Key Points
- OKX, a leading centralized exchange, has launched its platform and a web3 wallet in the Netherlands.
- Despite withdrawing its VASP license application in Hong Kong, OKX continues to hold a significant trading volume and asset management.
OKX, a major centralized exchange, recently unveiled its exchange platform and web3 wallet in the Netherlands.
The announcement, made on June 3, revealed that the platform will support over 150 cryptocurrencies and 60 crypto-euro trading pairs.
Rebranding and Partnerships
The exchange underwent a rebranding process, changing from Okcoin Europe Ltd. to OKX on April 10.
In order to facilitate smooth transactions for Dutch users, OKX has partnered with local online payments firm iDEAL.
This collaboration will allow users to easily deposit and withdraw funds from their accounts. Additionally, the Single Euro Payments Area (SEPA) can be utilized for free euro deposits and withdrawals.
OKX Wallet and Licenses
Alongside the exchange platform, OKX also introduced a self-custodial web3 wallet, named OKX Wallet, for Dutch users.
The wallet and exchange platform were meticulously developed by a team of experts, taking into account customer feedback, according to Erald Ghoos, OKX Europe general manager.
Ghoos also highlighted that OKX is registered as a crypto service provider with De Nederlandsche Bank (DNB) and holds a virtual financial asset service provider license in Malta.
On May 24, OKX retracted its application for the Virtual Asset Service Provider (VASP) license in Hong Kong and ceased operations in the region on May 31. The reason for leaving one of the most rapidly growing cities for crypto companies was not disclosed by OKX.
Data provided by CoinMarketCap shows that OKX has a 24-hour trading volume of $2.7 billion and nearly 5.9 million weekly visits. The total assets managed by OKX amount to $18.8 billion, with Bitcoin (BTC) accounting for the largest share of 46.2%, valued at $8.69 billion.
