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 Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term 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.

Today, we're officially launching our crypto exchange and #OKX Wallet in the Netherlands

Dutch customers can access spot (buy & sell) trading, as well as convert services, for over 150 cryptocurrencies including more than 60 crypto-Euro pairs through our OKX exchange platform.… https://t.co/NTcArR5AM0

— Lennix Lai (@LennixOKX) June 3, 2024

Meanwhile, OKX has withdrawn its application for a license to offer virtual asset services in Hong Kong, as Finance Magnates reported.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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term platform services in Europe, along with a virtual financial asset service provider license in Malta.