OKX undergoes rebranding and introduces cryptocurrency exchange and wallet in the Netherlands.
OKX, one of the largest centralized exchanges (CEX) in terms of trading volume, has made an exciting announcement regarding its expansion in the Netherlands. The exchange revealed on June 3 that it will now support over 150 cryptocurrencies and 60 crypto-euro trading pairs.
It is worth noting that OKX recently underwent a rebranding process, changing its name from Okcoin Europe Ltd. to OKX on April 10.
In order to provide a seamless experience for its Dutch users, OKX has partnered with iDEAL, a local online payments company. This collaboration will enable users to easily deposit and withdraw funds from their accounts. Additionally, users can take advantage of the Single Euro Payments Area (SEPA) for free euro deposits and withdrawals.
Aside from the CEX platform, OKX has also introduced a self-custodial web3 wallet called OKX Wallet specifically for its Dutch users. According to Erald Ghoos, the General Manager of OKX Europe, both the wallet and the exchange have been meticulously developed by a team of experts who took customer feedback into consideration.
Ghoos further highlighted that OKX holds a crypto service provider registration with De Nederlandsche Bank (DNB) and a virtual financial asset service provider license in Malta, emphasizing the exchange’s commitment to compliance.
On May 24, OKX made the decision to withdraw its application for the Virtual Asset Service Provider (VASP) license in Hong Kong. Consequently, the exchange ceased its operations in the region on May 31. However, OKX has not provided specific details regarding the reasons behind leaving one of the fastest-growing cities for crypto companies.
According to data from CoinMarketCap, OKX boasts a 24-hour trading volume of $2.7 billion and receives nearly 5.9 million weekly visits. The total assets under its management amount to $18.8 billion, with Bitcoin (BTC) accounting for the largest share at 46.2%, equivalent to $8.69 billion.
In other news, a meme coin inspired by GameStop has experienced a surge of 300% in value. This coincides with the return of Peter Brandt, a renowned chart veteran, on X.
