OKCoin Expands Fiat and Token to Token Services To Seven More States
Crypto services are spreading across the United as the industry continues to expand. Crypto-related businesses are spreading their reach despite the harsh regulatory measures that have been put in place by regulators in the country.
OKCoin, a San Francisco based crypto exchange, has increased the scope of its services to seven more states in the United States. The exchange offers a variety of services to its clients such as token to token and fiat to token trading services. The exchange is one of the most popular and top crypto exchanges in America.
On the 5th of September, OKCoin announced the availability of its services in seven states. These states are Iowa, Utah, Mississippi, Wisconsin, Arkansas, Kentucky, and Pennsylvania. These states become part of a long list of states in which OKCoin operates. The exchange firm will be looking to continue the expansion of its services into other states and continents in which it hasn’t established its presence.
Regulators in the United States have placed restrictions on cryptocurrency trade, and these restrictions have been tightened since Facebook announced the launch of Libra. Several crypto-related businesses have left the United States due to the severity of the implications of the regulations set in place.
Expansion into Europe
In June, Cointelegraph reported that OKCoin is now providing its services to European customers. These clients are now able to deposit and withdraw euros on the platform. The platform offers its users spot trading for cryptocurrencies including Bitcoin, Bitcoin Cash, and Ethereum. Besides having accessed the European market, OKCoin’s services are also available to citizens in Malta.
The growth of OKCoin has been fueled by the growing popularity of crypto trading across the world. Over the years, more cryptocurrencies have been created, each with a different purpose. There are several applications in which cryptocurrencies are being used which has given people incentive to enter the industry and make use of crypto assets.
Developers Receive Donation from Exchange
OKCoin has made substantial donations to its developers in a bid to fund the development of cryptocurrencies and stimulate their trade. The exchange platform has placed 1,000 BTC to the development and growth of Bitcoin Cash, Bitcoin SV and Bitcoin.
The exchange firm has named the initiative “Let’s Build Bitcoin Together”, and they aim to get as many Bitcoin developers as possible involved. Players in the crypto community can go on OKCoin’s platform and vote for a blockchain project they want to send a donation to. These donations will build Bitcoin and the Bitcoin community as a whole, and boost crypto trading.