OKCoin is one of the largest regulated fiat-to-crypto exchanges in the world. It is a Chinese digital currency exchange which was founded in 2013. Okcoin has launched Euro Trading for Bitcoin, Ethereum and other Cryprocurrencies.
OKCoin, the company which deals majorly in Bitcoin exchange, has opened a new office in Malta which is also known as “Blockchain Island” for its comprehensive government initiatives to provide a sound regulatory framework for blockchain enterprises. The office will be headed by OKCoin General Manager, Jovan Gavrilovic.
“Europe is essential to the evolution of the cryptocurrency markets. While maintaining a balanced regulatory approach, the EU has produced many progressive ideas for innovating and disrupting the status quo of the global financial system,” said Jovan Gavrilovic, General Manager of Europe at OKCoin. “We are very pleased to bring Virtual Financial Assets, as defined in Malta, to the European market in a secure and reliable manner, enabling users in Europe to trade cryptocurrencies for euros easily and safely.”
Now traders outside of the U.S. can now deposit and withdraw euros. OKCoin is a leading fiat-focused digital asset exchange with service in 184 countries. All OKCoin users can participate in euro spot trading for leading digital assets such as Bitcoin, Ethereum and Bitcoin Cash, with more digital asset pairs being added soon. OKcoin has opened euro-to-token trading and pursued a Virtual Finance Asset (VFA) license with the Malta Financial Services Authority (MFSA) because OKCoin believes that regulations are necessary to help the market reach its potential.
As the second largest currency in the world, the euro becomes the latest addition to OKCoin’s fast-growing stable of fiat currencies and leading digital assets such as Bitcoin, Bitcoin Cash, Cardano, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, 0x, Stellar, Tron, XRP, Zcash, and others.
The CEO of OKCoin is Star XU and currently, it has 130 employees. The core team majorly has people from some renowned companies such as Alibaba, Tencent, and Huawei. The company has affiliations from OKEX FIntech Company Limited. Its headquarters are based in Beijing, China. The company’s investor relationships are strong with Ceyuan Ventures, Mantra Capital, Venture Labs, and also a private investor Tim Draper.
The main goal of OKCoin is to encourage more and more people to make digital transactions and convert them into crypro enthusiasts. OKCoin uses Blockchain technology thus making the platform encrypted and secure. In this way, transactions would be more efficient, instant and hassle free. It has both cold storage for storing the digital currency and hot storage, which keeps only a percentage of currency online, but even they hold keys to complete a transaction. The interface of this exchange is easy and user-friendly.
The mobile application for OKCoin runs on both Android and iOS. A user can run multiple accounts and can get real time price alerts for crypto and traditional currency. The spots are available for BTC/CNY, LTC/CNY, BTC/USD, LTC/USD. A user can also operate margin trading from his mobile application thus providing all the convenience a user needs.