The dominant crypto exchange, OKX has expanded to Europe with launching an exchange platform and non-custodial wallet service in Belgium. All the customers in Belgium can now access OKX’s crypto trading services including spot and futures trading.
The company announced this news on Nov, 26 stating that the OKX Exchange and OKX Wallets are now available for Belgium customers with the euro deposit option. This new platform grants Belgium users access to trade over 200 cryptocurrencies, including 60 crypto assets paired with euro.
OKX has partnered with Bancontact, which is Belgium’s most famous online payment organization. This integration grants permission to OKX users within the country to immediately deposit funds in their accounts.
Additionally, OKX has also enabled deposits and withdrawals through Single Euro Payments Area (SEPA), one of the most popular digital payment systems in Belgium.
OKX’s general manager of Europe, Erald Ghoos said, “The company does not have direct regulatory approval from Belgian authorities, but rather operates under a ‘non-rejection’ status for its activities in Belgium”.
According to the reports, 25% of Belgium’s population currently has exposure to cryptocurrencies and the number is expected to reach 28% by 2028 . This forecast is suggesting increased importance of digital assets among investors in Belgium.
In June 2024, OKX launched its exchange in the Netherlands and in July 2024 the team declared its motive to establish its administrative focus for the EU in Malta. The exchange currently holds Class 4 Virtual Financial Assets (VFA) Service Provider license in Malta since 2021.
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