As a seasoned crypto investor with a keen eye for market trends and geographical expansions, I find the recent move by OKX into Belgium to be a strategic and promising step. Having witnessed their successful entry into the Netherlands earlier this year, I’m excited to see them continue their European expansion.
In simpler terms, the leading cryptocurrency platform, OKX, is making its way into Europe by launching an exchange platform and a non-custodial digital wallet service in Belgium. This means that residents of Belgium can now utilize OKX’s crypto trading services such as spot and futures trading.
On November 26th, it was made public that the OKX Exchange and OKX Wallets have been opened up for Belgian customers who can now deposit euros. This fresh platform offers Belgian traders the opportunity to exchange more than 200 different cryptocurrencies, including 60 crypto assets that can be traded using the euro.
OKX has teamed up with Bancontact, a well-known Belgian online payment service provider. This collaboration allows OKX users residing in Belgium to swiftly transfer funds into their accounts instantly.
Moreover, OKX offers deposit and withdrawal options using the Single Euro Payments Area (SEPA), a widely used digital payment system within Belgium.
In simpler terms, Erald Ghoos, the general manager of OKX for Europe, stated that while the company doesn’t have explicit approval from Belgian regulators, it is allowed to operate within Belgium because its activities haven’t been rejected.
Based on current reports, around a quarter of Belgium’s population already engages with cryptocurrencies. By the year 2028, it’s projected that this number could rise to nearly 28%. This prediction indicates a growing significance of digital assets in the investment landscape of Belgium.
As an analyst, I can share that come June 2024, OKX made its debut with its exchange platform in the Netherlands. Fast forward to July 2024, the team declared their strategic intent to centralize their EU administrative operations in Malta. Since 2021, the exchange has been holding a Class 4 Virtual Financial Assets (VFA) Service Provider license, a testament to its regulatory compliance in Malta.
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2024-11-28 16:36