OKX, a well-known cryptocurrency exchange platform, has now extended its services and introduced its Web3 wallet in the Netherlands. According to CMC, OKX ranks as the fourth largest exchange platform in terms of trading volume. The announcement regarding the launch was made by the prominent OKX crypto exchange platform on its X account on June 3, 2024. As stated on its website, OKX currently operates in more than a hundred countries.
Originally known as OKEx, OKX was established in 2017 and has its headquarters in Africa. It also has offices in Silicon Valley, the UAE, Hong Kong, and Singapore. According to CMC data, OKX is the fourth largest exchange with a trading volume of $2 billion. The crypto exchange provides Web3 wallet services in various countries, including the US.
So, what is the purpose behind the OKX Netherlands launch? OKX has announced on its official website that Dutch customers can now enjoy spot trading and exchange services for over 150 countries. Additionally, they can access Web3 wallet services. The exchange claims that its wallet serves as a “portal to web3”.
Furthermore, OKX enables the trading of sixty crypto-euro pairs within the Netherlands. Notably, the exchange platform has integrated with “iDeal”, a payment system in the country. This integration allows users to conveniently deposit and withdraw Euros without any charges.
The crypto exchange has also stated that it chose the Netherlands as its expansion destination due to its “thriving community of crypto enthusiasts, new entrants, experienced traders, and long-term holders.” It also acknowledged that the Dutch population is known for being early adopters and active participants in the crypto and Web3 communities.
In addition, OKX has emphasized that it holds a registration as a crypto service provider with De Nederlandsche Bank (DNB) and holds an additional license as a virtual financial asset service provider in Malta. The exchange has a vision to expand its services and create a global community.
On the other hand, OKX recently decided to halt its services in Hong Kong by withdrawing its license application from the Securities and Futures Commission (SFC). Additionally, earlier this year, it ceased trading USDT paired cryptocurrencies within the EU territory.
In other crypto news today, a recent survey revealed that 47% of US voters plan to add cryptocurrencies to their investment portfolios.