OKX Extends to Netherlands Offering Crypto Wallet and Exchange

OKX, a global cryptocurrency exchange platform, has
announced the launch of its services in the Netherlands. Dutch customers now
have access to spot trading, including buying and selling cryptocurrencies,
along with conversion services for over 150 digital assets, including more than
60 crypto-Euro pairs.

Additionally, the OKX Wallet is available to Dutch
customers, providing a gateway to the Web3 world and allowing them to have full
custody of their crypto assets.

Instant Euro Transactions

Integration with iDEAL, the online payment system in the
Netherlands, enables customers to withdraw and deposit Euro funds to their OKX
accounts instantly and free of charge. Furthermore, deposits and withdrawals
through the Single Euro Payments Area are also available at no cost.

The Netherlands boasts a vibrant community of crypto
enthusiasts, ranging from newcomers to seasoned traders and long-term
investors. Known for their early adoption of technology, the Dutch actively
participate in the crypto and Web3 communities.

Meanwhile, OKX
has withdrawn its application for a license
to offer virtual asset services
in Hong Kong, as Finance Magnates
reported. The firm will discontinue centralized virtual asset trading services
for Hong Kong residents as of May 31, 2024, according to its website.

Presence in Netherlands with Compliance Measures

The country’s reputation for a knowledge-based economy,
technological innovation, and investment landscape, coupled with world-class
design thinking, makes it an attractive market for OKX.

The company plans to
expand its local team led by Benelux Regional Manager Roy van Krimpen, with a
focus on hiring top talent to ensure sustainable growth and close engagement
with the community.

The company holds a crypto service provider registration
with De Nederlandsche Bank for its centralized exchange platform services
in Europe, along with a virtual financial asset service provider license in

This article was written by Tareq Sikder at www.financemagnates.com.

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