OKCoin launches spot trading in Euros (EUR)

04 Jun, 2019
by David Robb
Exchange
OKCoin launches spot trading in Euros (EUR)

OKCoin has expanded its services into Europe. The company, which also runs the OKEX exchange, has made spot trading in Euros available as well as opening a new office.

OKCoin's European operations will be run from a new office in Malta. The small island nation is one of the more crypto-friendly jurisdictions in Europe, and Binance has previously established a base there. The Virtual Financial Asset Act (“VFAA”), regulated by the Malta Financial Services Authority, provides blockchain and crypto companies with a clear legal framework.

Crypto traders in Europe will now be able to deposit and withdraw Euros (EUR) directly into and out of their new OKCoin accounts. Euro deposits and withdrawals will be free until the September 4, according to the official announcement. Spot trading will be available for a number of EUR-crypto pairs, including those with Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH). More pairs are due to be added later.

According to Jovan Gavrilovic, General Manager of Europe at OKCoin, "Europe is essential to the evolution of the cryptocurrency markets. It is home to many progressive ideas for innovating and disrupting the status quo of the global financial system while maintaining a balanced regulatory approach. We are very pleased to bring digital asset trading to the European market in a secure and reliable manner, enabling users to trade digital assets for euro easily and safely."

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