OKX, a major global cryptocurrency exchange, has officially launched its operations in the Netherlands, unveiling a new centralized crypto exchange (CEX) and an OKX Wallet. This expansion marks a significant milestone for OKX as it continues to broaden its footprint in the European market.
On June 3, OKX announced the launch of its CEX and Web3 wallet in the Netherlands. The CEX allows Dutch users to trade approximately 150 cryptocurrencies, providing over 60 trading pairs with the euro. The integration with the local payment system iDeal facilitates seamless euro deposits and withdrawals, enhancing the user experience by allowing free euro deposits into OKX accounts. Additionally, deposits and withdrawals are available through the European payment system known as Single Euro Payments Area (SEPA).
The OKX Wallet offers users full custody of their cryptocurrencies, enabling them to manage their assets independently. This move aligns with OKX's commitment to providing secure and user-friendly crypto services.
Erald Ghoos, General Manager of OKX Europe, emphasized the importance of this launch, stating, "The introduction of our centralized exchange and OKX Wallet in the Netherlands represents a significant step in our long-term strategy for the region. We've hired a local expert team and designed products that cater specifically to the needs of Dutch users."
OKX's journey in the Netherlands began in 2021 when it registered as a crypto services provider with De Nederlandsche Bank under its former name, Okcoin Europe. The rebranding to OKX in April has further solidified its presence in the market.
Dutch residents can sign up for OKX through the company's website or mobile apps, with a new user bonus of up to 50 euros ($54) for those who register by July 3. This launch is part of OKX's broader strategy to expand its services across Europe, despite recent decisions to withdraw from certain jurisdictions, such as Hong Kong.
With its robust infrastructure and user-centric approach, OKX is poised to make significant strides in the Dutch cryptocurrency market, offering comprehensive trading and custodial services to local users.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
