OKX, a leading centralized exchange (CEX) by trading volume, has launched its platform and a web3 wallet in the Netherlands. Announced on June 3 via X, the exchange will support over 150 cryptocurrencies and 60 crypto-euro trading pairs. OKX rebranded from Okcoin Europe Ltd. on April 10, marking a significant shift in its identity and services.
Dutch customers now have access to spot trading and conversion services for a wide array of cryptocurrencies, facilitated by the OKX exchange platform. Additionally, the newly introduced OKX Wallet offers a gateway to the Web3 world, allowing users full custody of their crypto assets.
One notable feature is the integration with iDEAL, the most popular online payment system in the Netherlands, enabling instant and free Euro deposits. The platform also supports free deposits and withdrawals via the Single Euro Payments Area (SEPA).
OKX is committed to expanding its local team, led by Benelux Regional Manager Roy van Krimpen, to stay connected with the community and foster sustainable growth. The company plans to leverage its global product knowledge and technical expertise to provide advanced and intuitive trading tools tailored to the Dutch market.
OKX’s vision in the Netherlands emphasizes a robust, customized product and a steadfast commitment to compliance and security. The exchange holds a crypto service provider registration with De Nederlandsche Bank (DNB) and a virtual financial asset service provider license in Malta.
In a move to promote transparency, OKX was one of the first in the industry to publish monthly Proof of Reserves in late 2022, ensuring full backing of customer funds. With 19 consecutive monthly snapshots, the exchange continues to lead in adopting improved reporting standards.
Interestingly, on May 24, OKX withdrew its application for the Virtual Asset Service Provider (VASP) license in Hong Kong and ceased operations there by May 31.
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