OKX expands to the Netherlands with new crypto exchange and wallet

Major global cryptocurrency exchange OKX is officially launching in the Netherlands, introducing a local trading platform and a Web3 wallet.

OKX announced the official launch of its centralized crypto exchange (CEX) and its OKX Wallet in the Netherlands on June 3. The CEX enables Dutch customers to trade approximately 150 cryptocurrencies, offering at least 60 trading pairs with the euro.

OKX integrated with the local payment system called iDeal to provide seamless euro deposits and withdrawals.

The integration allows OKX’s Dutch customers to deposit euros into their accounts free of charge. OKX deposits and withdrawals are also available through the European payment system known as Single Euro Payments Area, or SEPA.

OKX officially offers spot trading, staking, Web3 wallet and more

With the OKX CEX, residents of the Netherlands can access spot cryptocurrency trading, staking and other services. Another OKX offering, the OKX Wallet, enables users to “hold full custody of their own crypto,” the announcement notes.

“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” said OKX Europe general manager Erald Ghoos. He said that OKX has hired an expert local team and has carefully designed local products, paying attention to user feedback.

OKX Europe general manager Erald Ghoos. Source: Finance Magnates

The official launch of OKX in the Netherlands follows the exchange’s rebranding from Okcoin Europe to its current name in April.

OKX started as Okcoin Europe in the Netherlands in 2021

According to Ghoos, Okcoin Europe started serving users in the country in 2021 through registration as a crypto services provider with the central bank of the Netherlands, De Nederlandsche Bank. OKX also holds a virtual financial asset service provider license in Malta.

Related: Hong Kong officially kicks out all unlicensed crypto exchanges

Dutch residents who want to sign up for OKX are invited to visit the OKX website, download the OKX app from the Apple App Store or Google Play and complete the verification process.

OKX has announced a new user bonus of up to 50 euros ($54) for all customers who sign up by July 3 in celebration of the launch.

While expanding in Europe, OKX has recently moved on from certain jurisdictions. On May 24, OKX officially announced the withdrawal of its Hong Kong Virtual Asset Licensing Regime license application alongside a few other exchanges, including Huobi and Gate.io.

Magazine: Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express

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