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OkCoin Opens Up Euro Pairs to Traders

It’s a big week for OkCoin, with the crypto exchange launching in the EU.

Here’s everything we know about the launch.

OKCoin Launches in EU: The Details

On Tuesday, June 4, OKCoin posted a blog post that said it is opening up euro pairs to traders. For non-United States users, starting yesterday, the crypto exchange’s new spot trading offerings cover euro pairs with the following: Ether, Bitcoin Cash, and, of course, Bitcoin. The exchange plans to add more pairs soon; euros can be withdrawn with no fees until September 4.

“OKCoin users outside of the U.S. can now deposit and withdraw euros. Starting at 8:00 pm PT, June 4th, all OKCoin users can participate in euro spot trading for leading digital assets, such as Bitcoin, Ethereum, and Bitcoin Cash,” the blog post said.

Of course, this news is noteworthy for two reasons.

First, it means OKCoin is expanding its business. And as we know, growth is how companies stay afloat in industries that are constantly changing, seeing new players.

Secondly, Europe, according to Jovan Gavrilovic, General Manager of Europe at the crypto exchange, “is essential to the evolution of the cryptocurrency markets.” Gavrilovic added that Europe “is home to many progressive ideas for innovating and disrupting the status quo of the global financial system while maintaining a balanced regulatory approach.”

>> Crypto Exchange Blockport Bankrupt After STO Fails to Meet Expectations

OkCoin had more to say Wednesday, as well. In the same blog post, the crypto exchange said it is opening a new office in Malta.

Takeaway

Obviously, this is a big week for the crypto exchange. Not only is Europe an important player in the crypto space that OkCoin has acquired, but it’s also offering traders with more options, which is likely to benefit the firm.

What do you think, though? Do you think OkCoin should have launched in Europe? Let us know what you think in the comments below!

Featured image: DepositPhotos © BiancoBlue

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OKCoin in California | Another Crypto Exchange Moving to the US

OKCoin in California: OKCoin, an international cryptocurrency exchange, just announced that it has launched a branch within the US market offering cryptocurrency trading services between USD and several cryptocurrencies.

According to the company’s website, the crypto exchange has already launched in California and is working on getting its services approved in other states. Each state has its own guidelines, and the company is complying with the SEC’s guidelines. The company filed a money service business (MSB) with the US Financial Crimes Enforcement Network (FinCEN) back in November of 2017.

California residents are now able to deposit USD into the OKCoin system and trade for Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), and Ethereum Classic (ETC).

>> Robinhood Adds Litecoin & Bitcoin Cash

OKCoin in California: US Exchange Expansion

For the longest time, US crypto investors wanting to stick to US platforms only had two options: Coinbase/GDAX and Bittrex. Both have had their fair share of issues and failed to keep up with the growth of cryptocurrency.

To be fair, last year the market grew faster than most could keep up with, but Coinbase’s exchanges caused a lot of issues when coins were shooting up by over a hundred percent a day. When Bitcoin (BTC) hit its all-time high of $20,000 back in December of 2017, Coinbase/GDAX suffered outages that caused the sharp fall of coin prices.

Bittrex wasn’t taking new investors for nearly four months (December-April) after the explosion of cryptocurrencies. On April 10th, Bittrex opened registration for new users again, but within minutes the site was shut down. The company wasn’t prepared for the amount of traffic that instantly hit its site.

Now, it seems US investors will have more options. The Huobi Group, based in Singapore, just opened its US office. HBUS is open to all 50 states and has been working with government regulators from the start. Users must have a valid US address to create an account and accounts opened by any non-US citizens will be closed and blocked according to OFAC regulations.

And now, US investors will also have OKCoin as an option. Are you excited about this?

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