- OKX announced that its exchange and wallet were officially available for users in Belgium.
- By collaborating with Bancontact, OKX has made it easier to deposit and withdraw euros.
The cryptocurrency exchange OKX has launched a trading platform and self-custodial wallet in Belgium, further expanding its operations in Europe. On November 26th, OKX announced that its exchange and wallet were officially available for users in Belgium.
More than 200 cryptocurrencies, including 60 trading pairs that pit crypto against the euro, are now available to Belgian users via OKX’s services, and they may even engage in spot trading. According to OKX’s general manager of Europe, Erald Ghoos, the launch does not need formal regulatory permission from Belgian authorities.
Ghoos said:
“We have no regulatory approval, only a non-rejection for our activity in Belgium. We offer our services from a regulated entity within the EU, without any permanent establishment in Belgium.”
Streamlined Process
Okcoin Europe, a corporation established in Malta and licensed as a Virtual Financial Assets Service Provider by the Malta Financial Services Authority, offers OKX’s services in Belgium. By collaborating with Bancontact, a widely used payment system in Belgium, OKX has made it easier to deposit and withdraw euros.
The business boasted that OKX users in Belgium can now make free, fast Euro deposits thanks to the Bancontact connection. Also, one may use the Single Euro Payments Area, Europe’s cashless payment system, to make deposits and withdrawals using OKX.
After verifying their identity using the Itsme app, Belgian residents are able to trade on the platform. According to OKX’s Ghoos, Belgian investors are known for their cautious approach to risk and their preference for solid investment solutions. They value confidence and security when making financial decisions.Ghoos pointed out that 25% of Belgians use cryptocurrency, and that number is projected to rise to 28% by 2028, citing Statista statistics.
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