Previously known as Okcoin Europe, OKX began serving users in the Netherlands in 2021 after registering with the Dutch Central Bank.
Major global cryptocurrency exchange OKX is officially launching in the Netherlands, introducing a local trading platform and a Web3 wallet.
OKX announced the official launch of its centralized crypto exchange (CEX) and its OKX Wallet in the Netherlands on June 3. The CEX enables Dutch customers to trade approximately 150 cryptocurrencies, offering at least 60 trading pairs with the euro.
Integration with Local Payment Systems
OKX has integrated with the local payment system iDeal to provide seamless euro deposits and withdrawals. This integration allows Dutch customers to deposit euros into their accounts free of charge. Additionally, OKX supports deposits and withdrawals through the European payment system known as the Single Euro Payments Area (SEPA).
Services Offered by OKX
With the OKX CEX, residents of the Netherlands can access spot cryptocurrency trading, staking, and other services. Another OKX offering, the OKX Wallet, enables users to “hold full custody of their own crypto,” according to the announcement.
“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” said OKX Europe General Manager Erald Ghoos. He mentioned that OKX has hired an expert local team and carefully designed products tailored to user feedback.
Rebranding and Expansion History
The official launch of OKX in the Netherlands follows the exchange’s rebranding from Okcoin Europe to its current name in April.
OKX initially started as Okcoin Europe in the Netherlands in 2021 through registration as a crypto services provider with the central bank of the Netherlands, De Nederlandsche Bank. OKX also holds a virtual financial asset service provider license in Malta.
Summary Review: OKX‘s expansion into the Netherlands marks a significant step in its global growth strategy. By offering a local trading platform, Web3 wallet, and integration with popular payment systems, OKX aims to provide Dutch users with a comprehensive and user-friendly crypto trading experience.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
