New Office and Services via OKCoin Now Available in Malta
- OKCoin has established a new office in Malta, opening their services to the European market.
- Presently, users are able to deposit, withdraw, and engage in spot trading involving euros, BTC, ETH, and BCH.
OKCoin, a digital asset trading platform, has been seeing some success lately, allowing them to launch services to customers outside of the United States. This expansion makes it possible for customers to deposit and withdraw euros, while engaging in spot trading with BTC, ETH, and BCH. While the future has other euro digital asset pairs in its future, investors will not have to wait for their new launch of an office and services in Malta.
— OKCoin (@OKCoin) June 4, 2019
The announcement of their new Malta location and services was published via Medium post today, as the new office will be in the country’s blockchain accelerator named chiliZ Blockchain Campus. The office is required to comply with Malta’s Virtual Financial Asset Act, which is regulated by the local Financial Services Authority.
The European general manager with OKCoin, Jovan Gavrilovic, commented that establishing their services and the whole cryptocurrency industry in Europe is “essential” to the progress of the market.
“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.”
In November 2018, the crypto trading services of OKCoin came to Argentina, which coincided with their new plans to implement services throughout Latin America. The company promised to add other types of fiat currency in the region “in the coming months.”
Following in these efforts, the company explained that they were working to open an office that they could establish in Buenos Aires, which would help them support development with a team that remains in the region.
The founder of OKCoin and OKEx, Star Xu, revealed that parent company OK Group had partnered with Prime Trust, a blockchain-centered trust company. With this new partnership, the company may soon be launching a stablecoin to add to all of the others in the crypto industry.