- OKX has officially introduced its centralized cryptocurrency exchange and the OKX Wallet in the Netherlands.
- The Dutch market can now access a suite of over 150 cryptocurrencies, including more than 60 crypto-Euro pairs.
- “The launch marks a significant milestone for OKX’s commitment to the Netherlands,” said Erald Ghoos, General Manager at OKX Europe.
OKX launches centralized crypto exchange and versatile wallet in the Netherlands, offering comprehensive services tailored for the Dutch community.
Introducing OKX to the Dutch Market
OKX has officially launched its centralized cryptocurrency exchange and the OKX Wallet in the Netherlands, offering an extensive range of services including spot trading, earning services, and the conversion of over 150 cryptocurrencies. The launch brings more than 60 crypto-Euro pairs to the Dutch market, as well as simplified Euro deposits and withdrawals.
Local Integration and User-Friendly Features
With the integration of iDEAL, the most popular payment system in the Netherlands, Dutch customers can now make instant Euro fiat deposits without incurring any charges. Additionally, the OKX Wallet provides Web3 capabilities and ensures full custody of crypto assets, enhancing both convenience and security for users.
OKX’s Commitment and Future Plans
Erald Ghoos, General Manager at OKX Europe, stated: “The launch of our centralized exchange and OKX Wallet in the Netherlands represents a significant milestone in our long-term strategy. By hiring a specialized local team and focusing on user feedback, we’ve tailored our services to meet the specific needs of the Dutch community. This is only the beginning, and we aim to build trust and establish a strong presence in the region.”
Evolution and Regulatory Compliance
The official launch follows the rebranding of Okcoin Europe Ltd. to OKX and the appointment of Erald Ghoos as the European General Manager. OKX has been active under its previous name and remains authorized as a cryptocurrency service provider by the De Nederlandsche Bank (DNB). The exchange also holds a virtual financial asset service provider license in Malta since 2021.
Adapting to Regulatory Changes
In March, OKX ceased support for tether (USDT) trading pairs within the European Economic Area (EEA). This strategic move aims to pave the way for euro on-ramps, aligning with the new MICA-based regulations. These regulations are part of the European Union’s broader effort to regulate digital assets and firms within its single market effectively.
Conclusion
OKX’s official launch in the Netherlands is a testament to its commitment to the European market. By offering a comprehensive suite of services tailored to local needs and ensuring regulatory compliance, OKX is well-positioned to become a prominent player in the Dutch crypto landscape. As the company continues to evolve, its focus will remain on delivering user-centric services and building lasting trust within the community.
