OKEx partners with Malta Stock Exchange to launch new crypto exchange

19 Jul, 2018
by David Robb
OKEx partners with Malta Stock Exchange to launch new crypto exchange

OKEx has announced that it will be teaming up with MSX, the digital branch of the Malta Stock Exchange, in order to develop a new trading platform for security tokens. Known as OKMSX, it will be launched at the start of 2019.

We've reported before on the increasing relevance of Malta to the cryptocurrency world, as it launched the new "Blockchain Island" intitiative. Binance recently moved its operations to the country, and is helping to establish a new bank backed by crypto. 

Read more: Binance invests in first decentralized bank owned by crypto investors

The OKMSX exchange will leverage OKEx’s digital asset operations and security expertise, as well as the Malta Stock Exchange’s 26-year track record of operating as a regulated stock exchange, with extensive experience in regulatory compliance and client due diligence. 

According to Tim Byun, Chief Risk Officer and Head of Government Relations of OKEx, "Malta is taking the helm of regulating the blockchain technology and cultivating a regulated cryptocurrency and ICO epicentre. This joint venture marks our confidence in the Maltese government as well as our commitment to providing an efficient, secure, and transparent blockchain trading environment to clients worldwide. We believe OKMSX will be a milestone in the economic development of Malta." 

Follow Chepicap now on Twitter, Telegram and Facebook!


Are we likely to see more national blockchain initiatives like Malta's 'Blockchain Island'?

(3 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage