🌎 OKX Launches CEX and Web3 Wallet in Netherlands

OKX, a leading centralized exchange (CEX) by trading volume, has announced the launch of its CEX and a web3 wallet in the Netherlands. On June 3, the exchange revealed it will support more than 150 cryptocurrencies and 60 crypto-euro trading pairs. The exchange rebranded from Okcoin Europe Ltd. to OKX on April 10.

Key features of the new launch include:

Spot trading and convert services
Over 150 cryptocurrencies
More than 60 crypto-Euro pairs

In collaboration with the local online payments company iDEAL, OKX will enable Dutch users to easily deposit and withdraw funds from their accounts. Additionally, users can utilize the Single Euro Payments Area (SEPA) for free euro deposits and withdrawals.

Besides the CEX platform, OKX has introduced a self-custodial web3 wallet, named OKX Wallet, for its Dutch users. According to OKX Europe General Manager Erald Ghoos, the wallet and the exchange have been meticulously developed by a team of experts after considering customer feedback. OKX holds a crypto service provider registration with De Nederlandsche Bank (DNB) and a virtual financial asset service provider license in Malta.

On May 24, OKX withdrew its application for the Virtual Asset Service Provider (VASP) license in Hong Kong and ceased operations there on May 31. The exchange did not disclose the reason behind this move.

According to data from CoinMarketCap, OKX boasts a 24-hour trading volume of $2.7 billion with nearly 5.9 million weekly visits. The total assets under management amount to $18.8 billion, with Bitcoin (BTC) holding the largest share of 46.2%, worth $8.69 billion.