OKX, a leading crypto exchange, has made inroads into Europe by launching an exchange platform and non-custodial wallet service in Belgium. Belgian customers can now engage in OKX’s crypto trading services, covering spot and futures trading.
On November 26, the company announced that OKX Exchange and OKX Wallets are accessible to Belgian customers, with the option to deposit euros. The new platform allows Belgian users to trade over 200 cryptocurrencies, among which 60 crypto assets are paired with the euro.
OKX has teamed up with Bancontact, Belgium’s renowned online payment organization. This collaboration enables OKX users in the country to swiftly deposit funds into their accounts. Moreover, OKX has also facilitated deposits and withdrawals via the Single Euro Payments Area (SEPA), a popular digital payment system in Belgium.
Erald Ghoos, OKX’s general manager for Europe, stated that the company operates in Belgium under a ‘non-rejection’ status rather than having direct regulatory approval from Belgian authorities.
Reports suggest that 25% of Belgium’s population currently has exposure to cryptocurrencies, and the figure is projected to reach 28% by 2028, indicating the growing significance of digital assets among Belgian investors.
In June 2024, OKX launched its exchange in the Netherlands, and in July 2024, it declared its intention to establish its EU administrative focus in Malta. The exchange has held a Class 4 Virtual Financial Assets (VFA) Service Provider license in Malta since 2021.
Related Topics:
OKX Explorer Upgrades Bitcoin Transactions with Fractal Integration
OKX Singapore Secures Full MPI License, Names Former Regulator Gracie Lin as CEO
OKX to Remove XRP, SHIB, ADA, and 27 Other Cryptos from BTC and ETH Pairs
