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Expansion of OKX Crypto Exchange Services in the Netherlands

Jun 3, 2024

Crypto exchange OKX has recently introduced its Web3 wallet and exchange services in the Netherlands, expanding its offerings to Dutch customers. The move includes features such as spot trading, crypto conversion, and provision for over 150 cryptocurrencies. OKX has obtained regulatory approval from De Nederlandsche Bank (DNB), the central bank of the Netherlands. The platform now allows Dutch users to engage in spot trading activities and convert a wide range of cryptocurrencies, with support for up to 60 euro-crypto trading pairs. Integration with iDeaL for local payment transactions in EUR has been facilitated, enabling free and instant deposits through online payment systems. Furthermore, deposits and withdrawals via the Single Euro Payments Area (SEPA) are now supported. Customers in the Netherlands can also benefit from the Web3 wallet feature, giving them complete control over their crypto assets. OKX aims to utilize its global technical expertise to enhance user experience by providing access to a variety of trading tools. Emphasizing regulatory compliance, OKX is committed to adhering to local and regional laws. The company's general manager of OKX Europe, Erald Ghoos, highlighted the importance of compliance and security in the crypto industry. Currently, OKX operates in Europe in line with the registration requirements set by De Nederlandsche Bank for crypto service providers. Additionally, OKX holds a crypto asset service provider license in Malta, ensuring a secure and compliant operation.

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