OKX rebrands and launches crypto exchange, wallet in the Netherlands

OKX,
one
of
the
largest
centralized
exchanges
(CEX)
by
trading
volume,
announced
the
launch
of
its
CEX
and
a
web3
wallet
in
the
Netherlands.

On
June
3,
the
exchange
shared
on
X
that
it
will
support
more
than
150
cryptocurrencies
and
60
crypto-euro
trading
pairs. 

Notably,
the
exchange
rebranded
from
Okcoin
Europe
Ltd.
to

OKX
on
April
10.

Per
the
announcement,
OKX
teamed
up
with
the
local
online
payments
company
iDEAL
to
allow
its
Dutch
users
to
easily
deposit
and
withdraw
funds
from
their
accounts.
Moreover,
users
can
also
use
the
Single
Euro
Payments
Area
(SEPA)
for
free
euro
deposits
and
withdrawals.

In
addition
to
the
CEX
platform,
OKX
also
launched
a
self-custodial
web3
wallet,
called
OKX
Wallet,
for
its
Dutch
users.
The
OKX
Europe
general
manager
Erald
Ghoos
said
that
the
wallet
and
the
exchange
have
been
carefully
crafted
by
a
team
of
experts
after
reviewing
customer
feedback.

Ghoos
added
that

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.
The
exchange
halted
operations
in
the
region
on
May
31.
However,
OKX
did
not
explain
the
main
reason
behind
leaving
one
of
the
fastest-growing
cities
for
crypto
companies. 

According
to

data
provided
by
CoinMarketCap,
OKX
has
a
24-hour
trading
volume
of
$2.7
billion
with
almost
5.9
million
weekly
visits.
The
total
assets
under
its
management
reach
$18.8
billion
with
Bitcoin
(BTC)
having
the
largest
share
of
46.2%,
worth
$8.69
billion.