Major global cryptocurrency exchange OKX has officially launched its services in the Netherlands, introducing a local trading platform and a Web3 wallet. The announcement on June 3 marks a significant step for OKX, which previously operated as Okcoin Europe in the region.
Comprehensive Crypto Services
The newly launched OKX centralized crypto exchange (CEX) allows Dutch customers to trade approximately 150 cryptocurrencies, offering at least 60 trading pairs with the euro. Additionally, OKX has integrated with the local payment system iDeal, facilitating seamless euro deposits and withdrawals. OKX’s services also include support for the Single Euro Payments Area (SEPA) system, ensuring easy and free euro transactions.
Features and Offerings
Residents of the Netherlands can access a variety of services through the OKX CEX, including:
- Spot cryptocurrency trading
- Staking
- A Web3 wallet for full custody of their crypto
“The launch of our centralized exchange and OKX Wallet in the Netherlands is a significant milestone in our long-term commitment to the country,” stated Erald Ghoos, OKX Europe general manager. He emphasized that OKX has built a local team of experts and designed products tailored to Dutch users’ needs.
Background and Expansion
OKX’s journey in the Netherlands began in 2021 when it started serving users as Okcoin Europe, after registering with the Dutch Central Bank, De Nederlandsche Bank. In April, the exchange rebranded to OKX. The company also holds a virtual financial asset service provider license in Malta, reinforcing its regulatory compliance.
Also Read: OKX Expands in Australia with New Local Regulatory Approval
User Incentives and Future Plans
In celebration of the launch, OKX is offering a new user bonus of up to 50 euros ($54) for all customers who sign up by July 3. Interested Dutch residents can sign up on the OKX website, download the OKX app from the App Store or Google Play, and complete the verification process.
While expanding its footprint in Europe, OKX has also streamlined its operations in other regions. On May 24, OKX announced its withdrawal from the Hong Kong Virtual Asset Licensing Regime alongside other exchanges, including Huobi and Gate.io.
