OKCoin Digital Asset Trading Platform Expands to the United States
OKCoin Expands to the United States
OKCoin is one of the most significant and often-used exchanges in the global cryptocurrency scene. The exchange has been a respected digital assets platform for trading since 2013, meaning that the company has managed to garner the interest of millions of excited users and owners of cryptocurrencies. They operate off of the pairing system, meaning that users on the site are able to trade in a variety of pre-determined markets including pairings like BTC/USD, ETH/USD, as well as several more.
But so far, the exchange had been unable to offer services to users residing in the United States of America. This is a result of several factors, all of which stem from serious regulatory problems within the country. As the SEC and other regulatory agencies in the U.S. work to try to fit cryptocurrency and blockchain technology into existing frameworks for regulation, the country makes it very difficult for some cryptocurrency companies—particularly exchanges—to participate in the massive markets that remain untapped within the United States.
But now, the established exchange is finally coming to the United States. Offering several promotions including a bonus referral program and reduced commission and trading fees, OKCoin is planning to make a splash in the U.S. market, much of which is still unacquainted with the cryptocurrency markets that have captivated much of the world economy for the past three years.
OKCoin Digital Assets
Much of the appeal of the OKCoin model comes from their ability to offer simple user-interface to their customers, along with a dedicated support system intended to solve any problems that arise over the course of the trading process. The company offers a 24/7 customer service system, as well as a near-spotless record for the security of their system and the data of their users.
The exchange does not offer all of the different cryptocurrency pairings that some exchanges might, but this is largely a positive thing when it comes to regulatory issues in the United States. At the time of writing, the initial grouping of pairings with OKCoin will by Bitcoin and USD, Litecoin and USD, Ether and USD, Bitcoin Cash and USD, and Ethereum Classic and USD. Additionally, users might be able to exchange different cryptocurrencies for one another.
Entering the U.S. Markets
OKCoin is making a concerted effort to make a splash within the competitive U.S. markets. The exchange is offering a unique launch promotion, meaning that users on the site will have a 70% discount on all of their trading fees for an undescribed amount of time. Additionally, OKCoin offers a new promotion in their innovative referral system, now offering 30% of trading fees for referrals.
The company is going to be based in San Francisco, operating under the name OKCoin USA, Inc. This is a change from their previous location, which was in Mountain View until June 1st of this year. The organization has worked with regulators all over the country in an attempt to follow the evolving conditions required for the operation of cryptocurrency exchanges in the country.