading for cryptocurrencies like Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH). According to the post, euros can be deposited and withdrawn at no-cost untill Sept 4. Also, the exchange is expecting to add more euro crypto pairs in the near future.
Simultaneously, OKcoin has started its office in Malta in the blockchain accelerator and hub dubbed chiliZ Blockchain Campus. The new office consists of a customized set of trading services and digital asset which operate as per the Virtual Financial Asset Act, regulated by the Malta Financial Services Authority.
According to the EU jurisdiction's blockchain and crypto-asset framework, OKcoin can simply list token projects and initiate various payment options "quickly and safely" to the European customers, as per blog post.
Jovan Gavrilovic, who is the general manager of Europe at OKcoin stated,
“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.”
In November 2018, OKcoin introduced fiat crypto trading services in Argentina, also disclosing its plan to expand its services around whole Latin America, introducing other fiats in the list in the next few months. Moreover, the firm was planning to open an office in Buenos Aires and build a team to support development in the region.
Lately, Star Xu, founder of OKcoin has made a collaboration with the blockchain-based trust firm Prime Trust. This will allow the company to launch a complaint stablecoin.