- OKX crypto exchange has expanded to the Netherlands with the launch of its services and Web3 wallet.
- CMC ranks OKX as the fourth largest exchange platform in terms of trading volume.
The prominent OKX crypto exchange platform announced that it has launched its exchange services and Web3 wallet in the Netherlands. The platform made the statement on its X account on June 3, 2024. OKX currently renders services in over a hundred countries as stated in its website.
OKX, formerly known as OKEx, was launched in 2017 and is headquartered in Africa. It holds offices in Silicon Valley, the UAE, Hong Kong and Singapore. According to CMC data, OKX is the fourth largest exchange with a trading volume of $2 billion. The crypto exchange provides Web3 wallet services in multiple countries including the US.
What Does the OKX Netherlands Launch Intend?
OKX has announced on its official website that Dutch customers can now access spot trading and exchange services for over 150 countries. Additionally, it offers Web3 wallet services for citizens of the Netherlands. The exchange holds that its wallet is a ‘portal to web3’.
Additionally, the exchange allows trading of sixty crypto-euro pairs within the country. Notably, the exchange platform has integrated with ‘iDeal’, a payment system in the Netherlands. This integration allows easy deposit and withdrawal of Euro for users, free of charge.
Moreover, the crypto exchange stated that it chose the Netherlands because of its “thriving community of crypto enthusiasts, new entrants, experienced traders and long-term holders.” It also mentioned that the Dutch are early adopters and active participants in crypto and Web3 communities.
Separately, the exchange has specified that it holds a registration as a crypto service provider with the De Nederlandsche Bank (DNB). It holds an additional license as a virtual financial asset service provider in Malta. The exchange aims to expand its services to create a worldwide community.
On the other hand, OKX recently halted its services from Hong Kong, by withdrawing the license application from Hong Kong’s SFC. Additionally, it has also stopped trading of USDT paired cryptos within the EU territory earlier this year.
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