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OKX Extends to Netherlands Offering Crypto Wallet and Exchange

Finance Magnates

Cryptocoins News / Finance Magnates 41 Views

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 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.

Meanwhile, OKX has withdrawn its application for a license to offer virtual asset services in Hong Kong, as Finance Magnatesreported. 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 platform services in Europe, along with a virtual financial asset service provider license in Malta.

This article was written by Tareq Sikder at www.financemagnates.com.
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